Pineywoods East Texas Investment Partners, LLC (Pineywoods) was established for the purpose of acquiring the Pineywoods Mitigation Bank and ensuring the continued preservation of the Neches River watershed. As of October 2010 the ownership of the bank was transferred from the Neches River Corridor, LP, a partnership between The Conservation Fund and a private timberland investment group, to the Pineywoods group.
The Pineywoods Mitigation Bank is the largest mitigation bank in Texas, and the second largest in the nation, containing approximately 19,079 acres of forested bottomland. These vast forested wetlands are supplemented by scrub/shrub wetlands, emergent wetlands, and open water areas that add to the diversity of the property. The property also provides a wildlife corridor that connects the Davy Crocket and Angelina National Forests.
Under an ongoing management plan, vegetative communities found within the Pineywoods Mitigation Bank will be restored to pre-settlement conditions. This restoration of a bottomland hardwood forest ecosystem will occur through the removal of exotic and undesirable species, followed by the reintroduction of desirable native tree species throughout the property.
One of the primary goals of the Pineywoods Mitigation Bank is to provide cost effective wetland mitigation balanced with the conservation of important natural resources that will allow for continuous economic growth in East Texas. The bank will help meet the growing demand for wetland mitigation to enable the construction of proposed water storage facilities, state and federal roadways, expanded oil and gas development, and additional economic activities.
The Pineywoods Mitigation Bank meets the criteria for Mitigation Banks under Federal Guidance for the Establishment, Use, and Operation of Mitigation Banks and the laws of the State of Texas. The bank was approved following review by an Interagency Review Team, comprised of the U.S. Army Corps of Engineers, U.S. Environmental Protection Agency, U.S. Fish and Wildlife Service, Texas Parks and Wildlife Department, Texas Commission on Environmental Quality, Texas General Land Office, and the Railroad Commission of Texas.