Res 1120 10/8/1970RESOLUTION NO. // 0
WHEREAS, when the City of Wichita Falls constructed
Lake Arrowhead, it inundated parts of certain oil and gas leases
awned by Bridwell Oil Company, and several producing wells and
injection wells on such leases were located in areas which would
be flooded by said reservoir; and
WHEREAS, the City constructed certain derricks and
earthen production pads in the lake to accommodate these wells,
and, with Bridwell Oil Company' s consent, raised the wells up to
such derricks and pads; and
WHEREAS, Bridwell Oil Company has claims against the
City for reimbursement of certain expenses of Bridwell which were
caused by the lake, and the City and Bridwell desire to settle
these claims and to enter into a formal contract governing the
operation of such wells in the lake in the future.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN
OF THE CITY OF WICHITA FALLS, TEXAS, THAT:
SECTION 1. The settlement of Bridwell Oil Company' s
claims for compensation for additional expenses for all periods
down to and including August 31, 1970, for the sum of Eight Thousand
Eight Hundred Nine and 04/100 ($8,809.04) Dollars is hereby approved,
and the City Manager is authorized to pay such amount to Bridwell
Oil Company and effect such settlement.
SECTION 2 . That certain contract between the City of
Wichita Falls and Bridwell Oil Company governing the operation of
Bridwell' s wells in Lake Arrowhead is hereby approved, and the Mayor
is authorized to execute the same for the City of Wichita Falls.
PASSED AND APPROVED THIS the 8th day of October, 1970.
MAYOR
ATTEST:
CITY CLERK