Are you a part of The KRMG Insider? Sign in or join now. Why join?
Find a problem with our new site? Tell us!
Text size: A A A
KRMG Local News

City Land Gas Deal

By
Marshall Stewart
@ June 24, 2008 11:32 AM
Permalink | Comments (1) | TrackBacks (0)
(Tulsa, OK) -There might be oil or gas deposits beneath city of Tulsa land. Councilors are expected to take the first step toward recovering it this week. They're to sign a deal with Red Fork Investments, giving the energy company a lease to explore for natural gas below city owned land in Mayes County. The acreage is along the Spavinaw water flowline. The city would make money through lease fees and royalties. It could lead to more oil and gas exploration under other city property. It's an idea first recommended by a citizen's group studying ways to finance street and other infrastructure projects.


0 TrackBacks

Listed below are links to blogs that reference this entry: City Land Gas Deal.

TrackBack URL for this entry: http://krmg.com/blogging/mt-tb.cgi/3075


Avg. rating: N/A

What others are saying

  • FIX 'EM!
    You know, what doesn't line the pocketbook of our extraodinarily wealthy mayor needs to at least pay to fix our streets! I wanna know more--and expect that the city doesn't go back to a "good ole' boy" system of government!

Tulsa weather

Partly Cloudy
90°F
5-day forecast
advertisement

Marketplace

Videos
Find useful information on products and services of local companies in the Greater Tulsa Area through Videos!
careerbuilder Local Job Guide
Whether you want a new job or a new career, you can find it in our Local Job Guide
"Pick Your Bundle" ! Get Essentials, Plus, or Ultra from Cox Cable - your friend in the digital age!
advertisement