44,453 Acres in Marfa, TX - $43,000,000
PETAN RANCH
SIZE: 44,453 ACRES
PRICE: $43 million ($967/acre)
LOCATION: 23 miles southwest of Marfa on paved FM2810
DESCRIPTION: Elevations range from 5100 feet up to 6549 foot Cleveland Peak. Roughly half high rolling grama grass hills and shallow canyons with scattered juniper trees, about one quarter mountains and deeper canyons with juniper and mountain oak and one quarter open, gently rolling grama grass country. The ranch is adequately watered by 8 wells, lots of storage and good distribution.
GAME: The Petan Ranch has not been hunted for many years. We observed trophy elk, trophy mule deer, many trophy aoudad rams, pronghorn antelope, and blue quail.
IMPROVEMENTS: Ranch improvements are sufficient and functional. Headquarters improvements include a modest owners home, foremans home, bunkhouse, horsebarn/shop, and pipe corrals. The Cherry Canyon Camp has a good hand house, barn, and pip...
IMPROVEMENTS: Ranch improvements are sufficient and functional. Headquarters improvements include a modest owners home, foremans home, bunkhouse, horsebarn/shop, and pipe corrals. The Cherry Canyon Camp has a good hand house, barn, and pipe shipping pens. A large set of pipe shipping pens is centrally located about a mile off the pavement.
MINERALS: Approximately 27,845 acres are State Mineral Classified whereby the State of Texas owns the minerals, the surface owner is an agent for the state in leasing those minerals, and any income generated by bonuses, delay rentals, or royalty is split between the surface owner and the State on a 50-50 basis. No fee minerals offered. The ranch is not leased for oil and gas, has no existing production and does not appear to have ever been explored for oil and gas.
REMARKS: I believe this to be the finest ranch this broker has seen in 40 years of selling West Texas ranches. It is a premier cattle ranch in very good condition with an abundance of game. It is priced much more competitively than anything else on the market in West Texas.
Marfa (population 1800) is located in the Big Bend Region of West Texas. It is a small, high desert town known universally as an arts hub. The Chinati Foundation founded by globally acclaimed artist Donald Judd displays vast indoor and outdoor installations at an old army base. The accommodations and dining in Marfa far exceed expectations of a small town. While there is no commercial air service, the Marfa Municipal Airport has runways of 6203 and 5309 feet and is capable of accommodating most large private aircraft.
This property is offered by Chip Cole & Associates, Ranch Brokers to qualified buyers by appointment only. Cooperative brokerage is invited. The property is subject to prior sale, change in price or terms, errors and/or omissions, or removal from the market without notice. The information contained herein, while obtained from sources deemed reliable, is not warranted (express or implied) by Broker or Seller
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