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Great Southwest Next in Line for Gas Leases

GRAND PRAIRIE, TX-As gas exploration pushes east, the Great Southwest Industrial District goes into the spotlight. Commercial owners start to band together.

By Connie Gore | Updated on March 28, 2008

GRAND PRAIRIE, TX-One of the first gas drilling sites for the Barnett Shale in the Great Southwest Industrial District has brought together commercial property owners to develop one voice for negotiations. About 90 owners and tenants were on hand to learn about the ins and outs of mineral rights’ leases.

The meeting, ironically, was held on the eve of a press conference in Fort Worth focused on the Barnett Shale’s up-to-date economic impact on North Texas. The meeting is set for noon today in the city’s convention center.

Jim Hazard, vice president for Dallas-based Henry S. Miller Commercial, set up the special session as the quarterly meeting for the Great Southwest Industrial District Association. The organization’s vice chairman said the motivating factor was 10 to 12 calls after the site was announced and the first lease was signed by Demilec USA LLC, headquartered at 2925 Galleria Dr. in Arlington, for its seven-acre site at the corner of Galleria Drive and 109th Street. Hazard says the gas exploration company is targeting properties from Division Street north to Interstate 30 and the Great Southwest Parkway west to US Hwy. 360.

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