Marietta considers leasing 95 acres to Protege Energy III

Marietta City Council recently heard feedback from city residents and other interested parties on a proposal from Tulsa-based broker Protege Energy III to "lease up to 95 acres of city property that would be included among 6,100 surrounding acres for a drilling operation that would be located on property near the city," The Marietta Times reports. MNW Energy LLC is "working with about 200 area landowners to put together a 6,000- to 7,000-acre block of properties in Washington County" for Protege to drill on. The deal on the table is for $4,750 per acre, plus a 17.5 percent royalty.

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