Fasken Oil & Ranch Ltd

Bloomberg: He Paid $1.50 an Acre for Barren Texas Land Now Worth $7 Billion

Then there’s the holdout, Fasken Oil & Ranch Ltd., still seemingly bound by the fading West Texas ethic that ruled in the days when ranches were handed from generation to generation, with the dictum of “Never sell the minerals” as guidance. “They’re one of the very rare owners that never severed their minerals and surface rights,” Wurtz said.

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