Cadiz INC

Cadiz Inc. received a Right-of-Way Grant from the Bureau of Land Management that allows it to convert a 220-mile natural gas pipeline into a water conveyance pipeline. The company paid about $2.5 million in fees and bonds to secure the grant, clearing the way for construction to start. The Northern Pipeline, acquired in 2021, is expected to deliver up to 25,000 acre-feet of water per year, and Cadiz already has contracts for 85% of that capacity. The grant was issued after the BLM completed environmental and species reviews.