Profile: Pure Cycle Corp (PCYO.OQ)
25 Jun 2019
Pure Cycle Corporation, incorporated on November 30, 2007, is an integrated water company that provides wholesale water and wastewater services. The Company provides its services to wholesale customers, which include industrial customers and local governmental entities that provide water and wastewater services to their end-use customers located in the Denver, Colorado metropolitan area.
The Company is engaged in selling water service to customers, using water rights owned or controlled by the Company and developing infrastructure to divert, treat and distribute that water and collect, treat and reuse wastewater. The Company owns a portfolio of water rights located in the Denver, Colorado metropolitan area, Southeastern Colorado in the Arkansas River, and the Western Slope of Colorado in the Colorado River. The Company's Denver area assets include Rangeview Water, the Lowry Range Property, Sky Ranch and Arapahoe County Fairgrounds. The Company owns or controls a total of approximately 3,300 acres feet of tributary surface water, approximately 23,680 acres feet of non-tributary and not non-tributary groundwater rights, and approximately 26,000 acres feet of adjudicated reservoir sites, which the Company refers as its Rangeview Water Supply. The Lowry Range is located in Arapahoe County, over 20 miles southeast of downtown Denver. The Lowry Range is approximately 27,000 acres in size or over 40 square miles of land. The Company has rights to provide water and wastewater services to approximately 24,000 acres of the Lowry Range.
The Sky Ranch property is located directly adjacent to I-70, approximately 16 miles east of downtown Denver, four miles north of the Lowry Range, and four miles south of Denver International Airport. The property includes rights to approximately 830 acres feet of water and approximately 640 acres of oil and gas mineral rights. The Arapahoe County Fairgrounds includes approximately 320 acres feet of groundwater.
Pure Cycle Corp
34501 E Quincy Ave Bldg 34
WATKINS CO 80137-9306