- Water Use Agreement questioned
- Lake Sharon HOA Board of Directors is seeking legal counsel
Read on for the details:
The “Water Use Agreement”, upon which XTO is apparently relying their authority to take water from Lake Sharon, was originally signed on April 22, 2008. The agreeing parties in the Agreement were Braden Exploration, LLC and 777 Lakes LP, signed by Zena GP 3 LLC, its General Partner. Zena was, and is, the original developer of Lake Sharon Estates. Of particular interest in the Agreement is a statement made within paragraph iii of the Recital, wherein it is stated “Braden contemplates the drilling and completion of one or two wells, (emphasis added), on the Lands (the “Well(s)”), and would like to take water from the Lands for use in a multi-stage completion of each of the Well(s)”.
This fact is particularly interesting because, as stated during the last Council hearing of April 15 by XTO representative Robert Manthei , XTO could drill “up to 20 or more” wells at the current site. This apparent earlier understatement of one or two wells contemplated, may lend credence to the often heard complaints from Lake Sharon homeowners who state that they were told by Braden representatives during the solicitation of their leases, that there would be “one drill operation at a site far away from the current site”.








