Arlington City
Council (on April 24, 2012) DECIDED in FAVOR of the Overcoming Faith Drill Site
which will allow EDGE Resources to produce your minerals, inject much needed
revenue in to the City, and fulfill your goal of obtaining royalties. The site
which will be located at 4700 Eden Road at Hwy 287, passed with a 5-2 vote. This
drilling site has a high percentage of approval from the property owners in
this area, as well as full support from the nearby Overcoming Faith Church. (We
refer to this location as the service area for residents living in Hot Spot 1,
located in zip code 76001).
Meanwhile
the price of natural gas is at an all-time low of $2.24, so we are not sure of
the time line for drilling at this site, at Eden and Hwy 287. This site has been reviewed and scrutinized to
fit in with the landscape, will have a nearby trail furthest away from the pad,
and a tremendous amount of planning went into this site to make it neighborhood
friendly and a win-win for all.
The other
two proposed pad sites that would have served 76001 and 76017:
The
McDonald’s site and the Rush Creek site have been delayed and defeated, respectively
and no pad sites will be built to accommodate drilling for these areas. (We
refer to the McDonald’s location as the service area for residents living in
Hot Spot 2, zip code 76001 and 76017). The Rush Creek site was defeated in
Arlington City Council 1/25/12, which would have served those residents from
the potential pad site at Bowen and Barden, just South of IH-20, in zip code
76017.
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