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Southwest Fort Worth Alliance, which just weeks ago announced one of the largest single leasing deals of the urban leasing boom, says its deal with Vantage Energy and Caffey Land is off. The group held a meeting last night and has posted the following notice on its web site:

SWFA recieved correspondence from Vantage Energy today that states the following:

"Due to the market turmoil, combined with the drop in natural gas prices, it is no longer possible for Vantage Energy to lease acreage on a broad scale in the Southwest Fort Worth Alliance area at the current terms being offered."

The alliance is working to post a copy of the complete letter received from Vantage Energy, and will have more information for you soon.

-- Jim Fuquay

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