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Council postpones decision on proposed drilling production-sharing agreement with Civitas Permian
Summary
A proposed production-sharing agreement submitted by Bison Energy LLC on behalf of Civitas Permian Operating LLC for drilling in Reeves County was postponed at the council's request to allow the company to present details at a later meeting.
Parker Johnson, chief of government and physical management (city staff), told the council that representatives of Civitas Permian Operating LLC could not attend the meeting to present a proposed production-sharing agreement (PSA) submitted by Bison Energy LLC for drilling wells in Sections 15 and 16, Block 5, H & G Railroad Company Survey, Reeves County.
Johnson said staff recommended postponing the item so the company could meet with staff for a fuller briefing. Councilman Arona moved and a council member seconded to postpone the item to the second meeting in May to allow a company representative and staff to meet and present more information; the motion carried.
Ending: The proposed PSA will return to the council after Civitas Permian or its representative meets with staff and council members; no final action was taken at the April 24 meeting.
