Opal Mountain

Opal Mountain is a premier carbon forestry investment consisting of approximately 33,695 acres in a large private block with exceptional wildlife, recreation, and water resources. Approximately, 14,106 acres of the property has been developed as a long-term California compliance carbon sequestration project. Opal Mountain is one of the largest compliance market carbon projects in the Pacific Northwest listed on the American Carbon Registry. The Opal Mountain owner is also in the process of developing an additional 14,240 acre Cherry Creek Carbon Project on approximately 16,714 acres as a long-term Washington compliance carbon project. The combined projects are projected to generate more than 1,000,000 carbon credits (tCO2e) over the next 20 years.

$49,500,000 | 33,695 Acres

OPAL Carbon Project

Opal Mountain, twenty-five miles northeast of Prineville, Oregon, is a legacy recreational timber ranch consisting of approximately 16,981+/- deeded acres in a large private block (no trespassing) with exceptional wildlife, timber, and water resources.

With Cascade Mountain views from Mt Bachelor to Mt Rainier as its backdrop, the topography ranges from timber covered slopes, grassy hillsides, steep canyons, and meadows. The ranch has an elevation range of 5,700 feet down to 3,600 feet with over four miles bordering the Ochoco National Forest allowing for diverse wildlife habits and abundant recreation. The property is expected to generate attractive annual positive cash flow from recreation and carbon.

Current Valuation: USD $28,300,000 ($18.7mm land, $9.6mm NPV (@ 15 %) carbon revenue)

The Opal Carbon Project is an existing California Improved Forest Management Compliance Project. Opal is expected to generate approximately 700,000 carbon credit offsets over the next 20 years.

Opal Acreage Summary:

  • 16,981 acres total Property Size
  • 14,106 acres Carbon Project Size

Opal Carbon Project Timeline:

  • Opal is a completed project. American Carbon Registry
  • Annual credits issued by July annually per estimated forecast
  • Next Field verification in 2028

CHERRY Carbon Project

Cherry Creek is adjacent to Opal Mountain, approximately twenty-five miles northeast of Prineville, Oregon and is known for its wilderness-like terrain and premium elk hunting. The Ranch consists of approximately 16,714 acres in a large secure (no trespassing) block with exceptional views, wildlife, timber, and water resources, including the Cherry Creek Reservoir. Adjacent to the Cherry Creek Ranch are the Painted Hills and the BLM wilderness area.

With stunning views of the John Day Basin, the topography ranges from mixed conifer timber covered slopes, grassy hillsides, steep canyons, and meadows. The Ranch has an elevation range of 5,100 feet down to 2,600 feet. The property is expected to generate attractive annual positive cash flow from carbon, conservation and recreation.

Current Valuation: $31,700,000 ($22.6mm land, $9.1mm NPV (@ 15 %) carbon revenue)

The Cherry Carbon Project is being developed as a Washington State Avoided Conversion Compliance Project. Cherry is expected to generate approximately 373,395 carbon credit offsets over the next 20 years with 266,579 credits coming in years 1-4.

Cherry Acreage Summary:

  • 16,714 acres total Property Size
  • 14,240 acres Carbon Project Size Offering Price
  • 80 acres of irrigation water rights

Cherry Project Development Timeline:

  • Verification scheduled for Q2 2024
  • Credits expected to commence in 2025 and then annually per forecast estimate.


ELEVATION: 2,600 — 5,700 FEET

The property has a mixture of gentle rolling topography graduating to steeper slopes along the southern boundary. The elevations range from of about 3,600 feet to 5,700 feet at Stephenson Mountain. This property is very private, with locked gates, and full of wildlife. Several fish bearing streams run on the property including Opal Creek, Amity Creek and Horse Creek. High mountain view points include Stephenson Mountain, Opal Mountain and Box Springs Butte.


The property is located within the southern portion of Jefferson County in Central Oregon. This area is located approximately 25 miles northeast of Prineville, Oregon and approximately 65 miles from Bend, Oregon.



The subject is zoned Primary Forest Use by Jefferson County. The purpose and intent of the Forest Management Zone is to provide for timber production, harvesting, and related activities, and to help protect timber areas from fire, pollution, and encroachment of non-forestry activities. This zone is also intended to preserve and protect watersheds, scenic areas, and wildlife habitats, and to provide for recreational opportunities and agriculture.



