re: T. Boone Pickens Mesa Vista Ranch Is For Sale

That would be Mike Gundy.

Hard pass. That hanger is not big enough for my plane.

Trashy when you park your jets outside.

What's land worth out there?

I have no idea what the improvements are worth: Home, lodge, fricking 11,000sqft dog kennel, aircraft hanger, runway(s), and God knows how much in roads, bridges, drainage, etc. How much do you think he's spent on fencing alone? I ballparked $50 million, but that's a complete WAG.

That would make the land worth about $3,000/acre. (65,000 acres @ 3,000ea = $195,000,000

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.06 a sq ft, if you really want to drill down.

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$0.06/sqft is 2,613.60/acre. So that's a little under $170 million. Maybe T. Boone has more fencing than I guessed!

Seriously though, how does this dude value this property at double Cielo Vista

Cielo Vista
19 ea 13,000'+ peaks
83,368 ACRES
only private 14,000' peak in north america
$105M

you think he's conveying the minerals? I doubt it

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you think he's conveying the minerals? I doubt it

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In regard to water rights:
RANCH RESOURCES: Roberts County is known to have prolific saturated thickness of quality Ogallala ground water, along with substantial oil and gas resources.

The Mesa Vista Ranch is located in an area of prolific quality ground water, being in the Ogallala Water Formation. Over the years, hundreds of thousands of acres of water rights have been sold in Roberts County for municipal water purposes. Recent commercial water sales in the area indicate that water rights have a commercial value in the range of $400 - $500 per acre.

As previously discussed, Boone acquired the Mesa Vista Ranch in a series of purchases over the years. Boone obtained water rights in the earlier purchases, but in more recent years, as he acquired adjoining land, the commercial water rights were already sold, due to their commercial value. Overall, Boone owns approximately 42,000 acres of water rights, which will convey with the sale. This is considered to be an extremely valuable asset.

In regard to mineral rights:
In addition to this water resource, minerals are also considered to be a valuable resource in Roberts County. Like the water, Boone obtained a portion of the minerals on the earlier land purchases, but as he expanded to the east and west in more recent years, he was unable to obtain minerals with these acquisitions.

There is scattered oil and gas activity on the Mesa Vista Ranch. All of Boone's owned mineral interests will convey. In 2015, Boone's oil and gas royalty income totaled approximately $2,560,000. In 2016, with oil and gas prices declining, the total royalty income dropped to approximately $771,000. For the first nine months of 2017 the royalty income is approximately $541,000. Again, all owned water rights, all owned mineral rights, and royalty will convey with the property.

In regard to wind generation rights:
There are a number of large, operating wind farms located in the Texas Panhandle. All wind generation royalty rights are also included.

For $250 million give me a fricking Island, not the shitastic Texas panhandle.