1) Pure Cycle provides sustainable, reliable, environmentally responsible wholesale water and wastewater services to local governments, commercial and industrial customers delivering high quality water using the Company's extensive portfolio of water rights throughout Colorado.
2) Pure Cycle owns approximately 17,500 acres of irrigated farm land in southeastern Colorado along the Fort Lyon Canal, which we lease to tenant farmers growing alfalfa hay, corn, wheat, sorghum and other grain crops.
3) Colorado has experienced significant growth in oil development due to horizontal well development and hydrologic fracturing of wells stimulating production in the oil rich Niobrara formation. Niobrara development has expanded to include areas beneath the Company's service areas in Arapahoe County requiring significant water supplies in proximity to the Company's existing supplies and infrastructure.
4) We own approximately 930 acres of fully entitled Master Planned Community Development Project along Denver's primary east/west transportation corridor Interstate 70. The property included water and oil & gas rights which we are currently exploiting together with our Oil & Gas Lessee.
Pure Cycle Corporation is a water and wastewater service provider that contracts with landowners, land developers, home builders, cities and municipalities to design, construct, operate and maintain water and wastewater systems. The Company's assets include owning water rights to provide domestic and irrigation water to customers (it owns surface water, groundwater, reclaimed water rights and storage rights); infrastructure (such as wells, diversion structures, pipelines, reservoirs and treatment facilities) required to withdraw, treat, store and deliver domestic water to customers; infrastructure required to collect, treat, store and reuse wastewater, and infrastructure required to treat and deliver reclaimed water for irrigation use by customers. It provides water services to approximately 258 Single Family Equivalent (SFE) water connections and 157 SFE wastewater connections located in south-eastern metropolitan Denver.