No. 39 Fasken Family
279,000 acres (Up 19,000 acres)
Headquartered in the heart of the oil-rich Permian Basin, four generations of this Midland family have shepherded Fasken Oil & Ranch, one of the largest private energy companies in Texas. The family’s petrochemical holdings date back to 1913, when Toronto lawyer David Fasken bought 220,000 acres sight unseen. The family sold 90 sections to the Mabee family in the 1930s; it also owns land near Laredo. Since 1955, the Fasken Foundation has awarded millions of dollars in scholarships.
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