I just receive my letter and it states there will be a meeting Feb 9th saturday from 9:30 to 5pm . Does anyone know if this is correct that seems to be a very long meeting? also it does not state what our sign on bonus except per whole acre?

By kelly

meeting

you are right,that does seem like a terribly LONG meeting. Mine is on 0.1565 acres so I'm assuming my bonus would be $1,565.00 if I did the math correctly. And on such a small piece of land, I'm guessing my royalty percentage would be around $10/mo if I'm lucky. That small amount of money in relation to the large negative monetary effect its going to have on my property value, doesnt seem worth it to sign in my opinion. I think I agree with the other guy that posted. I dont think I am going to sign.

lease is ready to sign

Good Evening River Trails,



Great news! The new lease is ready!

We have reached an agreement with Carrizo Oil and Gas. You should receive an informational letter in the mail today or tomorrow from their land company Cheaha.

The lease signing is at River Trails Elementary this Saturday from 9:30 - 5pm in the cafeteria. They will have leases for you to sign.

The gas lease committee has reviewed this lease several times. We made sure that clauses were included to protect our neighborhood from dust and loud noise.

We also added a clause to communitize this lease. All persons signing will benefit from any well that is drilled within our boundaries.

As well as the Carrizzo representatives, we will have a representative from RTHA at the meeting all day.



The terms of the lease are

$10,000 per acre
25% royalty
3 year lease with a 2 year renewal option


We would like to see a great turnout Saturday.

Even if you are not sure if you have your mineral rights you should attend. The land men will be able to answer those kinds of questions.

Carrizo has agreed to build a wall for us along Trinity and Precinct Line.

The wall alone is worth $400,000+ . It will be a great addition to improve the appearance of our neighborhood.



See you Saturday!

Connie Rensink

RTHA ?– A Neighborhood Association



P.S. Remember that all persons on the deed of your home must be present at signing. You must also have positive identification.

gas oil lease

I am sure its a meeting where they will be present from 9:30 to 5 PM for people to drop in, I don't think they expect you to sit there all day!