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Texas ranch to be purchased by Stan Kroenke for $725 million

Ranch has been owned by the same family since 1849
  • Ranch is half the size of Rhode Island.
  • There are more than 1,000 producing oil wells on the ranch.
  • Most ranch listings in Texas are outside of the Dallas-Fort Worth metro.

Dubbed the largest U.S. ranch under one fence, the 510,527-acre W.T. Waggoner Estate Ranch, which sits south of Vernon, Texas, is slated to change ownership for the first time in its history. The historic Texas ranch is in the process of being acquired for $725 million by businessman and sports owner Stan Kroenke, according to Briggs Freeman Sotheby's International Realty. Kroenke has recently made headlines for his moving of the St. Louis Rams to Los Angeles. “The selection of Mr. Kroenke and potential sale bring to a close an unprecedented global marketing effort,” said Bernard Uechtritz of Briggs Freeman Sotheby's International Realty, in a recent release. “The sale of the Waggoner was an extraordinarily complex and multi-faceted process." The scale and significance of the sale is such that the ranch's owners had to receive approval from Judge Dan Mike Bird, of the 46th Judicial District Court, before proceeding with the transaction. Once acquired by Kroenke, t...