The Cumberland property is comprised of 21,596 acres found in thirty-six (36) separate tracts in southeastern Kentucky, primarily in Wayne County with an overlapping tract in neighboring McCreary County and another tract in Breathitt County. Many of the tracts are adjoining or are in close proximity to one another creating management clusters of four to eight thousand acre blocks. The property will be managed as a commercial timberland property. Some tracts have active hunting leases in place while others will be made available as the ownership progresses. Natural oil and gas development occur throughout the region and a limited amount of oil and gas activity is present on the property. Several gas wells are currently active on the property. The mineral rights do not belong to Heartwood.
|County||Wayne, McCreary, Breathitt|
|Coordinates||36 37′ 40″ N and 84 55′ 00″ W|
|Previous Owner||Cumberland Woodlands|
|Dominant Forest Type||Appalachian Hardwoods|
|Managing Consultant||Landmark Forestry, LLC|
|Address||P.O. Box 205, Horner, WV – 26372|
The economic area is considered to be in the heart of the Appalachian Regional Commission region – central rural Appalachia. Agriculture, forestry, mining and hydrocarbon development are common throughout the region. Recreation and tourism are also significant industries in the local area with the presence of TVA’s Lake Cumberland, which is a very popular fishing, boating, swimming and recreational attraction. Other public and private parks and forests are in the vicinity include: Daniel Boone National Forest, Lake Cumberland State Resort Park, Cumberland Falls State Resort Park, Dale Hollow State Resort Park and General Burnside IslandState Park. The property is centeredat 36° 37’ 40” north latitude, and 84° 55’ 00” west longitude.
The property was purchased in November of 2011 from Cumberland Woodlands LLC. The landowner history of these tracts includes individuals, families as well as corporate timber, coal, oil and gas entities.
The primary forest cover types are typical mixed Appalachian hardwoods including species such as white oak, chestnut oak, yellow poplar and hickory, which combined comprise well over 50% of the stocking. Timber harvesting has occurred on some of these tracts within the past 5 years. Natural regeneration is successful. Impacts to successful natural regeneration by white tailed deer browsing are expected to be minimal.