There is NO cleanup needed. Before I bought the property, I had an expert do a study on the land (which Coconino did not buy anyway) and was comfortable with his assessment that no cleanup was needed. The Texas Railroad Commission required that we backfill a pit, and that work was done and the Texas Resource Conservation Commission required that we romove a five gallon bucket of some chemical. That is it. The leases that I sold to Coconino were leases that I paid for and owned. Oil and Gas Mineral leases are just that , oil , gas, and other minerals, no land. If there were an EPA cleanup required, the EPA always goes back to the entity that caused it, in this case, IF there were a cleanup needed, Exxon would be responsible. If you do not have a fax, borrow one, or use a service, or call me at 940-825-3034.
I will be more than happy to answer any questions that you or anyone else may have about this and will provide you with the documents to back it up.
Mike |
