Wells could bring $250,000 to MVSD first year

MINERAL RIDGE — The Mahoning Valley Sanitary District would receive an estimated $250,000 in natural gas and oil royalties the first year if wells are sunk on its property.

The MVSD board of directors received the information about the financial benefits today from Michael Nicol, managing member of NCL Natural Resources of Houston, Texas.

NCL is in partnership with Ohio Valley Energy Corp. of Austintown in a proposal to sink the wells around Meander Reservoir.

The MVSD draws water from the reservoir, treats it and sells it in bulk to Youngstown, Niles and McDonald for sale to their customers.

NCL owns the gas and oil rights under MVSD property.

The board has been considering allowing the drilling but is concerned about possible environmental contamination. It is being viewed as a money-making project.

For full story, see Thursday's Vindicator and Vindy.com.