WENA Gas Lease News

Gas News Dec. 7

Hello All,

We sat down with Paloma Wednesday evening of this week and they are interested in our whole Wedgwood East Neighborhood Association (WENA) area. Four Sevens and Paloma are currently in our area with leases and/or signing events.

WENAs boundaries are:
North – I20, South – Alta Mesa,
East – Westcreek/McCart, West – Trail Lake/Woodway

What does that mean for me?
That means whether you have received a Four Sevens lease and/or a Paloma lease or no lease
at all and have NOT signed a lease you are eligible so long as you are a homeowner within
WENAs boundaries. So at this time it is even more important that we ask that you do not sign
a lease if you have received one or have been asked to go to a signing event. By you not signing
strengthens our negotiating power with these companies. You still may receive a lease from
Four Sevens or Paloma in the mail or an invitation to a signing event. Unless Wedgwood East
Neighborhood Association has recommended a lease please DO NOT sign it.
We have NOT recommended anything to review and sign yet.

A new lease
If a negotiated agreement is reached with Paloma then there will be a new lease that Wedgwood
East Neighborhood Association will recommend for your review/signing. We want this lease to
have provisions in it such as traffic and pipeline restrictions. We also want a signing bonus that is
in line with what other neighborhoods have received, not the signing bonus that is currently being
offered by the gas companies.

Where is Paloma drilling?
Paloma's proposed drilling locations are south of Alta Mesa. McCart at Sycamore School Rd
behind the closed Tom Thumb. Another possible site is on the west side of McCart between
Madrid and W. Cleburne Rd where they sell Christmas trees. These sites are good news
for us as they are far away from our area. We are fortunate that there are no close sites available
in our Neighborhood and with advancing technology these sites can reach further without the noise,

safety concern and disruption a closer site would bring.

So what do I do now?
Please just be patient. This negotiation may take time.
Again, you still may receive a lease from Four Sevens or Paloma in the mail or an invitation to a
signing event. Unless Wedgwood East Neighborhood Association has recommended that lease please
DO NOT sign it. We will let you know when the lease is available for you to review and sign
if you so choose.

We appreciate our residents who have let us know about the leases and signing events they
have received. It helps us track activity and to go to these companies with valid information.
It really makes a difference when you have good communication and the support of residents.

Thank you,
Wedgwood East Neighborhood Association Gas Lease Task Force

Please pass this information to your neighbors who may not have email.