Metropolitan Water Company, L.P. ("Met Water") was established in 1999
for the purpose of developing groundwater resources. Find out more about Met Water.
During the past 15
years, Met Water has devoted a significant amount of time and resources
acquiring groundwater leases over the most productive areas of the
Carrizo-Wilcox Aquifer. Find out more
about our water leases.
Historically, the water resource market
in Texas has been dominated by government - cities and water districts.
This is especially true in the area of municipal and, for that matter,
industrial use. Find out more about Met
San Antonio Water Systems
On November 6, 2014, San Antonio Water Systems (“SAWS”) entered into
the Water Purchase Agreement with Abengoa to purchase 50,993 ac-ft
(45 MGD) of water from Groundwater Leases acquired by Metropolitan
Water Company, L.P. (“Met Water”) and which comprise the Vista Ridge
Met Water has acquired over 5,400 Groundwater Leases
which cover more than 115,000 acre of land overlying
the Carrizo-Wilcox Aquifer in Burleson and Milam
Counties, Texas. Met Water started leasing
groundwater rights in this area in December 1999.
During the past 15 years, Met Water’s approach to
developing the groundwater resources has been so
well received by the landowners that Met Water has
averaged signing one new Groundwater Lease each and
every day of each and every month.
Water District Permits
Post Oak Savannah Groundwater Conservation District
(“POSGCD”) is the regulatory body which regulates
the development of the groundwater resources of
Burleson and Milam Counties and issues the
appropriate drilling, production and transportation
permits. POSGCD has issued the necessary Permits
for the development of 70,993 ac-ft/annually from
Groundwater Leases in the Porters Branch Groundwater