Town-owned mineral rights
Where it standsThe council approved a mineral rights sale to SM Energy affiliates 4-3 on June 23, 2026, and SM Energy terminated the agreement on Aug. 19, 2026.
What's on the tableWhether the town keeps, leases or sells its mineral interests near the Draco well site and how it takes part in state hearings.
- The mineral rights agreement failed on a 3-3 vote on June 16, 2026, and passed 4-3 on June 23 after Councilmember Brian O'Connor asked for reconsideration. Town of Erie news flash, Council Approves Mineral Rights Agreement · Jun 23, 2026
- The Town of Erie was notified Aug. 19 that SM Energy was terminating the agreement and says the town remains the owner of its mineral interests in the area. Town of Erie news flash, SM Energy Terminates Mineral Rights Agreement · Aug 19, 2026