HomeMy WebLinkAbout7424 - Termination of Unproductive Oil LeasesRESOLUTION NO. 7424
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
• OF NEWPORT BEACH SUPPORTING SENATE BILLS 1326
AND 1327 RELATING TO TERMINATION OF UNPRODUCTIVE
OIL LEASES
WHEREAS, in many parts of this State there are lands
devoted to marginal oil production activities, which are
located in heavily populated urban areas; and
WHEREAS, the management, development, and operation
of lands as a unit for the production of oil and gas aids in
preventing waste and increases the ultimate recovery of oil and
gas; and
WHEREAS, due to the language contained in many older
oil leases and rights of entry, it is extremely difficult for
the owner of the surface rights of lands located in depleted
and uneconomic oil fields to proceed to terminate such leases
and rights of entry; and
WHEREAS, such economic uses and restrictions have had
an economic and social blighting effect on important urban areas
by preventing the development of land within such areas to its
highest and best use; and
WHEREAS, Senate Bills 1326 and 1327 have been intro-
duced in the State Legislature for the purpose of providing an
orderly procedure for the termination of unproductive oil leases
and unneeded rights of entry, as well as for unitization under
special circumstances;
NOW, THEREFORE, BE IT.RESOLVED by the City Council of
the City of Newport Beach that the Council strongly supports the
enactment into law of Senate Bills 1326 and 1327.
ADOPTED this 17th day of May, 1971.
ATTEST:
o"
n
City Clerk f
C D AS THE RIG
_ EACH e
61iY CLERK OF THE CITY OP NEWP BE
MAY 21 1978
®Aral _.._.__.
THS:adw
5/11/71