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Community
Meetings Scheduled as Tecton Prepares to Drill Eight Exploratory Wells
in Galisteo Basin Editor’s Note: The Sun News provides this informational message without endorsing the proceedings or the drilling in the Galisteo Basin. SANTA FE, NM - Tecton Energy, an energy company preparing to drill eight exploratory wells in the Galisteo Basin, has scheduled public meetings to exchange views with landowners and concerned citizens of Santa Fe County. The meetings will be held on October 4 and November 1. The October 4 meeting will be held in the cafeteria of Turquoise Trail Elementary School on NM Highway 14 from 6 p.m. to 9 p.m. The November 1 meeting will be held at the Genoveva Chavez Community Center on Rodeo Road from 5:30 p.m. to 8:30 p.m. Bill Dirks, managing partner of the Houston-based exploration and production company, said the meetings reflect the company’s policy of openness, commitment to low-impact development of drilling sites and eagerness to share information with the public. Dirks said the company is committed to participate in a two-way exchange with all stakeholders. The company is holding the meetings voluntarily as a part of its planning process and intends to incorporate public concerns expressed in the meetings in its application to drill to be made to Santa Fe County and the State in November. In addressing some previously expressed concerns, Dirks said, “Our techniques are clean, low-impact and designed to protect the environment and groundwater resources.” But, he added, to ensure public safety Tecton will, with permission from the landowner, monitor nearby groundwater wells before, during and after the work to ensure the drilling process in no way harms local groundwater. Dirks said Tecton will use the meetings as opportunities to present its plans and credentials as an environmentally responsible company employing the latest technologies available to ensure safe and clean operations. The meeting will cover Tecton’s plan to save natural resources through low-water utilization techniques and the use of recycled water. The company will also present plans to eliminate pits by utilizing a process known as a “closed loop” drilling system. Tecton will discuss its use of hydraulic fracturing at the meetings. “We want people to know that we’re planning fracturing processes that don’t use toxic substances, and that our designs minimize the use of freshwater,” Dirks said. He added that the distance between geologic formations targeted by Tecton and local aquifers further minimizes the potential of damaging groundwater resources. As a matter of policy, Tecton has pledged to respect and comply with all governmental laws and regulations; to conduct all required studies and abide with all reporting requirements and to restore the land to its original condition when the drilling and extraction process is completed. It continues to work actively with landowners, under the requirements of the State’s newly-enacted Surface Owners Protection Act, to negotiate surface utilization leases. A small meeting with directly-impacted landowners and other key stakeholders, previously set for September 20, was cancelled when additional nearby landowners and environmental groups sought to be included in the first meeting. These larger public meetings will replace the cancelled event and are open to all concerned individuals. Tests have confirmed that oil is present in the Galisteo Basin area. It is part of the so-called Rio Grande Rift, which extends from Southern Colorado to El Paso, Texas. According to Dirks, the portion of the rift between Santa Fe and Socorro may contain one of the largest hydrocarbon resources in New Mexico, containing 50 to 100 million barrels of light sweet crude oil and 5 to 10 trillion cubic feet of natural gas. If so, development of these resources is commercially viable and inevitable. About Tecton: Tecton is engaged in the business of exploring for and developing oil and natural gas in the U.S. and Canada. Backed by Quantum Energy Partners of Houston and Jefferies Capital Partners of New York, along with the management team and employees of Tecton, Tecton has raised equity funding totaling $132 million. For more information on the Company and its activities, please visit Tecton’s web site at www.tectonenergy.com or contact Bill Dirks or Jack Schanck at (281) 668-8066. Readers interested in local opposition may wish to visit www.DrillingSantaFe.com |
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