Friday, July 25, 2008

Atrisco strikes brackish gold




"A company drilling for natural gas on Albuquerque's West Side has struck another valuable commodity — water.

Atrisco Oil & Gas drilled into an aquifer believed to be 50 square miles in size and at least 1,000 feet deep, said Atrisco CEO Peter Sanchez. There's sand throughout the aquifer, so it's unclear how much water it contains, but it's a huge find nevertheless, he said.

"It's a very good bit of news" for the Albuquerque area, which by many accounts has already exceeded the available water for its current population, Sanchez said. The discovery of a large aquifer could make it easier to accommodate the anticipated growth of another 100,000 homes on the West Side in the next 20 years, he said.

The drilling occurred on land north of Interstate 40, between the Rio Puerco and the extinct volcanoes on Albuquerque's western rim, Sanchez said. The area has been explored in the past, and a great deal of geological information has been amassed, he said. When Tecton Energy LLC drilled a 7,900-foot-deep well last year on land it leases in the area, it expected to hit a pocket of natural gas, Sanchez said. "It turned out to be a large reservoir of water."' More>>>>

Agreement, Dated September 17, 2006 Between Westland and Tecton

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