The Marmet property is comprised of 39,512 acres found in three large, irregular groupings of tracts located in south central West Virginia in Boone, Nicholas and Raleigh counties. One large tract is located about 10 miles south of the state capitol, Charleston. Another is about 10 miles east of Charleston and the third is further south near Beckley. Small, private residential developments are located along the public roads and waterways intermixed with the tracts. The property will be managed as commercial timberland. Coal and natural gas development occur throughout the region and a significant amount of mineral development activity is present on the property.
|County||Boone, Nicholas and Raleigh|
|Coordinates||N38 00’; W81 37’|
|Acquisition Date||April 8, 2015|
|Previous Owner||Honey Island Coal Company & Honey Island Land Co.|
|Dominant Forest Type||Appalachian Hardwood|
|Managing Consultant||Advantage Timberland, LLC|
|Address||1325 Hockman Pike, P. O. Box 548 Bluefield, VA – 24605|
The economic area is considered to be in the heart of the Appalachian Regional Commission region – central rural Appalachia. Mineral and timber development is common throughout the region. Several public parks and forests are in the vicinity of many of the property’s’ tracts including: New River Gorge National River Area, Twin Falls State Park, Chief Logan State Park, Kanawha State Forest, and Gauley River National Recreation Area. The center of the property is located at approximately 38 00’ and north latitude, and 81 37’ west longitude.
Heartwood Forestland Fund VIII, L.P. purchased the property, specifically to a depth of 20 feet below the ground surface, in April of 2015 from Honey Island Coal Company LLC and Honey Island Land Company successors in title to Marjorie L. Johnson Land Company, and others. The landowner history of these tracts is primarily corporate coal, oil and gas entities. Heartwood did not purchase the mineral rights.
The primary forest cover types are typical mixed Appalachian hardwoods. The primary species composition by volume is yellow poplar, followed by chestnut oak and red oak. Other common species are white and black oaks, hickory, red and sugar maple, basswood and cucumber. Some timber harvesting has occurred on the property in the past, however a sustainable forest management harvest plan has not been was in place for decades. Natural regeneration, specifically oak, is abundant where past wildfires have occurred. Impacts to successful natural regeneration by white tailed deer browsing are expected to be minimal.