It was originally established in 1852 near Vernon, Texas, by Daniel Waggoner under the name of Dan Waggoner & Son; his son being William Thomas Waggoner. It was acquired by Stan Kroenke, who is married to Ann Walton (niece of Sam Walton), in February 2016. At the time of acquisition, the ranch comprised 520,527 acres (210,650 ha), or 800 sq mi (2,100 km2) but additional acreage was included in the sale making the total closer to 535,000 acres (217,000 ha).
The ranch is located west of Wichita Falls, Texas, south of Vernon, near the Red River. Other towns nearby include Electra and Seymour. It is the largest private ranch in Texas , enclosing 510,527 acres (207,000 ha; 798 sq mi; 2,070 km2) of land. It spans six counties and is half as large as Rhode Island. Parts of it can be seen from highways U.S. 183 and 283.
The ranch was originally established in 1852 near Vernon, Texas, by Daniel Waggoner under the name of Dan Waggoner & Son; his son being William Thomas Waggoner, who was an infant at the time. Ranching operations began with 230 head of longhorn cattle and some horses. From 1889 to 1903, they acquired land in Wichita County, Wilbarger County as well as Foard County, Knox County, Baylor County and Archer County. The ranch spanned more than a million acres of land.
The ranch has been surveyed by the United States Department of Agriculture for matters of preservation. Thirty cowboys, and about 120 people overall, are employed on the property. It has about 14,000 cows and bulls as well as 500 horses. It also includes 30,000 acres of arable land and about 1,100 producing oil wells. One of the lakes on the ranch provides water for the City of Wichita Falls.
In August 2014, the ranch was listed on the real estate market with an asking price of US$725 million. It was ultimately sold in February 2016 to billionaire Stan Kroenke, the husband of Wal-Mart heiress Ann Walton Kroenke.
According to wikipedia