NEEPO News
24 October 2008
Greetings all,
As another week grinds away in the financial markets, news about Barnett Shale leases continues to be in the news.......
Read More on the front page of the website.
NEEPO Update 13 Oct 2008
Just over a month ago, your negotiating team held an all-NEEPO meeting to inform our coalition members about the progress being made to secure a lease agreement with one of several drillers. Hopes were high as the Barnett Shale drew new competition from entrants like Vantage Energy (SW Ft. Worth) and Titan Operating (CAMRA; NAN; etc.). At the end of September we saw the BC-MRC (Bedford Colleyville-Mineral Rights Coalition), just west of NEEPO, reach an outstanding arrangement with Titan! Then came September 29th; day 1 of a 10 day free fall in the financial world, the worst such period in the history of the market. News in the Star-Telegram has recently pointed out that many drillers have cut back or stopped exploration because of falling gas prices and a general uneasiness about the world economy and availability of advanced loans! So now we ask, Where does that leave NEEPO? ....................Read more on the Home Page
For those of you who could not make it...you missed a good informative meeting. A big thank you to all who came and to the volunteer's who organized it! Some of the most common questions and their answers have been posted on the Q&A section of this website.
