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Water
Rights |
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Water rights
might be the greatest asset associated with this land.
The Coconino Water Aquifer holds over 250 Million acre
feet of water. It is fed by the rain and snows that accumulate
in the White Mountains of Arizona and New Mexico. The
property is directly over the center of this aquifer.
APS, SRP, TEP and other utilities have built power plants
on this aquifer within eyesight to the east and west of
NZ lands. Abatibi, the largest paper producer in the Southwest
is also located within 10 miles of some of this property.
These large corporations conducted water studies in the
1960’s proving up this tremendous source of high
quality water. They have subsequently greatly expanded
their plants and TEP is in the process of expanding the
Springerville plant by 50% over the next 3 years. APS
currently pays $40,000 per year to NZ to water mine the
Joseph City parcels. NZ recently contracted with a local
well driller to develop 10 commercial wells capable of
pumping 1000 to 3,000 gpm in a geographically diverse
pattern. Short-term, these wells will be used for agricultural
purposes but ultimately they will probably provide municipal
potable water for a new metro area. Montgomery and Associates
in Tucson are consulting with NZ to understand the water
potential of this land. Montgomery has identified well
locations to the driller in the following map: |
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To learn
more about the NZ water strategy, view the following
links:
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APS Lease Joseph
City
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New Well
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Surface Rights
-
Coconino Acquifer
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