Texas

T. Boone Pickens puts Texas Panhandle ranch up for sale and the price tag’s a whopper

T. Boone Pickens stands before a series of man-made lakes on his Mesa Vista Ranch in the Texas Panhandle in May. Pickens on Wednesday announced he’s putting the property up for sale.
T. Boone Pickens stands before a series of man-made lakes on his Mesa Vista Ranch in the Texas Panhandle in May. Pickens on Wednesday announced he’s putting the property up for sale. AP archives

In the market for a 65,000-acre ranch in the Texas Panhandle? Good news then because oil baron T. Boone Pickens is putting his up for sale.

The price tag? $250 million.

Pickens announced the big news of his Mesa Vista Ranch hitting the market on his Twitter account with a link to a Wall Street Journal article. The article starts: “Over nearly five decades, T. Boone Pickens turned a ranch in the Texas Panhandle into a retreat with its own airport, art gallery, chapel and an 11,000-square-foot kennel for hunting dogs.”

But that’s not all. The property, about 90 miles northeast of Amarillo, also has a tennis court, a trap and skeet shooting range, a small golf course and a playhouse, according to the Wall Street Journal. Not to mention the quail-hunting facilities and 40 bird dogs that are included in the sale.

However, a small herd of cattle is not included.

The 89-year-old energy tycoon wrote in his tweet, “I’m proud of our conservation efforts that have taken place over decades and hope the next owner has the same passion.”

Citing Eric O’Keefe, editor of the Land Report, Mesa Vista is among the highest priced ranches on the market in the country. In 2014, the Waggoner Ranch near Vernon was listed with an asking price of $725 million. It sold in 2016. Molokai Ranch in Hawaii has an asking price of $260 million.

Pickens has not stated a reason for selling the ranch. Last year he revealed his health was in decline after suffering several “mini-strokes” and being hospitalized for a major fall.

In his statement to the Wall Street Journal, Pickens said, “Selling the ranch is the prudent thing for an 89-year-old man to do. It’s time to get my life and my affairs in order. There are many reasons why the time is right to sell the ranch now, not the least of them ensuring that what I truly believe is one of the most magnificent properties in the world winds up with an individual or entity that shares my conservation beliefs.”

A percentage of the proceeds from the sale will go to the T. Boone Pickens Foundation to fund Pickens’ many philanthropic interests, according to the Wall Street Journal.

In October, Pickens put his Dallas mansion on the market for $5.9 million.

Of the 34 Texans on the 2017 Forbes 400 list, 18 call DFW home. Find out who they are, what they do, and how much $$ they have in the bank.

Jeff Caplan: 817-390-7705, @Jeff_Caplan

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