Chickashanews.com

Top News

October 9, 2013

Chickasha to hold mineral lease auction

CHICKASHA —

The Chickasha City Council voted Monday to hold a public auction to lease more mineral rights around Lake Chickasha on Oct. 21.

Chickasha Mayor Hank Ross said Chickasha has already leased the mineral rights to a vast majority of a 4,000 acre piece of land near Chickasha Lake. He said the area is going to be used for oil exploration and should the lease holders strike oil or gas, the City of Chickasha would  receive 3/16 of the revenue.

This new section of land the City of Chickasha is going to auction off in two weeks time is an 80-acre tract. 

Ross said the city doesn't know who will end up leasing the land, but he said that a bunch of land man companies will bid in two weeks for the acreage.

1
Text Only
Top News
Twitter Updates
Follow us on twitter
AP Video
Raw: Magnitude-7.2 Earthquake Shakes Mexico City Ceremony at MIT Remembers One of Boston's Finest Raw: Students Hurt in Colo. School Bus Crash Raw: Church Tries for Record With Chalk Jesus Raw: Faithful Celebrate Good Friday Worldwide Deadly Avalanche Sweeps Slopes of Mount Everest Police Arrest Suspect in Highway Shootings Drought Concerns May Hurt Lake Tourism Vermont Goat Meat Gives Refugees Taste of Home Calif. Investigators Re-construct Fatal Bus Cras Mayor Rob Ford Launches Re-election Campaign Appellate Court Hears Okla. Gay Marriage Case Author Gabriel Garcia Marquez Dead at 87 Chelsea Clinton Is Pregnant Flamingo Frenzy Ahead of Zoo Construction Crew Criticized Over Handling of Ferry Disaster Agreement Reached to Calm Ukraine Tensions Boston Bombing Survivors One Year Later
Poll

Judging by our slow start, do you believe May will be a rough weather month?

Yes
No
     View Results