About Air and Water

Saturday, August 25, 2007

Gas deals' fine print can be costly

By Mike Lee - Star-Telegram staff writer - Sat. Aug. 25, 2007
FORT WORTH -- More than a year ago, homeowners in Oakhurst, a middle-class neighborhood northeast of downtown, became some of the first in the city to sign up for natural gas drilling.

The landmen called it "mailbox money." By signing the leases, the property owners would get a royalty check for the life of the gas well.

Now, those homeowners are learning about the fine print in natural gas leases. Before they can cash their royalty checks, they have to get legal releases called subordination agreements from their mortgage companies. And the mortgage companies are asking for fees that amount to several years' worth of royalty payments.
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Travel to other worlds ... UTA Planetarium

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Summer Schedule (June 2-August 26):

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Wed. through Saturdays at 11 a.m.
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Cosmic CSI

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Wed. through Saturdays at 2 p.m.




Rock Hall of Fame 1 (The Original)


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Read more (Warning their flat dull website doesn't give much of a glimmer of the multi-dimensional experience you'll have once you enter the dome of the UTA Planetarium!)


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Call 817 272-1183 or e-mail planetarium@uta.edu