Southwestern Water begins marketing Colorado opportunity

Dec. 20, 2002
Southwestern Water Exploration Co. said that independent sources have revealed that the fair market value of the potential water reserves discovered by the company in its Rehoboth #1 exploration discovery can not be calculated at this time.



DENVER, Colo., Dec. 20, 2002 -- Southwestern Water Exploration Co., a Colorado corporation engaged in water exploration, Friday announced that independent sources have revealed that the fair market value of the potential water reserves discovered by the company in its Rehoboth #1 exploration discovery can not be calculated at this time.

The company can confirm, however, that engineering reports prepared by Knight Piesold and Southwestern Water revealed that the aquifer located in Colorado has a minimum of 129,000 acre feet available for development with an expected yearly production rate of 2,904 acre feet per year.

Tor Boswick, the company's chief executive officer and chairman of the board, stated "Southwestern Water Exploration Company has begun the process of marketing the opportunity to develop this reservoir for the benefit of potential end users, and the company's expectation is that the market in Colorado will determine the ultimate price per acre foot."

Sponsored Recommendations

SmartSights WIN-911 Alarm Notification Software Enables Faster Response

March 15, 2024
Alarm notification software enables faster response for customers, keeping production on track

Automated Fresh Water Treatment

March 15, 2024
SCADA, Automation and Control for Efficient and Compliant Operations

Digital Transformation Enables Smart Water

March 15, 2024
During this webinar we will discuss factors driving the transformation to digital water, water industry trends, followed by a summary of solutions (products & services) available...

Automation for Water Treatment and Distribution Systems

Jan. 31, 2024
Dependable, Flexible Control Solutions to Maximize Productivity