TBD Schlegel Road, Olney, TX 76374 - Young County

Morgan Farm is 323.78 acres of productive farm and grazing land with very light tree cover and hearty native grasses. The ranch is located six miles west of Olney, Texas, on the corner of B Stowe and Schlegel Road. The farm has flat terrain throughout with about ten foot of total elevation from west to east. Due to the oil and gas operational revenue and the ability to run cattle, this property is primarily used for producing income. There is little to no cover on the property with the exception of the areas around the ponds and the seasonal draw. This creates pockets of habitats favoring dove, varmints and feral hogs. There is an old barn in the center of the farm that could be re-built as most of the wood is in good shape. To the south of the barn, there is a water spout (Baylor Water Supply) that can be used for watering livestock during dry seasons or to supply to a future farmhouse. Morgan Farm is competitively priced at $1,495 per acre.

COVER

Tree Cover--Sparsely wooded, mesquite and hackberry

Under Brush--Light cover; broomweed, lotebush, prickly pear, tasajillo

Native Grass--Currently leased

WILDLIFE

Deer, duck, and dove

Turkey, hog, quail, and Sandhill Crane

Not currently leased for hunting

WATER FEATURES

2 Tanks/Ponds

1 Seasonal draw

IMPROVEMENTS

Completely fenced with barbed wire--good to great condition

Electricity on the property

Baylor Water Supply Corporation, water meter on property

MINERALS

Numerous active and inactive oil wells

Some minerals negotiable

ACCESS

Schlegel Road--rock/caliche

B Stowe Road--rock/caliche

Gated entrance

DISTANCES

6 miles west of Olney

7 miles southeast of Megargel

14 miles northwest of Newcastle

30 miles northwest of Graham

40 miles southwest of Wichita Falls

80 miles northwest of Weatherford

Listing Agent: Heath Kramer (940) 456-0575

No Trespassing. Please contact a Campbell Farm and Ranch team member for a showing. Campbell Farm and Ranch welcomes all cooperating agents and brokers. Cooperating agents and brokers must make first contact with the listing agent and be present at all showings to fully participate in commission split. The information contained in this advertisement is understood to be accurate and reliable but is not guaranteed. Please verify all information before using the information for decision-making purposes.