Feb 11 · 11:23:00 AM · Source: The Keller Citizen

Residents of neighborhoods in northeast Tarrant County, TX are moving toward executing a Barnett Shale natural gas lease with Chesapeake Energy after overwhelmingly approving proposed terms Saturday.
The lease proposal calls for a bonus of $5,250 per acre for a three-year primary term, with a $2,500 bonus for an optional second two-year term. The royalty rate would be 25 percent.

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by Michael Oliveto