Area surrounding Royal Arch Drill Site located in Arlington, TX
They are offering $220 for a five year lease, and royalty payments of 22% for the life of the well. Five years ago they paid $4,400+ for a three year lease, and 25% royalty.
It's not just the money Arlington, TX residents are concerned about. In addition to public health concerns, people are nervous about the prospect of drilling near a possible fault line in the area. Here are a few comments from concerned citizens:
"Chesapeake's excuse at the time for not renewing the leases west of the center line of Del Mar Lane was: The shale is too soft to drill, and not profitable to do so, and there is a fault line that makes it difficult to drill."