Ultra Resources, city officials plan to talk Monday

Oil Drilling Rig

Oil Drilling Rig

November 11, 2011 2:05 PM – THE GAZETTE – RICH LADEN

Ultra Resources and Colorado Springs officials, still at odds over Ultra’s plans to drill for oil and gas on the Banning Lewis Ranch, are meeting next week.

At Ultra’s request, company representatives will meet with city officials at 10 a.m. Monday at City Hall. The meeting will be closed to the public.

City Council President Scott Hente said Friday he doesn’t know Ultra’s agenda for the meeting, which he’ll attend.

Yet it’s expected Ultra wants to discuss ways to resolve a dispute over an annexation agreement that governs development of the Banning Lewis Ranch, which makes up much of the Springs’ east side. The agreement was put in place when the city annexed the property in 1988, but the company is seeking to have it set aside to clear the way for energy exploration on the property.

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