Thursday, August 11, 2011

Schools leasing their land for drilling purposes.

"The Mountain View School District leased 96 acres of its land to Cabot in 2009 for $5,750 an acre, or more than $500,000. Cabot is limited to subsurface activities on school property from a well pad on an adjacent site and the district will receive 20 percent in royalties from the agreement. Zick will receive 12  percent in royalties from the operation."

The complete article can be found here 

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