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HomeMy WebLinkAboutRESOLUTION 1987-380 [- Suggested by: Administration CITY OF KENAI I~SOLUTZON NO. 87-38 A ~ESOL~TION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, ALLONING ONq YEAR EXTENSIONS TO THE DRILLING PERMITS PURSUANT TO KMC 5.35.080 FOR CANNERY LOOP UNITS #1 AND #3 WELLS AS REQUESTED BY UNOCAL. WHEREAS, Unocal was granted a Drilling Permit for Cannery Loop Unit #1 well, effective January 17, 1979 and for Cannery Loop Unit 93 well, effective January 7, 1981, both which were subsequently certified as wells capable of producing in paying quantities, and WHEREAS, the above-described permit for Cannery Loop Unit 91 well was extended for one year by the City Council on request of Unocal on the grounds that a majority of the working interest share of gas in said units is bound by contractual obligations to be delivered in kind to Pacific Lighting Gas Development Company, and WHEREAS, by letter dated June 8, 1987, Unocal has requested additional one year extensions of the above-described permits. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, that the Drilling Permits for Cannery Loop Unit #1 and Unit 93 are hereby granted an extension for one Tear to July 1, 1988. PASSED BY THE COUNCIL OF THE CITY OF K~NAI, ALASKA this 17th day Of June, 1987. ATTEST: et Whelan, City Clerk L