ABILENE, Texas — The city councils in Abilene, San Angelo and Midland will vote Tuesday on an agreement for a new water source.
The interlocal agreement between the three cities would be to buy water from Fort Stockton Holdings, L.P. ,which is owned by the family of the late oil tycoon and gubernatorial candidate Clayton WIlliams.
FSH owns a permit that allows it to produce 28,400 acre feet of groundwater annually from the Edwards-Trinity Aquifer in Pecos County.
The City of Midland signed a contract to buy that water. It allows Midland to transfer portions of the contract to Abilene and San Angelo.
The water would be divided up as follows:
NOTE: An acre foot of water is equal to 325,851 gallons.
The cities would pay:
$0.30625 per 1,000 gallons until January 1, 2025
$0.3425 per 1,000 gallons from January 1, 2025 - December 31, 2029
$0.55 per 1,000 gallons from January 1, 2030 to January 1, 2031-2070
The cost of the 70-year contract-- according to the City of Midland -- is $261,089,061.