Albuquerque Journal:
Saturday, November 08, 2008
By Sean Olson
Journal Staff Writer
"SunCal Cos. is now claiming sole ownership of brackish water beneath its West Side property, a claim Atrisco Oil and Gas made in July.
In an application to the Office of the State Engineer filed late last month, SunCal claims it retains all water rights on its land under an agreement with Atrisco signed in December 2006. The agreement was part of a $250 million deal for SunCal to buy the land formerly held by the Atrisco land grant heirs in its corporate successor Westland Development Co.
Atrisco CEO Peter Sanchez said New Mexico water law is clear that the water source belongs to Atrisco.
"I think their claim is an example of some of the confusion right now due to the lack of law and jurisdiction over these issues," Sanchez said." More>>>>
Saturday, November 08, 2008
By Sean Olson
Journal Staff Writer
"SunCal Cos. is now claiming sole ownership of brackish water beneath its West Side property, a claim Atrisco Oil and Gas made in July.
In an application to the Office of the State Engineer filed late last month, SunCal claims it retains all water rights on its land under an agreement with Atrisco signed in December 2006. The agreement was part of a $250 million deal for SunCal to buy the land formerly held by the Atrisco land grant heirs in its corporate successor Westland Development Co.
Atrisco CEO Peter Sanchez said New Mexico water law is clear that the water source belongs to Atrisco.
"I think their claim is an example of some of the confusion right now due to the lack of law and jurisdiction over these issues," Sanchez said." More>>>>
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