Palmyra Twp. OKs gas-oil lease

By Melissa Burnor

The Palmyra Township Board approved a gas-and-oil lease with Savoy Energy at a special meeting Thursday , Dec. 27.

Steve DuPuie, landman from Savoy Energy, presented the township board with leases that had been reviewed by township attorney Frank Riley prior to the meeting. The township is leasing its oil-and-gas rights to property on Carleton Road. Savoy Energy is currently operating oil wells in the area.

One is on property in the vicinity of the property. DuPuie said that in order to drill horizontally from that site, the company was attempting to secure a wider area of leased property and the township’s parcel falls within that area.

“The lease does say there will be no wells drilled on the property,” Isley said.

Copyright 2013 River Raisin Publications, Inc. For the complete story, please see the Jan. 2, 2013, edition of The Advance.