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Toby Darden stomped on the ATV's gas pedal, carving through blustery winds to reach the far northern corner of his 37,000-acre West Texas ranch. He wanted to show off the crown jewel.
This wasn't the spectacular views of the Davis Mountains or the herds of aoudad rams with their distinctive curved horns. It was a big hole in the ground, the first cut at a well - not to bring oil up but water, the precious commodity of the Permian Basin drilling play.
The ranch's water rights were front-and-centre in marketing the property, which just went into contract for a hefty US$32.5 million.
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