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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.

  1. Be patient. First contact to final lease execution normally takes six months to a year.
  2. Negotiate as a group.
  3. Use a committee of knowledgable members.
  4. Use an attorney.
  5. Communicate to your group often.
  6. Use the process as a team-building project.
  7. Be patient. (They really stressed this point.)

Based on the insight gained at this meeting, the committee is making the following recommendations.

  1. Hire an oil and gas attorney to represent members of the association.
  2. 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.
  3. The committee will seek the advice of our attorney on how to use the Rockwood lease as leverage.

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