Massive Purchase of Boone Pickens Water Rights Made Today

The Canadian River Municipal Water Authority today purchased water rights to over 200,000 acres of Texas Panhandle land currently owned by billionaire T. Boone Pickens.

The land is encompassed throughout 7 different panhandle counties north of Amarillo.

The rights were purchased for $103 million dollars from one of Pickens’ holding companies, Mesa Water.

Mesa Water had previously tried to sell the water rights of the panhandle land to other Texas cities like Dallas and San Antonio, but  an agreement could never be reached.

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