Texas-based oil firm buys agricultural land in Weld
WELD COUNTY — A Texas-based oil and gas company has acquired 17,000 acres of agricultural land in eastern Weld County.
Black Mountain Land Co. LP, established in 2012 by Rhett Bennett, founder of Black Mountain Oil and Gas LLC based in Fort Worth, paid $29 million to Lost Creek Land and Cattle Co. LLC for the land, according to Weld County public documents.
Public records show that Black Mountain Land Co. now owns 57 parcels totaling 17,000 acres, or almost 27 square miles of land, in Weld County.
All the land is…
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