000 Fairgrounds Rd Newcastle, WY 82701

Situated just outside the city limits of Newcastle, this exceptional 214 +/- acre property presents a rare combination of development potential, income-producing mineral assets, and highly usable terrain. Comprised primarily of flat to gently rolling acreage, the property offers an outstanding canvas for residential, commercial, recreational, or mixed-use development opportunities.
A standout feature of the property is its approximately , along the northern boundary, providing an attractive setting and added value for future development concepts. With expansive views and convenient proximity to town amenities, this location offers the best of both accessibility and open Wyoming space.
Historically utilized for oil production, the property has demonstrated proven income potential. Between 2016 and 2021, the field was primarily operated during the summer months, averaging approximately 667 barrels of oil sold annually during that production window--equating to roughly 10 barrels per day. The oil is classified as , . The reported production figures reflect a % (), allowing ownership to capture a substantial share of the revenue generated from oil sales. Additional upside may exist should production be expanded beyond the historical summer operating schedule.
One of the most significant features of this offering is that % with the sale--a true rarity in Wyoming and an asset that is becoming increasingly difficult to acquire. Full mineral ownership provides the purchaser with long-term value, development flexibility, and the opportunity to benefit directly from future production and leasing activities. Additional mineral rights are planned to be conveyed with the sale of the surrounding acreage. Contact the listing agent for additional information and conveyance details.
Infrastructure is already in place to support a variety of future uses. Electrical service is readily available throughout the area, with both overhead and underground power in several locations across and around the property. Access has also been significantly improved, with a recently bladed road extending from the eastern boundary to the western boundary of the tract. Numerous established two-track roads further traverse the property, providing convenient access throughout the entire 214 +/- acres.
Whether you're seeking a strategically located development tract, an investment with mineral income potential, or a unique Wyoming landholding offering both current and future value, this property checks boxes that are seldom found in a single offering. Large, contiguous acreage adjacent to town, substantial golf course frontage, extensive infrastructure, proven oil production, and 100% mineral ownership combine to create a truly uncommon opportunity in northeast Wyoming. Contact Ridge Briggs at (307) 395-3199 for more information or to schedule a showing.

Property Features
-91% net revenue income from oil production
-100% mineral rights conveyance
-Roughly 1,000 yards of Newcastle Golf Course frontage
-Development opportunity
-Recently bladed road (accessible)
-Reservoir located on the northeast side of the property
-Overhead and underground electric service in several locations
-Right out of Newcastle City Limits
-Untapped potential
-Flat, usable acreage