This is an oasis of water! 161 Acres located between Midland and Odessa less than 5 miles to Midland International Airport. Approximately 1042’ of 1788-349 Commercial frontage. Property has 40 income producing water wells that pump from the Ogalala Aquifer. These wells tested 50,000+ bbls of H2O production. Pre-Development Hydrology report confirms annual production capability of 17.5 to 21 million bbls. 575,000 bbls open pit capacity with flat line delivery to 8 section O&G lease. A 3,000,000 cu yd caliche reserve (grade 1) is located on the far end of the property. Property is 90% Ag Exempt. Electricity is metered by a single primary meter, overhead lines were installed by seller and are owned by the property, eliminating electricity delivery charges for the wells. Contact listing agent for all hydrology reports, surveys, etc.
Copyright 2022, Northwest Louisiana Association of Realtors. All Information provided is deemed reliable but is not guaranteed and should be independently verified. Updated: 23rd March, 2023 11:39 PM (UTC)
Listing Agent: Brent Graves
Listing Office: ALLIANCE REALTY & AUCTION