The Crestwood Mineral Lease Committee is working with an oil and gas attorney to negotiate a mineral lease with a drilling company that is favorable for Crestwood residents. As discussed at the last meeting, the plan is to hire the attorney on a contingency fee basis so that neither residents nor the Association will have to pay attorney’s fees out-of-pocket.

The Committee and the attorney have agreed on some basic bargaining terms and are in the process of working out the details of the agreements with the attorney. Once an acceptable lease form is tendered, each mineral owner will have the opportunity to accept or reject the lease.

The Committee will continue to keep residents posted on the progressof negotiations at the monthly meetings and in the newsletters. Please be patient - this is a time-consuming process, but your patience will pay off in the end.