A Texas Ranch That Became the Most Expensive in the World

Waggoner Ranch is a ranch in Texas that went up for sale in August 2014 for an amazing asking price of $725 million and sold for an undisclosed amount. It became the largest sale amount ever offered for an American ranch.

The ranch in North Texas, is the largest ranch in the United States enclosed by one fence. It covers almost 800 square miles of land across six counties and is 525,000 acres. The size of the ranch is larger than the cities of Los Angeles and New York combined and covers the portion of six Texas counties.

There are 10,000 cows and bulls on the land, 500 horses, and 25,000 acres of it are farmland. In addition, the ranch has 1,100 oil wells and a lake, Lake Kemp, that supplies water to the city of Wichita Falls, Texas, as well as the ranch. There is no groundwater on the ranch, only oil.

Waggoner Ranch is located 13 miles south of the small town of Vernon, Texas, in North Texas. The ranch was established in 1849 by Dan Waggoner. He died in 1903 and left the ranch to his son, W.T. Waggoner, who continued to expand the size of the ranch. In 1923, W.T. Waggoner formed the W.T. Waggoner estate. He divided the ranch into four tracts, one for himself and the others for his three children.