Not long ago Colonial Country Club signed a gas lease. Texas Christian University has signed a letter with Four Sevens of intent for its’ gas rights. It has come to the attention of the Neighborhood Association that several neighbors have received individual gas lease offers.
The Tanglewood Neighborhood Association has formed a committee to investigate this unique situation. Recently several committee members participated in a meeting held with TCU to discuss gas development at the University and how to address the needs of the local neighborhoods. The committee has also been in communication with other neighborhood associations to learn how they have dealt with similar solicitations.
The committee would like to negotiate lease terms for the neighborhood, other neighborhood associations have done this for the benefit of the neighbors. We have approximately 500 households within the bounds of the association. As a group we hold a stronger position than that of individuals. We also can tap into vast wealth of knowledge within the neighborhood and will have benefits sharing legal counsel and information with every one in the neighborhood.
The committee is soliciting feedback from the neighborhood and has set up a special email address: “gaslease@tanglewood-neighbors.org”. We would like to hear from you. Please send us any questions or concerns that you might have. If you have received a solicitation please let us know about it.
