Canada Authority to Acquire Groundwater Rights from Mesa

The Canadian River Municipal Water Authority (CRMWA) has entered into a preliminary agreement to acquire 211,000 surface acres of water rights owned by Boone Pickens and Mesa Water.

Under the agreement, CRMWA will pay $103m for four trillion gallons of groundwater in place in the Texas Panhandle, US.

CRMWA board of directors president Norman Wright said the acquisition of the groundwater rights, along with those owned by CRMWA, will reduce the company’s dependence on Lake Meredith as a source of supply.

CRMWA supplies 11 member cities in the Texas Panhandle and South Plains with water from Lake Meredith and the John Williams Wellfield in the Texas Panhandle.