Land office turns to private sector to develop water as new revenue stream
Revenues from the crude and natural gas found in the Delaware Basin are flowing into state coffers, benefiting the state’s general fund, transportation funding and the state’s public schools and universities, among others.
Now, water is about to be added to the resource riches found in the Delaware that will benefit the state’s residents. The Texas General Land Office has signed a long-term agreement with Layne Christenson Co. to develop non-potable water resources owned by the office in Reeves and Culberson counties.
“Part of this emanated with (Land Commissioner) George P. Bush, who wanted to create more revenue streams,” J. Michael Anderson, chief financial officer and president of Layne Water Midstream, said in a phone interview from his office in The Woodlands… Read more from MRT.com