Central Oregon is widely recognized as a tourist destination in part because of its moderate climate, picturesque scenery and significant recreational amenities, and the property’s location on the Northern Slope of the Ochoco Mountains provides a semi-arid, high desert climate. Precipitation averages 10-15 inches with heavy snowfall at the upper elevations during winter months. It is not unusual to have overcast conditions in Portland and clear skies in the Prineville area. Scenic views to rivers, buttes and mountain peaks are prevalent. This combination of pleasant weather conditions and scenic views enables all types of outdoor recreation available in Central Oregon.


The property includes over 17 miles of springs and creeks that provide abundant water for wildlife, fish and stock water. The three major fish bearing creeks, Amity, Opal and Auger Creeks are tributaries to Trout Creek which flows into the Deschutes River Basin. Horse Creek, in the northeastern corner of the property, is a tributary to the John Day River. Winter snow pack at the higher elevations provide annual recharge for all the springs and creeks.



Opal Mountain Ranch is one of the largest, contiguous timberland properties in close proximity to the cities of Prineville, Redmond and Bend. The timberlands are predominately Ponderosa Pine, White Fir and Douglas Fir with smaller volumes of Juniper, Larch and other Pine. Over the years, the previous owners managed for recreation while only harvesting very limited timber.


As trees grow, forests capture carbon dioxide (CO2) from the atmosphere and store them in trees’ roots and wood. Timberlands are a key carbon sink and play a pivotal role in slowing down the accumulation of greenhouse gases in the atmosphere.

Opal is established as a long-term California compliance carbon sequestration project. The carbon project will create opportunities for ongoing sale of carbon offsets under California’s greenhouse gas emissions reduction market. The owners are also in the process of developing an additional 14,200 acres of timberland, as a long-term Washington compliance carbon project. The combined projects on the approximately 33,695 acres are projected to generate more than 1,000,000 carbon credits (tCO2e) over the next 20 years.



This property is a premier private timber block, located in the heart of the Ochoco Mountains, that also includes some high mountain meadows and rolling rangeland teeming with exceptional big game and upland bird species. In addition to the premier hunting and fishing, the ranch provides abundant opportunities for other recreation, such as snowmobiling, cross-country skiing, horseback riding, four-wheeling, and bike riding or hiking.


2024 General Season:

Grizzly Archery General – Any Elk 8/31 to 9/29

Turkey General – Turkey 4/15 to 5/31; 10/14 to 1/31

2024 Controlled Unit wide hunts:

South Blue Mountain Spring Bear (746A) – Bear 4/1 to 5/31

Grizzly Unit (138R) – Archery Buck 8/31 to 9/29

Grizzly Unit (138) – Rifle Buck 10/5 to 10/16

Grizzly Unit (238 A) – Cow Elk 8/15 to 12/31

Grizzly Unit No. 1 (238X) – Rifle Bull Elk 10/30 to 11/3

Grizzly Unit No. 2 (238Y) – Rifle Bull Elk 11/9 to 11/17

Grizzly Unit (438) – Doe Pronghorn 8/14 to 8/22

2024 Controlled Sub-unit hunts:

Grizzly Private Lands No. 1 (238B) – Rifle one Elk 10/30 to 11/3

Grizzly Private Lands No. 2 (238B) – Rifle one Elk 11/9 TO 11/17



Opal Mountain’s steelhead-bearing streams and wildlife habitat in the Deschutes and John Day watersheds make it a strong candidate for stream and riparian restoration, upland habitat complexity, and wildlife management projects that will enhance the region’s native fish and wildlife populations. Conservation can be focused on improved habit complexity for wildlife and include projects ranging from enhanced timber management to mule deer habitat restoration. The owner is examining opportunities to secure public funding for these activities. Many other opportunities exist for the owner to be compensated for ensuring the stewardship of their land and timber for years to come.


Hunting Cabin: A custom hand-hewn log hunting cabin is located on the property and is used by the hunting outfitter. The cabin sits on the edge of a meadow and is accessible by gravel road.

Fire Lookout: The U.S, Forest Service operates a fire lookout on the property, providing the best protection available for a legacy timber property.


All mineral rights appurtenant to the property and owned by the seller will convey to the buyer at closing. There is a Mineral Royalty of 50% interest in income from mineral extraction on the Property. The buyer has absolute control over any exploration, access, and development of these mineral rights.


• 28,300 forested acres with 770,000 offsets available over 20 years
• USFS fire lookout located on the property.
• Outstanding mountain views from Mt. Bachelor to Mt. Rainier
• 12 buck Mule Deer & 12 Rocky Mountain bull elk land-owner tags
• 12 creeks and the Cherry Creek Reservoir with mountain trout
• Large private block with no public roads or private in-holdings
• Annual income from sustainable forest management projects