Coast Range Impact Report January 2014

This study estimates the economic impact of a project proposed by Coast Range Investments (Coast Range). The proposed project is to develop a rail served business park/logistics facility as part of a large-scale, mixed-use real estate project known as Rancho Cielo in Belen, New Mexico. Currently, Coast Range is working with two prospective business park “seed tenants” that want to construct a trans-loading facility in Rancho Cielo’s business park to serve oil activities in the San Juan Basin of New Mexico. Methods to move oil to market from the San Juan Basin are at full capacity. A trans-loading facility serving the basin would provide the means of getting the oil from well-head to market and provide an incentive to drill for more oil. Coast Range Investments contracted with New Mexico State University’s Arrowhead Center to estimate the economic impact of the proposed Rancho Cielo trans-loading facility and the possible increase in oil production of 10,000 barrels per day in the San Juan Basin.