Officials approve fracking on town-owned property
Published: January 4,2013
CALEDONIA — Caledonia officials will allow an oil company to a fracking process to drill on town-owned land.
The Commercial Dispatch reports the town signed an agreement with Fletcher Petroleum Corp. of Fairhope, Ala. The town received $100 for a three-year lease on a three-quarter-acre parcel.
Hydraulic fracturing involves drilling horizontally instead of straight down, using high-pressure jets of water, sand and chemicals to split the shale and release previously unreachable reserves of natural gas and oil.
Foster Kennedy, who represents Fletcher Petroleum, says he has worked on more than 100 wells that use the process and has never encountered a safety issue related to fracking.
Mayor George Gerhart said he believes the fracking process was safe “as long as the process is done correctly.”
Kennedy said there are several other wells in Caledonia, and at least two of them are still producing. He said all of them were erected without incident. However, the current fracking process was not used during the drilling of those wells.
No startup date has been announced by Fletcher Petroleum.
To sign up for Mississippi Business Daily Updates, click here.
One Response to “Officials approve fracking on town-owned property”
Top Posts & Pages
- Locker doors opening for Clinton inventor after ‘Shark Tank’
- Barbour to lead Butler Snow economic development firm
- Kemper plant employee gag order continued
- The leadership styles of President Obama
- ASA postmortem: industrial recruiting is a constant cycle of death and life
- JOSH MABUS — Inbound marketing is fueled by wishful thinking
- (UPDATE) Prison won’t interrupt ex-prison chief’s retirement cash flow
- (UPDATE) Judge rules on Google request on attorney general inquiry
- Delta State conference brings renowned speakers