Drilling in Tulsa

[Gaspar]

I love the little pump-jacks in Oklahoma City parking lots and medians.  Exactly why haven't we moved on this before?


TULSA, Okla. (AP) - Several industry experts are volunteering their time to help Tulsa examine whether it's worthwhile to allow oil drilling on city-owned property.

The idea for the plan is to determine whether enough revenue could be produced to defray budget concerns including $1.6 billion in needed street repairs.

Petroleum geologist Don Burdick says he has assembled a group of oil and gas experts who can help the city's Legal Department dig through documents on mineral rights and also scout out possible drilling locations.

Oklahoma City earns about $3.45 million annually in royalties from oil and gas operations on city-owned land, but the practice is prohibited in Tulsa by an ordinance created in 1906.

[Friendly Bear]

quote:Originally posted by Gaspar

I love the little pump-jacks in Oklahoma City parking lots and medians.  Exactly why haven't we moved on this before?


TULSA, Okla. (AP) - Several industry experts are volunteering their time to help Tulsa examine whether it's worthwhile to allow oil drilling on city-owned property.

The idea for the plan is to determine whether enough revenue could be produced to defray budget concerns including $1.6 billion in needed street repairs.

Petroleum geologist Don Burdick says he has assembled a group of oil and gas experts who can help the city's Legal Department dig through documents on mineral rights and also scout out possible drilling locations.

Oklahoma City earns about $3.45 million annually in royalties from oil and gas operations on city-owned land, but the practice is prohibited in Tulsa by an ordinance created in 1906.

If Tulsa could garner $3.45 million per year in O&G royalties, we'd just about break-even on the new debt service on the One Technology Center/New City Hall.

[:O]