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The Conservation Easement
In December 1989, petitioners donated to the Nature
Conservancy (the Conservancy) a conservation easement encumbering
4,898 acres of the Flying H Ranch (the easement). The parties
stipulated that the easement was a "qualified conservation
contribution" for the purposes of section 170(f)(3)(B)(iii) and
(h).
The easement encumbers a highly aesthetic portion of Flying
H know as Moncreiffe Ridge located near Big Horn, Wyoming. The
ridge forms the highest part of the property with deeded lands
descending to the north, south, and west. The land consists of
level to rolling foothill rangelands that vary from open to
timbered land along the west slopes of the Big Horn Mountains,
and is bounded on its southern border by the Big Horn National
Forest. Most of the easement's northern boundary is bordered by
Wyoming State lands.
Several improved gravel roads provide direct access to the
property from petitioners' property, and the easement grants the
Conservancy the right of access for ingress and egress. The
easement has superior interior access that is provided by a
gravel road known as the Gulf road, constructed for oil and gas
exploration by Gulf Oil in the early 1980's, and numerous jeep
trails. The Gulf road traverses the lower areas of the easement
along the northern slope of Moncreiffe Ridge and continues to the
extreme southern areas on the property adjacent to Bighorn
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