Friday, September 25, 2009

Santa Fe KSFR: What does Santa Fe Opera get out of oil/gas leasing deal? (Podcast)

(KSFR) -
-- Friends and fans of the Santa Fe Opera have already begun to react to the news that the Opera has leased out the mineral rights beneath more than 26,000 acres of land it owns in Mora and San Miguel Counties.

The lease arrangement, revealed in court documents obtained by two watchdog groups -- Drilling Mora County and Drilling Santa Fe -- shows the Opera would receive a one-eighth cut of any revenue from production, if it occurs.

We talk with Johnny Micou of Drilling Santa Fe to ask, is that is a lot? Officials of the Opera were not available to comment on the transaction.

Audio at

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