Water Resources & Services
Pure Cycle has water assets located in the Denver, Colorado metropolitan area, Southeastern Colorado in the lower Arkansas River Valley, and the Western slope of Colorado. The majority of our water rights (which are our "Rangeview Water Assets" - located in the Denver metropolitan area and our Arkansas River water assets) are anticipated to be used to deliver wholesale water services to our customers, which are local government providers of water services to their end-use customers for primarily residential uses throughout the Front Range of Colorado.
Recycle - Reduce - Reuse
Pure Cycle Corporation is committed to thinking outside the box when it comes to designing and operating a sustainable and economically friendly water / wastewater system. Our dual distribution systems allow us to utilize our clean potable water for indoor demand, collect, treat, store and return reclaimed water for outdoor use, greatly reducing the amount of water that is wasted by a traditional water system. We also have designed our systems to include the use of individual rain meters which will shut off irrigation systems in the event that natural precipitation exceeds specified amounts and we will utilize the latest technology for leak detection and automated meter relaying systems to reduce the number of traditional meter readers required to be driving and using precious fuel. We will encourage the use of efficient appliances (showers, toilets, washing machines, etc) and anticipate offering an incentive program to our local government water service provider customers to encourage their customers to buy lowflow products.
Sky Ranch
See the Sky Ranch page for information regarding our acquisition of Sky Ranch
Lowry Range
The Lowry Range water assets include a combination of approximately 26,000 acre feet of deep groundwater, over 8,100 acre feet of surface water in two tributaries Coal Creek and Box Elder Creek (which based on an average precipitation year yield approximately 3,311 acre feet of water), and 29,000 acre feet of surface reservoir storage rights. The company manages its groundwater supplies in conjunction with its surface water supplies and surface water storage rights to provide reliable, high quality, wholesale water service to its local government water service provider customers.
Lowry Range Water Asset
25,961 acre-feet per year of Groundwater
8,125 acre-feet per year of Surface Water
(3,311 acre-feet average year yield)
29,262 acre-feet of Surface Storage
Arapahoe County Fairgrounds
We completed the expansion of our water system to provide water services to the Arapahoe County Fairgrounds in 2006. Since its July 21, 2006 opening, we have provided an uninterrupted supply of fresh water to the various events held at the fairgrounds location.. Here, you can see our 500,000 gallon water tank with the first phase of the county fairgrounds facility in the forefront.
Arkansas River
In August 2006 we completed the acquisition of approximately 60,000 acre-feet (approximately 40,000 acre-feet of "consumptive use") of Arkansas River water. This water is currently being used by the 80 farms (or approximately 17,500 acres) that we purchased in conjunction with the water. The Arkansas River water we acquired is represented by approximately 21,000 shares (over 22%) of the Fort Lyon Canal Company (www.flcc.net), which has water rights that date back to the early 1880's and has over 100,000 acre-feet of storage in two principal reservoirs: Horse Creek and Adobe Creek. We plan to utilize this water in conjunction with our Denver area-based water assets in order to enable our local governmental entity customers in the region to provide a sustainable water supply to their end-use customers in their Denver and Colorado Front Range markets. Additional information regarding our Arkansas River Water Assets can be found in our latest SEC filings, located on our Investor Relations section.
Paradise Water Supply
The Paradise Water Supply located on the Colorado River (approximately 60 miles east of the Utah border), includes conditional water rights to build a 70,000 acre-foot reservoir to store tributary Colorado River water, a right-of-way permit for U.S. Bureau of Land Management property at the dam and reservoir site, and four existing tributary water wells with a theoretical capacity to produce approximately 56,000 acre feet of water per year.
In our fiscal 2008, the well enhancement tool and process was completed and tested on two deep water wells developed by an area water provider with favorable results. According to studies performed by an independent water engineer, preliminary results indicate the well enhancement tool effectively increased the production of the two test wells by approximately 80% and 83%, respectively, over production of nearby wells developed in similar formations at similar depths. Based on the positive results of the test wells, we continue to refine the process of enhancing deep water wells and anticipate marketing the tool to area water providers.