Boone Pickens Texas Ranch Sells After Price Cut to $170 Million
Energy investor Bill Kent headed a group that bought the larger portion of the 64,000-acre spread, which had been on the market for five years.
The late T. Boone Pickens
Photographer: David Paul Morris/Bloomberg
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After five years and two price cuts, the sprawling Texas ranch of the late oil billionaire T. Boone Pickens has found a buyer.
West Texas oil-and-gas investor Bill Kent, whose Kent Cos. operates a chain of convenience stores, headed a group that purchased the larger and improved western portion of the 64,000-acre (25,900-hectare) ranch in a deal that was completed Wednesday. Cattle rancher Travis Chester bought the smaller eastern section in September.