A ranch totaling more than 37,000 acres in West Texas is going on the auction block with sealed bids after a federal bankruptcy court ordered the ranch sale.
The KC7 Ranch near Balmorhea located amongst the Davis Mountain range is being sold with all of its assets by Icon Global Group, the same Texas realtor that sold the Waggoner Ranch for $725 million. Offers are being accepted until Nov. 30 at 5 pm CDT.
The ranch was previously listed for sale at $52 million and is owned by Thomas Darden, a former petroleum executive, who according to the Fort Worth Star-Telegram filed for Chapter 11 bankruptcy. KC7 Ranch filed for bankruptcy on Dec. 28, 2017, and the rest of Darden’s companies filed on Jan. 1, 2018.
The stocking rate for the 37,759 acre property is listed at one animal unit per 50 acres. A reasonable stocking rate of approximately 500 cows with calves could graze the KC7 Ranch.
There are water systems in place on the ranch along with working pens to continue operating it as a cow-calf ranch. Water sources for cattle include three springs fed into pastures with poly pipe, five solar wells, one electric house well and two lakes covering 40 acres when full. There are seven additional mountain springs that are utilized by wildlife...
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