During the nine months ended September 30, 2018 and 2017, we completed the following sales of land parcels (in thousands, except number of acres):
|
|
|
|
|
|
|
|
|
|
|
Date of sale |
|
Location |
|
Approximate number of acres sold |
|
Contract sale price |
For the nine months ended September 30, 2018 |
|
|
|
|
February 2018 |
|
Loving County |
|
40.0 |
|
$ |
1,150 |
|
March 2018 |
|
Culberson County |
|
80.0 |
|
1,600 |
|
August 2018 |
|
El Paso County |
|
15.0 |
|
270 |
|
September 2018 |
|
Reeves County |
|
31.8 |
|
1,273 |
|
Total |
|
|
|
166.8 |
|
$ |
4,293 |
|
|
|
|
|
|
|
|
For the nine months ended September 30, 2017 |
|
|
|
|
May 2017 |
|
Loving County |
|
11.02 |
|
|
$ |
220 |
|
Total |
|
|
|
11.02 |
|
|
$ |
220 |
|
|
|
|
|
|
|
|
Real Estate Acquired
Real estate acquired included the following activity for the nine months ended September 30, 2018 and 2017 (in thousands, except number of acres):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended
September 30, 2018 |
|
Nine Months Ended
September 30, 2017 |
|
|
Acres |
|
Book Value |
|
Acres |
|
Book Value |
Balance at January 1, |
|
10,064.78 |
|
|
$ |
1,115 |
|
|
10,064.78 |
|
|
$ |
1,115 |
|
Acquisitions |
|
2,883.68 |
|
|
2,663 |
|
|
— |
|
|
— |
|
Sales |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Balance at September 30, |
|
12,948.46 |
|
|
$ |
3,778 |
|
|
10,064.78 |
|
|
$ |
1,115 |
|
|
|
|
|
|
|
|
|
|
|