001142: The Geometry type option is invalid with a Basic or Standard license.

Description

Only RECTANGLE_BY_AREA and RECTANGLE_BY_WIDTH geometry types are available with an ArcGIS Desktop Basic or ArcGIS Desktop Standard license; all other geometry types require an ArcGIS Desktop Advanced license. See tool reference for more details.

Solution

Specify RECTANGLE_BY_AREA or RECTANGLE_BY_WIDTH geometry type.