New Mexico Ranch Larger Than the City of Denver Lists for $68.5 Million for the First Time in 45 Years
By Nancy A. Ruhling - Mansion Global
Heirs to the Yates oil and gas fortune are selling the 110,000-acre property, which the family has used for hunting and recreation
A nearly 110,000-acre New Mexico ranch—with a modest 2,766-square-foot main home—that covers more territory than Denver has come on the market for the first time in more than 45 years at a price befitting its immense size: $68.5 million.
Since 1978, the property, which is near Fence Lake, New Mexico, has been owned by the Yates family, heirs to the oil and gas company, Yates Petroleum Corp., which they sold in 2016 to EOG Resources for $2.5 billion.
The family, which used the property for hunting and other recreational activities, said in a statement that it is “seeking a new steward to preserve the ranch’s natural beauty, wildlife and significant Native American heritage.”