We own approximately 35,000 acres (55 square miles) of land and related high-quality groundwater resources in the Cadiz Valley of eastern San Bernardino County. Our property is one of the largest contiguous private landholdings in the region and is located in proximity to the Colorado River Aqueduct and an approved transmission corridor.
The aquifer system underlying this property lies at the confluence of two watersheds spanning approximately 1,300 square miles, an area nearly three times the size of the city of Los Angeles. It is naturally recharged by groundwater that originates as rain and snowmelt in the surrounding mountains. Experts estimate the aquifer system contains roughly 17-34 million acre-feet of pure, indigenous groundwater. The facilities required to operate the Cadiz Valley Water Conservation, Recovery and Storage Project, currently being developed in partnership with southern California water providers, would be located on a small portion of this property. About 9,600 acres of this property have been zoned for agricultural development; approximately 500 acres are currently under cultivation. We are currently considering plans to use additional portions of our Cadiz Valley property for solar energy development.
Our second largest landholding is comprised of approximately 9,000 acres in the Piute Valley of eastern San Bernardino County. This landholding is located approximately 15 miles from Laughlin, Nevada and about 12 miles from the Colorado River town of Needles, California. Extensive hydrological studies, including the drilling and testing of a full-scale production well, have demonstrated that this land is also underlain by high-quality groundwater. The aquifer system underlying this property is naturally recharged by rain and melted snow within a watershed of approximately 975 square miles.
We own additional acreage near Danby Dry Lake, approximately 30 miles southeast of our Cadiz Valley property. The Danby Lake property is located approximately 10 miles north of the Colorado River Aqueduct. Initial hydrological studies indicate that it has excellent potential for a sustainable, groundwater conservation and storage project. We are also considering using portions of this property for certain facilities of the Cadiz Valley Water Conservation, Recovery and Storage Project.