T. Boone Pickens, the legendary oil tycoon, has recently sold his Texas ranch for a reduced price of $60 million. The ranch, located in the Texas Panhandle, was originally listed for $250 million in 2017.

The ranch, known as the Mesa Vista Ranch, is spread across more than 65,000 acres and includes a main house, guest houses, a chapel, and a private airstrip. It also features a variety of wildlife, including deer, antelope, and quail. Pickens had owned the ranch since 1971 and had used it as a retreat for his family and friends.

The sale of the ranch is part of Pickens’ plan to liquidate his assets in order to pay off debts. He had previously sold off other properties, including his Oklahoma ranch and his stake in an energy company. The sale of the Texas ranch is the latest move in Pickens’ effort to reduce his debt.

The buyer of the ranch has not been identified, but it is believed to be a private investor. The sale of the ranch is seen as a good investment for the buyer, as it is located in an area that is expected to see significant growth in the coming years.

The sale of T. Boone Pickens’ Texas ranch is a reminder of the changing landscape of the oil industry. Pickens was one of the most influential figures in the oil industry and his legacy will continue to be felt for years to come. The sale of his ranch is a sign of the times and a reminder that even those at the top of the industry can be affected by changes in the market.

Source: Plato Data Intelligence: PlatoAiStream