Saturday, July 5, 2008

Dogwood Homeowners go with Twin Cities Development

According to The Times, the Dogwood Homeowners Association is recomending that their members sign Oil & Gas Leases with Twin Cities Development.

That offer is $8,750 per acre if 90 percent of the Dogwood community in Haughton signs leases with the company to develop possible underlying natural gas pockets called Haynesville Shale under their properties.
"Almost everybody is signing," said Dianna Judd, a Dogwood board member.
When making their recommendation, Dogwood Homeowners Association members said people kept calling and asking what to do.
"So we had a meeting and negotiated and our best deal was with Twin Cities," Judd said.

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