The Highlands Property is located in western Virginia, primarily between the towns of Lebanon, Wise, Pound and Haysi. The property size is approximately 132,281 acres. It is comprised of over 2050 tax parcels ranging in size from 1 to 12,000 acres. It is managed as a commercial timberland property but also includes hunting leases. Coal and natural gas development occur throughout the property under the rights of the respective estate owners. The mineral rights do not belong to Heartwood. Approximately 30,000 acres are open to public hunting access through the Virginia Department of Game and Inland Fisheries, Public Access Lands for Sportsmen (PALS) program – the first of its kind in Virginia.
|County||Buchanan, Dickenson, Russell, Wise|
|Previous Owner||Pyxis, Paramont, Clinchfield Coal Companies|
|Dominant Forest Type||Appalachian Hardwood|
|Managing Consultant||The Forest Management Company, LLC|
|Address||P. O. Box 2484, Abingdon, VA – 24212|
The economic area is comprised of Buchanan, Dickenson, Russell and Wise Counties. The property is in a largely rural area with a coal, natural gas and timber as the primary natural resources. Significant land ownership patterns include coal mining, natural gas production, timber production, agriculture, and tourism. The primary large acreage surface landowners in the area surrounding the tracts include: United States Forest Service – Jefferson National Forest, Penn Virginia Coal Company, Breaks Interstate Park, Consolidated Coal Company and others. Located in Virginia’s western Cumberland Mountains, the property straddles the Southern Appalachian Ridge and Valley, the Cumberland Plateau and Mountain Regions. It lies between 36°50′ and 37°22’ North latitude and between 82°00′ and 82°37′ West longitude.
Heartwood Forestland Fund IV purchased the property from Pyxis, Paramont & Clinchfield Coal Companies in 2003. Clinchfield Coal Company and its affiliates, starting around the year 1905, began to consolidate the property through land purchases from private individuals and businesses. It became known locally as the ‘Clinchfield’ property. Numerous additions and out-conveyances occurred to the property throughout the 20th century. The coal, oil and gas rights were sold to other entities prior to the sale of the surface property to Heartwood Forestland Fund IV.
The forest type on the Highlands property is the Appalachian Hardwood type which is made up of predominantly mixed-oaks, mixed-maples, beech, hickory, and yellow-poplar. Natural reproduction is generally successful. Impacts to successful natural regeneration by white tailed deer browsing are considered minimal.