Hwy 207, Silverton, TX 79257 - Briscoe County

Energy Farm I

State: Texas

Region: Panhandle

County: Briscoe

Property Type: CRP with Energy Production Potential

Acres: 160 acres more or less

Taxes: Approximately $491.18

Location: 10 miles South of Silverton, TX

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 on April 25, 2007. 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 except for 50% of the royalty interest. In addition, the owner has all mineral rights to the property and is willing to convey 50% of these rights.

This property is an excellent dryland farm that has recently been enrolled in the Conservation Reserve Program (CRP) for 10 years for an annual rental rate of $39.10 per acre for 157 acres. There is one well for livestock water with a submersible electric motor and pump. The property is located 10 miles south of Silverton and has mile frontage on Hwy 207.