Florida Governor Ron DeSantis opens in a new windowannounced on Wednesday that he had reached a deal with a private company to purchase Everglades acreage on which it had proposed to drill a wildcat well in an attempt to find oil.
The company, Kanter Real Estate LLC, had originally applied for a permit to drill the exploratory well in 2016, targeting the lower Sunniland carbonate formation that underlies much of Southern Florida. That permit was initially declined by the state’s Department of Environmental Protection (DEP), but the state’s First District Court of Appeal opens in a new windowoverruled that decision last February, sending it back to the DEP for further consideration.
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See original post opens in a new windowhere. Courtesy of Forbes.