This property has been under the same ownership since 1922. The property has over 12 million tons of coal, 8 natural gas wells have been drilled and all have been put into production. 2 of these wells have oil production also. 4500 acres of this property is in timber. A timber cruise and a reserve coal analysis are available.
There are no structures on the property. 8 natural gas well have been drilled with plans for 2 more. There are numerous roads and trails on the property. The property also has abundant water resources.
The property, located in Bell and Harland Counties, Kentucky, contains approximately 5,145 Acres and is being offered for $7,275,000. A timber cruise available on request indicates about 4545 acres of timber with 12,750,000+ BF of timber 16 inches in diameter and larger. A reserve analysis evaluation for the coal reserves of the property also available on request i...
The property, located in Bell and Harland Counties, Kentucky, contains approximately 5,145 Acres and is being offered for $7,275,000. A timber cruise available on request indicates about 4545 acres of timber with 12,750,000+ BF of timber 16 inches in diameter and larger. A reserve analysis evaluation for the coal reserves of the property also available on request indicates about 12,436,000+ tons of recoverable coal based on 50% of the potential reserves due to the uncertainty of the relatively unexplored region. At present, 8 natural gas wells have been drilled with plans to drill 2 more. 2 of these wells are producing oil also. The wells are leased to Evans Energy Corp for a 1/8th share to the owner of the property. The wells are expected to be brought on line producing about 100 MCF/day/well. The wells have a life expectancy of 25 years. It is unknown if Evans has plans to drill more wells on this property. These wells are the first of a 50 well project in the region that Evans Energy Company, LC and Premier Energy, LLC have undertaken to supply natural gas to portions of southwest Virginia and northeastern Tennessee. The project, known as the Stone Mountain Project, will be affiliated with Duke Energy Gas Transmission which is part of Duke Energy, a fortune 100 company headquartered in Charlotte, NC.
Disclaimer: Information above and contained in this report requires the reader to form opinions of value. Century 21 Superior Services,Inc. believes the information provided herein to be reliable, but makes no guarantee as to its accuracy or of the opinions formed. The information is subject to change or withdrawal, and is subject to prior disposition of the subject property without notice.
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