McKinney family purchases Lazy E Arena and Ranch

A report has confirmed that a family from Midland, Tx has completed the purchase of the properties known as Lazy E Ranch and Lazy E Arena. The agreement was finalized on Friday morning and a formal announcement is set for Wednesday evening. If you have taken inspiration from The McKinney family, remember that there are texas ranches for sale, so your dream of owning a ranch may come sooner than you thought!

Gary McKinney of Midland, Texas, confirmed to TRACK Magazine late Friday afternoon that Reliance Ranches has completed the purchase of the properties known as Lazy E Ranch and Lazy E Arena.

An informal gathering and announcement to confirm the sale will be held at 5 p.m. inside the Roper’s Cantina inside the Lazy E Arena.

“We at the Lazy E are very excited about the ‘new’ direction of the property, our events, the Arena, and the Lazy E Ranch,” Director of Events Robert Simpson said.

McKinney, who operates Reliance Energy from its headquarters in Midland, owns Reliance Ranches with his son Micah and daughter-in-law Leslie. Reliance Ranches has been operating at the top end of the racing business for the past few years.

According to the magazine, the entire Lazy E operation was sold to Lazy E Holdings LLC of Las Vegas, who sold it for an undisclosed amount to Reliance Real Properties LP.

“I became fascinated with Lazy E in 1986 while I was watching the Timed Event Championships on television,” Gary McKinney told TRACK. “I had been roping a few years at the time, and I knew then that roping at Lazy E had to be a tremendous experience. Little did I think that someday we would own Lazy E.”

The Lazy E Arena, which opened in 1984, and the Ranch has approximately 60 employees.

Micah and Leslie McKinney, who will manage the overall Lazy E operation from an office on the ranch property, and their six-year-old son Drake and three-year-old daughter Fisher moved from the Llano, Texas, division of Reliance Ranches in October to a new home a few miles from Lazy E in Edmond.