What You Should Know About ‘Commitment Letters’

Some property owners in Ponderosa Hills have reported receiving Commitment letters from oil companies — specifically, Chesapeake Energy — wishing to drill for oil in the area. The Ponderosa Hills Civic Association strongly recommends that you carefully consider the rights you are giving up if you sign the commitment letter. Consult with  legal counsel and / or a mineral rights expert.

The Board will do everything it can to facilitate communication, but if you have neighbors without access to e-mail or a computer, please share what you know.

Respectfully,

The PHCA Board