GUTHRIE — Midland, Texas-based Reliance Ranches has bought the Lazy E Arena and Ranch from its Las Vegas-based owners for an undisclosed price.
Reliance Ranches is owned by the Midland-based McKinney Family, led by Gary McKinney, president of Midland-based oil and gas company Reliance Energy.
“We just really love the property — they have really good stallions over there and whenever we got the opportunity to do a deal, we did,” said McKinney, who runs Reliance Ranches with his son Micah and daughter-in-law Leslie McKinney, who will manage the operations at Lazy E.
Gary and Micah McKinney are veteran ropers and are also heavily involved in quarter horse racing and breeding.
Reliance completed the purchase of the 960-acre facility in Logan County from Lazy E Holdings LLC on Friday.
The transaction includes the 7,400-seat Lazy E Arena, a horse breeding facility with a stable of racing-bred American Quarter Horse stallions and a training center with a five-eighths-mile racetrack, along with barn, and horse boarding facilities.