The Land Report

2019 TX

The Magazine of the American Landowner is an essential guide for investors, landowners, and those interested in buying or selling land. The award-winning quarterly is known for its annual survey of America's largest landowners, The Land Report 100.

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MarketWatch COMPILED BY STEPHEN O'KEEFE, CFA A Statewide Roundup of Texas Real Estate News SOUTH TEXAS Devon Authorizes Sale of Barnett Shale Assets Oklahoma City-based DVN beat analysts' estimates for quarterly profit and will shed its gas-related holdings in South Texas (as well as Canada) as it pivots from oil and gas to a pure-play oil producer. GULF COAST & BRAZOS BOTTOM e Wild Ride of Ion Geophysical Continues In 2018, IO peaked at $32.45 in March. During December's hard selloff, it fell to $4.53. Analysts have put in place a current price target of $19, up 43%. NORTHEAST TEXAS HHC Gets Two umbs Up Dallas-based Howard Hughes Corporation was spun out of General Properties. All six Wall Street analysts covering it rate it a Buy with a $158 target, up 42% from current levels. PANHANDLE & SOUTH PLAINS $10B Infusion From Buffet Helps Anadarko Snub Chevron's Bid When is $33B not enough? When $38B gets put on the table. Oxy is currently outbidding Chevron for APC's Permian holdings. FAR WEST TEXAS Historic Circle Ranch Sells on April 26 Shepherded by the Gill family for 20+ years utilizing holistic ranch management, this 32,000-acre Far West Texas landmark was listed with King Land & Water. WEST TEXAS State Considers Renewables Tax The Texas Senate passed a bill requiring state regulators to determine how to eliminate financial advantages created by federal subsidies to wind and solar energy generation. HILL COUNTRY Walmart Announces End- to-End Supply Chain for Angus Beef WMT announced that it is working with ranchers such as 44 Farms to develop its own supply chain in order to provide greater supply transparency and top-quality beef. 20 L ANDREP ORT.COM e LandReport | TEX AS 20 19

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