Fort Worth school trustees approve two contracts with Chesapeake

Posted Tuesday, May. 14, 2013  comments  Print Reprints

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School trustees approved a two-year lease agreement with Chesapeake Exploration on Tuesday for gas development on two pieces of district property.

Chesapeake submitted the only sealed bid for Scarborough-Handley Field, 6201 Craig St., and Jean McClung Middle School, 3000 Forest Ave. Chesapeake agreed to pay $2,000 per acre for 20.67 mineral acres for a bonus of about $41,340 plus a royalty of 25 percent of the value of the gas produced.

The well site is more than 5,000 feet away from the nearest campus, administrators said.

In another vote, trustees agreed to grant a subsurface easement of about 1,687 feet under the east parking lot and stadium at Farrington Field at University Drive and West Lancaster Avenue. Chesapeake agreed to pay $35 per linear foot plus $400 for expenses. The agreement is contingent on the company signing a lease with a nearby property owner, trustees were told.

Three trustees who were uncontested in the May 11 election took the oath of office. Sworn in were new District 8 Trustee Matthew Avila; T.A. Sims Sr., first elected in 1983 to represent District 4; and Norman Robbins, first elected in 2004 to represent District 7.

Runoffs in races for the District 1 and 9 seats will be June 15.

Trustees also approved the school district’s five-year strategic plan.

Jessamy Brown, 817-390-7326; Twitter: @jessamybrown

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