CR A, Silverton, TX 79257 - Briscoe County

Energy Farm III

State: Texas

Region: Panhandle

County: Briscoe

Property Type: Irrigated farm with Energy Production Potential

Acres: 122 acres more or less

Taxes: Approximately $400.92 annually.

Location: 8 miles south and mile west of Silverton, Texas

Major wind-energy projects are anticipated to be completed in Briscoe County within the next few years. Briscoe County is part of the Panhandle A CREZ (Competitive Renewable Energy Zone) and will have a collection station (approximately four miles southwest of Silverton) and four 345kV transmission lines that are scheduled to be constructed by the end of 2013. Beginning in 2006, several major wind-energy companies paid substantial amounts for 7-year options to lease large acreages in the Silverton area for the placement of wind turbines. These wind turbines are expected to begin coming online as soon as the construction of the collection station and transmission lines is completed.

Shell Wind Energy, Inc signed a 7-year option agreement to lease this property. Details of this option agreement will be provided to qualified buyers who sign a non-disclosure agreement with Shell Wind Energy. The owner of the property is willing to convey all wind energy rights and all minerals rights presently owned by property owner.

This property is an irrigated farm with 7 wells with submersible electric motors and pumps. The land is farmed by a tenant that row waters approximately half of the acres each year. It is located on the north side of CR A approximately 1 west of Hwy 207.