The 64,672-acre Mesa Vista Ranch in the Texas Panhandle was sold by the estate of the late Dallas oil tycoon T. Boone Pickens.
Late Dallas billionaire T. Boone Pickens’ sprawling West Texas ranch has sold.A group of buyers headed by West Texas oil-and-gas investor Bill Kent completed the purchase of the 36,000-plus-acre western side of the ranch this week, which includes the 25,000-square-foot lodge where Pickens entertained guests.
Financial terms of the sales were not disclosed, but “proceeds of the two transactions were within about 10% of the $170 million asking price,” according to Jay Rosser, vice president of public affairs at BP Capital and a longtime associate of Pickens. Pickens began acquiring the property in 1971 with a 2,926-acre purchase along the south side of the Canadian River.
The centerpiece ranch lodge has a large dining room with a massive fireplace, a library with a spiral staircase, a conference room, a 30-seat theater, a wine cellar, an office and a commercial kitchen.There’s a lakeside chapel and a private “lake house” with 11,500 square feet of living area and 3,800 square feet of porches and patios.Real estate brokers Sam Middleton of Chas. S. Middleton and Son and Monte Lyons of Hall and Hall handled the sale.
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