Turkey Track Ranch Lowers Price

MT. JULIET, Tenn. (DTN) -- After nearly three years on the market, an iconic Texas ranch has lowered its price tag and is offering to include 25% of the mineral rights to attract a buyer.

Initially listed for $200 million, the owners of the 80,000-acre Turkey Track Ranch, also known as the "Prize of the Panhandle," have lowered the asking price to $180 million. In addition to mineral rights, the updated listing boasts of long-term carbon sequestration potential.

The ranch is all under one fence and includes 27 miles of Canadian River frontage, seven creeks and multiple reservoirs, springs and lakes. It's home to bountiful grasslands, scenic mesas and two historic battle sites. You can read details about the property and its cattle ranching history in DTN's 2021 story here: https://www.dtnpf.com/….

The Coble and Whittenburg families have owned the ranch for more than 120 years, and when they announced the sale in 2021, they cited the family's growing size and geographical distance from the ranch as a motivation for selling.

In a statement published on the Icon Global website, which is the broker managing the listing, the families said, "The ranch and its past stewards hold a prideful and acknowledged position of contributions to the evolution of modern-day ranching and cattle raising industries, as well as the Oil and Gas sectors of our great state."

Mineral rights were not a part of the original listing. The owners retain nearly 100% of existing mineral rights and will convey 25% of those with the sale. There are more than 20 producing oil and gas wells on the property. The listing also includes all wind and solar development rights.

Further, the new marketing materials promote the potential of the ranch as a future site for carbon sequestration.

CEO of greenhouse gas consulting firm U.S. Carbon Capture Jonathan Grammer said in a statement that his team has spent two years analyzing the geology of the ranch and believes it has potential for long-term carbon storage.

"Its proximity to carbon dioxide emitters combined with the unique storage zones of the Anadarko Basin which lay beneath it make this 80,000-acre jewel a strong candidate for this emerging market. Because of our work, we believe shallower undeveloped zones may exist as well for future oil and gas development," he said.

The full listing with photos, videos and an interactive brochure can be found here: https://www.icon.global/….

Katie Dehlinger can be reached at katie.dehlinger@dtn.com

Follow her on X, formerly known as Twitter, at @KatieD_DTN

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