SHERBURNE – The Village of Sherburne plans to sell up to 100,000 gallons of water per day to Norse Energy, Inc. in what Mayor William Acee described as “a tightly written contract.”

The village was approached approximately a year ago, and the agreement was reached in August.

Acee said the village could earn as much as $400 per day based on water rates for the amount. Because it takes approximately 15 days to drill a well, and Norse tentatively plans to use Sherburne’s water to drill four wells, the village stands to reap about $24,000.

The mayor described the potential windfall as “a substantial amount.”

According to Chenango County Planner Rena Doing, the Norwegian company could be planning to truck the water to newly-permitted vertical well sites in Afton and Coventry. The formation targeted is the Marcellus Shale, but because the wells are vertical rather than horizontal, Norse is not being held up by still to be determined state permitting regulations.