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Welcome to the website of the Hidden Lakes Gas Lease Committee.
 
The Hidden Lakes Gas Lease Committee is an independent group of residents working on behalf of the community and does not officially represent the HOA or Board.
 
Our goal is to provide a recommendation to the residents of Hidden Lakes regarding leasing the mineral rights of their property.

 
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BREAKING NEWS!!!! HL Gas Group reaches agreement with XTO. Signings begin Monday June 23. See below for more information.
 
Click here for a PDF copy of the signing schedule

The Contract has been removed from the website 

Latest News and Updates
 
Go to the "Update Archive" page for links to all of the HLGLC updates
The blog entries are archived monthly, to see the entries from a particular month, select the month below.

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Monday, July 21, 2008

July 13 HLGLC Update

Landmen doing the title search on Bloomfield should be done the end of this week, they tell us.Mailing of packets and signing party should come very shortly after they are done. A separate email to our Bloomfield neighbors will be sent out when we know the mailing date and signing party date/venue. Thank you for your patience!!

If you have not yet received a packet (and should have) from XTO (not Bloomfield), please call the landman assigned your village:

Retreat / Enclave - Vivian Smith, 817-870-0026
Idlewood - Shane Jones, 469-744-4251
Woodlands / Creekwood - Michael Smith, 682-553-5110
Ashbrook / Preserve - Carlos Aguilar, 817-986-3830

Checks started going out last week for the signing parties in June. Please set aside some of the bonus check for Uncle Sam. The bonus will be taxed at ordinary income rates. Royalties will be at a lower rate (need to do more research on that rate). City of Keller has announced that they, too, will be taxing the royalties once they start to flow.

Don't spend your bonus check before it arrives! There are many reasons why you might NOT receive your bonus check (already signed a contract, don't own your mineral rights, lien(s) on your home, etc.).

Colt Exploration tells us that they may either have another "makeup signing party" for those who were on vacation or invite those few to come to the Bloomfield signing party. We, of course, will keep you alerted on any scheduled signing parties!

In the meantime, you can always go get your received contract notarized and mail it back in the envelope that was included in your packet. UPS Store in Target center (at Davis & Precinct Line) charges $10 for notary service, BUT offers HL residents a reduced fee of just $6 (just tell themyou live in Hidden Lakes).

To view previous HLGLC updates, go to www.HLhoa.com, scroll down, click on gas lease committee link.

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