Pickens sells water rights to Panhandle authority
By TERRY WALLACE Associated Press © 2011 The Associated Press
April 7, 2011, 6:57PM
DALLAS – Billionaire T. Boone Pickens and a Panhandle water authority have reached a tentative deal for the sale of most of Pickens’ Panhandle water rights to the authority, both sides announced on Thursday.
The preliminary $103 million deal between Pickens’ Dallas-based Mesa Water LP and the Amarillo-based Canadian River Municipal Water Authority for the water rights to 211,000 acres in Roberts County in the Panhandle promised to end long-held concerns in the region that he would sell the water to downstate interests. Continue reading