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.