Camp Cooley Liquidation
- Thread starter bigag03
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TexasBred
Well-known member
Yep...after the bankruptcy judge awarded ownership of ALL the embryos and semen to one of the banks I guess they got nothing left except a few good cows and bulls to move out.
bigbull338
Well-known member
but the question is,did the embroyos an semen sales pay the bank off.
TexasBred
Well-known member
Oh I doubt it made a dent in the debt which is in the multi-millions. I'm sure the bank or "banks" will get the proceeds of the dispersal sale as well. The "ranch" is for sale as well but don't remember the price. Many millions I'm sure as it's about 12,000 acres I think.bigbull338":2ud1kq08 said:
bigbull338
Well-known member
man id hate to know i was so deep in the hole,that selling everything wouldnt pay me out.
1982vett
Well-known member
That is the way leverage works......... it is great till the bump in the road spills your milk.
TexasBred
Well-known member
You never know all the details but it was my understanding that the big problem was not with the ranch but with the owners big construction company in San Antonio. It went to he$$ when the economy tanked. Have no idea what the total debt is but the land should be very valuable as it has huge gas deposits under it and dozens of good producing gas wells on it. Another "investor" will probably end up with it.bigbull338":rhmocllu said:
Angus In Texas
Well-known member
TexasBred":c6k4csj3 said:
More than likely, the mineral rights have not been conveyed through the years. The land is probably valuable but not the same if it had the mineral rights conveying with it. I would be surprised if someone bought the entire ranch outright...... unless 44 Farms from over in Cameron or some other big outfit is looking to expand.
Angus In Texas
Well-known member
Did a little research....
Click on the link to the ranch listing. Once there Click where it says "CAMP COOLEY RANCH INFO"
http://www.ranchfindertexas.com/1hometemp.html
They want $5,000 an acre for plus or minus 9,500 acres..... coal and water rights convey all other mineral rights are reserved. The ranch is under gas and oil production.
Total sales price is plus or minus $47,500,000.00 :shock:
Click on the link to the ranch listing. Once there Click where it says "CAMP COOLEY RANCH INFO"
http://www.ranchfindertexas.com/1hometemp.html
They want $5,000 an acre for plus or minus 9,500 acres..... coal and water rights convey all other mineral rights are reserved. The ranch is under gas and oil production.
Total sales price is plus or minus $47,500,000.00 :shock:
TexasBred
Well-known member
Yeah the gas production hs been there for years.I'd reserve the O&G as well. That's one of the best pay zones in the state with some huge gas wells. Coal could hold some value for any new owner as there are a couple of lignite burners up north from them a bit.Angus In Texas":3bxum29b said:
kenny thomas
Well-known member
Never knew that Texas had coal. Is it being mined? Coal is more valuable than gas here.
1982vett
Well-known member
Coal is strip mined here....... 
kenny thomas
Well-known member
What part of Texas vett? Here they take down the mountains, strip the coal and then put the mountain back. How do they strip there?
1982vett
Well-known member
Here is a link to a map. http://www.rrc.state.tx.us/programs/mining/TxCoaLst.pdf
I forget how deep they have to go but they basically dig a trench, strip the coal and backfill. Not sure exactly how much is actually still mined. I know TMPA shut the mine years ago and railroads "cleaner coal" in from the Power River Basin in Wyoming.
I forget how deep they have to go but they basically dig a trench, strip the coal and backfill. Not sure exactly how much is actually still mined. I know TMPA shut the mine years ago and railroads "cleaner coal" in from the Power River Basin in Wyoming.
kenny thomas
Well-known member
Thanks, learn something every day. Did you notice how many of them are owned by power companys? Taking out the middle man.
The Westmoreland company was once big here but left the area several years ago and moved their operations to Wyoming.
The Westmoreland company was once big here but left the area several years ago and moved their operations to Wyoming.
TexasBred
Well-known member
1982vett":2dtk3cl4 said:
Vet the ones I've seen are not really that deep. Take 20 foot of overburden off and the lignite seem is right there. It varies in depth depending on the area. I have visited some of the mined out areas that hae been reclaimed and they are absolutely beautiful. Trees planted, rolling hills, small lakes and ponds... very nice.
