Salem exploring oil and gas lease
SALEM — The city has taken the first step toward a potentially leasing city property for the collection of oil and gas. During its meeting Tuesday, the city council voted unanimously to approve a resolution authorizing City Service Safety Director Joe Cappuzzello to request proposals and enter contracts for an oil and gas lease for all municipal owned property. Cappuzzello said the city had received inquiries about a potential lease from two developers with proposed rates of $4,500 to $4,750 per acre and that one of the companies had requested 1,200 acres. However, he said that as ...