RIVERSIDE encompasses 2565 acres in the northeastern corner of East Feliciana Parish, Louisiana. The property is located approximately 12 miles northeast of Clinton and 40 miles northeast of Baton Rouge. The lands are bordered on the east by the Amite River with 15,000 feet of riverfront access. The property has 7.5 miles of interior roads.
The undeveloped land contains abundant gravel, timber, and an approximate 5 million barrels of recoverable oil in the Tuscaloosa Marine Shale (TMS) reservoir. The property has an income-producing gravel lease and oil/gas lease in place. This asset represents a one-of-a-kind investment with multiple income-producing channels.
HISTORY
In 1937, the tract of land known as Riverside, bordered on the north and east by the Amite River as it flows over the Louisiana line, changed hands from a local Louisiana businessman to an attorney, Fred Anderson, Jr. in Gloster, Mississippi for a purchase price of $18,750. Three years later, he married and transferred the tract to his wife Polly who owned it until her death in 1988. The land then passed to her daughters, Polly Chambers and Mary Petty, who transferred the land into an LLC in 2012. Since Polly’s death in 2020, Riverside is owned by Mary Petty and Polly’s daughters, Polly Douglas and Drake.
GRAVEL
RIVERSIDE has a 30 year gravel lease that currently generates $19,000 per month. Approximately 75 acres (3% of tract) are currently being operated as a working gravel mining operation.
TIMBER
As per the 2020 appraisal calculations, approximately 2,409 acres are growing timber with a total estimated value of $1.74 million.
OIL & GAS
The entire property is currently under lease by State Line Exploration LLC. An evaluation conducted by trend expert, Amelia Resources LLC, confirms approximately 5 million barrels of recoverable oil in the Tuscaloosa Marine Shale (TMS) reservoir. At $60 per barrel of oil, potential income could range from $1-70 million with drilling in the future.
HUNTING
The variations in habitat across Riverside are perfect for holding and sustaining populations of deer and turkeys. From hardwoods along the river, to managed pine plantations in various stages, to established food plots, this property is home to an outstanding number of wildlife. The interior road system is well maintained.
CONSULTANT
AMELIA RESOURCES, LLC has been exploring for oil and gas across Central Louisiana and Southwestern Mississippi for over thirty-two years. As a consultant to RIVERSIDE, Amelia is assisting with the marketing of the property.