T. Boone Pickens’ Mesa Vista Ranch sold to rancher and investment group

Late Dallas billionaire T. Boone Pickens’ sprawling West Texas ranch has sold.

The 64,672-acre Mesa Vista Ranch in the Texas Panhandle had been for sale since 2017 — most recently with a price tag of $170 million.

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.

Cattle rancher Travis Chester bought the 27,700-acre eastern section of Mesa Vista Ranch in September.

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 died in 2019 at age 91.

He spent decades assembling land and building a the huge home at Mesa Vista Ranch in Roberts County northeast of Amarillo.

Pickens began acquiring the property in 1971 with a 2,926-acre purchase along the south side of the Canadian River.

The 101-square-mile Mesa Vista Ranch includes broad mesas, lakes and rivers and was originally priced at $250 million.

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.

The property includes a tennis court, a shooting range, a small golf course and a two-story pub.

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.

Mesa Vista Ranch has its own lighted runway that can handle jet service.

Real estate brokers Sam Middleton of Chas. S. Middleton and Son and Monte Lyons of Hall and Hall handled the sale.

Buyer Bill Kent is CEO of Midland-based Kent Cos., which operates a growing chain of service station and convenience stores in Texas, Oklahoma, New Mexico, Tennessee, South Carolina and North Carolina.

The company also provides fuel to retail customers in Louisiana, Texas and Alabama. And Kent Cos. is expanding with the purchase of a Houston signage company, a chain of check cashing outlets, tire stores, car washes and urgent medical care facilities.

The Mesa Vista trade is the latest of several recent big Texas ranch sales.

The 266,254-acre Four Sixes Ranch in West Texas’ King County sold this year to Hollywood screenwriter and producer Taylor Sheridan.

And Dallas-based broker Icon Global is marketing the 80,000-acre Turkey Track Ranch in Texas’ Panhandle. The almost 80,000-acre property is along the Canadian River near the town of Borger.

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