Negotiating tips
Jackie Lyles, Bob Hayes and Tom Roberts attended a meeting of the Fort Worth League of Neighbors called Tips for Neighborhoods Negotiating Gas Leases. Here is what they recommended.
- Be patient. First contact to final lease execution normally takes six months to a year.
- Negotiate as a group.
- Use a committee of knowledgable members.
- Use an attorney.
- Communicate to your group often.
- Use the process as a team-building project.
- Be patient. (They really stressed this point.)
Based on the insight gained at this meeting, the committee is making the following recommendations.
- Hire an oil and gas attorney to represent members of the association.
- Don’t sign the community lease form being circulated by Four Sevens. It is one attorney’s opinion that this is a very peculiar lease form and that it could lead to headaches down the road.
- The committee will seek the advice of our attorney on how to use the Rockwood lease as leverage.