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.”