THE CORRIGAN RANCH

3,964 Acres in Palo Pinto and Erath Counties, Texas

LOCATION:

north side of Interstate Highway 20; approximately one mile of frontage along the west side of State Highway 108; and approximately four miles of frontage along the

south side of Davidson Cemetery Road. The Ranch is accessed off of Interstate 20 via a two-way service road which runs between State Highway 108 and State

Highway 16 to the west. All of these roads on the ranch boundary are paved all-weather roads. The Palo Pinto-Erath county line runs east to west through the southern

part of the ranch; and the southwestern corner of the ranch is very close to the Erath-Eastland county line. The ranch is in close proximity to the communities of Thurber,

Mingus, and Strawn. Corrigan Ranch is approximately 70 miles west of Ft. Worth, 100 miles west of Dallas, and 80 miles east of Abilene.

IMPROVEMENTS:

home situated atop a bluff on Indian Hill. The ranch owner uses the modular home, and the home near Mingus is leased to the local Texas Parks and Wildlife Game

Warden. Both of these homes are supplied with community water from Mingus. In the center of the ranch are located a metal horse barn with concrete floor, steel cattle

pens, a metal sale barn, a commodity barn and feed bins, and mixer. Adjacent to the main barns and pens are eight traps with alleys for handling cattle. Water to the

main barn is supplied by a Mingus community water line; and water to the traps is supplied through a piping system and submersible pump in an adjacent pond. Ranch

perimeter fencing and pasture cross-fencing is predominantly 5-strand barbed wire, and is in generally excellent condition. There are twelve gates on the perimeter

fencing providing access to the ranch. Many of the ranch roads are all-weather, crushed rock or gravel; and there are roads to all parts of the ranch. A four-inch waterline from the city of Strawn is available along Davidson Cemetery Road adjacent to the north side of the ranch.

TOPOGRAPHY/PASTURES/TURF:

Turkey Creek and South Palo Pinto Creek. The high point on the ranch is 1,132 feet on top of Italian Hill, and the low point is 921 feet along Palo Pinto Creek. The

ranch is fenced into twelve main pastures. There are 175 acres of cropland, 403 acres of improved pastureland with Giant Bermuda and Coastal Bermuda, with the

balance of the ranch being native rangeland. Predominant trees are Mesquite, Post Oak, Hackberry, Pecan, Elm and native Cedar on the northwestern part. The turf,

grasses, and wildlife habitat are excellent.

WILDLIFE AND RECREATION:

population has been extensively managed to produce high quality animals with the recommended buck/doe ratios. Numerous deer in the 150-160 class are located on

the ranch. There are six food plots, eleven feeders, and nine hunting blinds on the ranch. There are thirteen lakes and ponds on the ranch; the largest five being

approximately 12 to 15 acres in size. Bob Lusk, a Fisheries Biologist and Lake Management Consultant, has drafted a plan to maximize the quality and amount of fish

in selected larger lakes. Fish in these lakes include largemouth black bass, black crappie, bullhead catfish, bluegill and sunfish. Several future lake locations on the

ranch have been identified. Two season creeks traverse the ranch; Turkey Creek runs south to north through the central part; and South Palo Pinto Creek runs west to

east across the north area. Numerous large trees along South Palo Pinto Creek provide excellent habitat and roosts for large populations of native turkeys. The ranch

has a large variety of other wildlife, including: ducks, dove, coyote, hogs, bobcats, blue foxes, armadillo, chaparral, and skunks, as well as numerous varieties of birdlife.

LIVESTOCK LEASE:

follows a conservation plan prepared by the NRCS office in Mineral Wells.

MINERAL INTERESTS:

been two Barnett Shale well sites located on the ranch in the last three years. The two well sites have five Barnett wells in current production. There has not been any

drilling activity in two years, and no further drilling is anticipated.

HISTORICAL SIGNIFICANCE:

The ranch is adjacent to the Thurber, Texas, historical site, and is in the center of what at one time was the industrial center of early Texas. Thurber was founded and

controlled from around 1888 through the 1930’s by Texas and Pacific Coal Company. At its height, it was the largest town between Ft. Worth and El Paso, with a

population approaching 10,000. Every building and every inch of ground was 100% owned by Texas and Pacific Coal Co.

The Corrigan Ranch is the site of approximately six former coal mines, four brick/shale mines, numerous railroad beds, several settlements, saloons, and other

historical sites. On the ranch today, there are several remains of foundations for industrial installations, and mounds of tailings materials produced from the mines.

Numerous artifacts from this era continue to be found on the ranch. Italian Hill, the most prominent hill, was named for the Italian immigrants who worked here. The

Italians comprised about 25% of the total population, and about 52% of the coal miners. Much of the Thurber, Texas industrial era information has been recorded in

various books, libraries, periodicals, and historical publications and websites. The W.K. Gordon Center for Industrial History of Texas, located across Interstate 20 from

the Corrigan Ranch, provides a fascinating pictorial and video graphic history of the area.

NEARBY AMENITIES:

scuba diving. Trout fishing is available on the river below the Possum Kingdom dam. The Cliffs 18-hole championship golf course is set along the edge of Possum

Kingdom Lake. Nearby restaurants include the Smokestack Restaurant and New York Hill Restaurant in Thurber; and Flossie’s and Mary’s Cafe in Strawn. Mary’s is

famous across Texas for its specialty, Chicken Fried Steak. The Greystone Castle Hunting Lodge, located about 1 mile south of the Corrigan Ranch, offers guided

hunting opportunities for deer, exotics, duck, quail and partridge, as well as accommodations for up to 30 corporate guests or family reunions. TD’s Taxidermy Shop is

conveniently located in Strawn. Mineral Wells, 20 miles east, and Eastland, 30 miles west, each have WalMarts for food and shopping needs.

INVESTMENT POTENTIAL:

continues westward from Ft. Worth and Weatherford along Interstate Highway 20. The ranch also could be divided into several smaller tracts given the large amount of

paved road frontage and smaller tracts typically command higher values upon resale. Given the current market cycle, a purchase now could favorably position an investor for the next increase in rural land values.

 Price $10,750,000

GENERAL:

Department, local authorities and Texas Department of Public Safety.