File #: ID 25-388    Version: 1 Name:
Type: Ordinance
File created: 2/17/2025 In control: City Council
On agenda: 3/4/2025 Final action: 3/4/2025
Title: Consider adoption of an ordinance of the City of Denton a Texas home-rule municipal corporation, approving a gas pipeline Abandonment Agreement ("Agreement") by and between the City of Denton ("City") and EagleRidge Midstream, LLC, EagleRidge Energy II LLC, EagleRidge Operating, LLC, USG Properties Barnett II LLC, and Marubeni Shale Investment LLC ("Owners"), for the abandonment of Owners Facilities, within the County and City of Denton, Texas; authorizing the City Manager, to execute and deliver the Agreement; providing for the expenditure of funds based on cost estimates for pipeline and well abandonment work in a not-to-exceed amount of Five Hundred Ten Thousand Dollars and Zero Cents ($510,000.00); and providing for an effective date.
Attachments: 1. Exhibit 1 - Agenda Information Sheet, 2. Exhibit 2 - Ordinance and Agreement

AGENDA CAPTION

Title

Consider adoption of an ordinance of the City of Denton a Texas home-rule municipal corporation, approving a gas pipeline Abandonment Agreement (“Agreement”) by and between the City of Denton (“City”) and EagleRidge Midstream, LLC, EagleRidge Energy II LLC, EagleRidge Operating, LLC, USG Properties Barnett II LLC, and Marubeni Shale Investment LLC (“Owners”), for the abandonment of Owners Facilities, within the County and City of Denton, Texas; authorizing the City Manager, to execute and deliver the Agreement; providing for the expenditure of funds based on cost estimates for pipeline and well abandonment work in a not-to-exceed amount of Five Hundred Ten Thousand Dollars and Zero Cents ($510,000.00); and providing for an effective date. 

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