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Board approves oil-and‑gas lease with Incline Energy; counsel says terms better than forced pooling
Adams 12 Five Star Schools Board of Education · January 22, 2026
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Summary
The board voted to accept an oil‑and‑gas lease with Incline Energy 3, LLC that counsel said includes an $11,500/acre bonus (total ~$104,868.47) and a 20% royalty; counsel recommended approval to avoid less‑favorable force‑pooling outcomes.
The Adams 12 Five Star Schools board voted Jan. 21 to accept the conditions of an oil‑and‑gas lease with Incline Energy 3, LLC after outside counsel summarized negotiations that improved the district’s financial terms.
Counsel (Matt Sura) told the board that a competing initial offer had been ~$4,000 per acre with an 18% royalty,…
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