Dover City Council modifies terms of oil and gas lease

Dover City Council members approved an agreement on Monday with Lake Region Oil of Dalton to modify an oil and gas lease for 70.11 city-owned acres in the vicinity of Dover Burial Park, according to The Times-Reporter. With a $3,500 per acre signing bonus, the city will net about $245,000 – along with 17.5 percent royalties – for a well that will not be drilled on city property, the article said. For more, read the full story.