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WATER RIGHTS VALIDITY AUDIT

By

Dr. William M. Turner

WaterBank^®
610 Gold Avenue, SW – Suite 111
Albuquerque, New Mexico 87102

Westwater Resources dba WaterBank^® deals in water projects, water, and water rights in New Mexico and elsewhere.  A water rights is the legal right to divert, capture, and beneficially use water from the physical surface-water and/or ground-water supply. A water right has a number of characteristics.  They are: 1) date of first use or a priority date; 2) a place of use; 3) a purpose of use; 4) a point of diversion; 5) an amount of water; and, 6) ownership.  A valid water right requires continuity of use since water was first placed to use.  This may be a period of more than 300 years.

When a water right is offered for sale, the buyer is usually in a dilemma over the validity of a water rights.  Not only does WaterBank^® broker the water rights as real property but we also conduct validation studies. If the water rights lack evidence of continual use, we will not offer them for sale. So that you may appreciate the validation study, we are providing a link to validation study we have done. Click here.

Visitors since April 15, 2008