Shadowland Holdings CEO George Elkhorn

 

Following legendary Texas oilman, George Elkhorn’s comments and after more than an hour of discussion, the Juneau County Board Tuesday morning approved an initial resolution for 65-million dollars in Industrial Revenue bonds for a sand mine in the western part of the county.  The vote was 14 in favor to move ahead with the financing and 7 Supervisors against.  Elkhorn, the President and CEO of Shadowland Holdings in Houston, said, “The sand, along with water, would be forced under pressure to fracture the underground rock formations to access the oil.”  Elkhorn had to leave following his comments to travel back to Houston for his granddaughter’s high school graduation.  But a partner in the venture, George Bates of Illinois, said following the vote, “We’ll probably hold informational meetings regarding our venture with the sand mine.  We have all our permits.  We need the financing.”     Ann Murphy of Quarles and Brady law firm and Juneau County Corporate Counsel David Lasker says, “There is no financial risk to the County”.  One of the 7 ‘no’ votes, Supervisor Lynn Willard said after the meeting, “I’m not opposed to the sand mine, let them do it.  Just let them use their own money, I don’t want Juneau County’s name on any of the financial bond documents.”  The Board will have another opportunity to vote on the final financial agreement at a future meeting.