The former oil and gas executive who was the 14th President of the University of Oklahoma is back in the news. No, not for another public spat with former OU PResident and US Senator David Boren over University finances.
This time, James L. Gallogly has made the news for his $27 million purchase of a 10,350-acre ranch in northwest Colorado near Steamboat Springs. The purchase was made by Gallogly GP, LLC from the nationally-known rodeo Adams family from Nevada. The Motherwell ranch is located south of the small town of Hayden which sits to the west of Steamboat Springs according to the Steamboat Pilot and Today.
“We look forward to being part of the community,” said Gallogly through his real estate broker, Harrigan Land Company of Sedalia, Colorado. “Our family will continue to improve and preserve this legacy ranch for generations to come. We recognize our responsibility to be good stewards of some of God’s greatest creations.”
Realtor Brian Smith with Hall and Hall told the Pilot and Today the property was originally listed for sale at $33.5 million.
“I know it sounds like a cliche, but honestly, this ranch has it all. I’ve been blessed to be on a number of cool ranches in my lifetime and this is at the top of the list.”
The Adams family spent four decades building the Motherwell Ranch that boasts three natural alpine lakes. The Williams Fork River also runs through it.
“The fact that the ranch encompasses over 16 square miles of extraordinary diversity and beauty all in one contiguous and private block of land makes it extremely rare,” added Smith.
The ranch went up for sale six years ago after owner Wes Adams died in 2011. He grew the ranch from about 4,000 acres to the current 10,350 acres. The sale included a 6,240-square-foot lodge with five beds and six baths; an owner’s home at 4,544 square feet with 5 beds and 6 baths, three cabins plus “glamping” tents, a 42-stall horse barn and roping arena, riding trails, three private bridges and more than 60 miles of interior roads and trails.
The ranch also sits right in the middle of elk migration. But it’s not known whether the Gallogly family will open the hunting lodge and sporting privileges to private sportsmen. But a real estate broker said Gallogly will continue agriculture operations on the ranch which includes cattle and haying.
Gallogly made his money in oil and gas, holding executive positions with ConocoPhillips, ChevronPHillips and Phillips Petroleum. He is also a former Executive Officer of LyondellBasel and joined the DuPont board of directors in 2015.
He became OU’s 14trh president in July of 2018, succeeding former US Sen. David Boren. But Gallogly held the job for only 10 months during which time he had public exchanges with Boren over how Boren left the University struggling financially. Gallogly eventually retired in May of 2019.
