Guess what SWAPO? They are back! Neighbors are starting to receive gas lease/purchase offers from "DLS Acquisitions" as the generic letter attached shows.
Please post your thoughts on Nextdoor for all to see. And I'll keep folks informed from this blog.
Results of opinions: After arranging a meeting with Emmanuel Mwakitwile of DLS Acquisitions, he was a no show for our 11 am meeting on Wednesday July 27th. A phone call follow-up he mentions he forgot. Further questions were, we do not believe that they can drill beyond 2 miles without another pad site than the Bruder at I-20 at Park Springs to get South of Sublett Rd. All the letters received so far are for property South of Sublett Rd. As far as the signing bonus goes, $750 per mineral acre will not be anywhere close to being an acceptable signing bonus per everyone that I discuss this with. Due to the current inflation rates, the price of groceries, electrical rates at .17 cents per kWh, and gasoline per gallon of $3.50 plus their offer is a joke. All of recommend to not sign anything.
Further news, as of September 2022, some folks are signing and collecting a signing bonus of $750 per HOME, which is more acceptable. (Do NOT sign the $750 per mineral acre, consider the $750 per HOME, big difference). Good luck on collecting any royalties.
The City of Arlington has an excellent Gas Well page on their website: Planning & development - drilling
Buy-Sell Invest with Hart at DavidHartHomes.com for all things home-related. Your knowledgeable REALTOR® in the DFW area.
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