Carroll Signs Gas Deal for $11,400 per Acre
Amount More than Double the GCISD Per Acre Bonus
Carroll officials finalized a natural gas lease with Chesapeake Exploration last week that pads the district’s wallet with an extra $4.58 million.
Many neighborhoods in Grapevine, Colleyville and Southlake — at least 50 — have been contacted about leasing their mineral rights to allow drilling for natural gas. The Grapevine-Colleyville school district has also contracted for gas extraction from 437 acres of its land and the Carroll school district is in the process of completing a similar agreement that could involve 400 acres in that district. Land includes numerous campuses in both districts, but well sites will not be located on campus.




