By Jim Stanford on January 2, 2013
The deal ensures that fracking will not occur in some of the headwaters of the Hoback River, and up to 136 wells will not be drilled in a pristine area prized for hunting, fishing, hiking and horseback riding.
The trust had been racing a Dec. 31 deadline to raise the necessary funding, which will be paid to Plains Exploration and Production of Houston, the company that owned the drilling rights.
“I can’t think of a better way to start off the New Year. This solution honors the wishes of the people of Wyoming and protects a vital corner of Greater Yellowstone for generations to come,” said Will Rogers, TPL president and CEO.
The largest donation came from Hansjörg Wyss, a Wilson homeowner who contributed $4.25 million through his charitable foundation. Joe Ricketts, the TD Ameritrade founder and part owner of the Chicago Cubs who owns a home near Bondurant, gave $1.75 million, including an eleventh-hour gift of $750,000 that pushed the campaign across the finish line, the trust said in a release.