Oil Drilling Near Midland County Roads Could Help With Taxes 10/15/13
CBS 7 News
At yesterday's Midland commissioners court meeting, an oil company proposed a deal for the county they couldn't resist.
"It's a win win for the citizens and the oil company," says County Commissioner Randy Prude.
Prude says the county has mineral rights for some of the roads they own. If the county leased out the mineral rights for the oil companies to use, the county would make revenue from loyalty fees. That means the county would ask for less money from taxpayers.
Prude says the great part of it is that no disruption would come to the actual roads itself. The drilling would take place away from the right of ways where the minerals are.
Prude says the part the oil company was talking about was about 8 acres long and near to the airport. He says the next steps, are to write up a purchase agreement for the paper, and let companies make bids to get the smartest choice for the county.