Special Oil and Gas Presentation which occurred on Wednesday, December 7, 2011. The City has not entered into any new oil and gas leases on City owned property following the acquisition of any of the properties. In addition, there are a total of 10 existing oil and gas wells on City owned property that existed at the time the City acquired the property. The City has been contacted by oil and gas developers about the potential of drilling wells on the City owned property where the developers either own the mineral interests or they have an existing oil and gas lease that preceded the City acquiring the property.
All Comments