Award-Winning Cattleman Liquidates Operation for Oil Venture

PERKINS, Okla., Aug. 14, 2012 /PRNewswire/ -- A slice of the "American Dream" is heading to the auction block this Saturday, as Limestone, LLC liquidates its assets. What was once a gentleman's hobby grew into one of the premier cattle operations in Oklahoma with a capacity for 5,000 head and national recognition for their top-shelf genetics. And now, Chris "Big Daddy" McCutchen, the man behind Limestone, is selling the whole enterprise to invest in domestic oil production.

The liquidation will consist of a series of four auctions northeast of Oklahoma City (near Stillwater), starting August 18 and ending on September 22 - first the feedlot, then the feedlot equipment, then the jaw-dropping main ranch, and finally the ranch's farm equipment.

"Chris was invested in this place at the heart level," said Gregg Pickens, the auctioneer McCutchen has entrusted with the liquidation. "Chris had a passion for the cattle business - not just to participate but to be great. I know this wasn't an easy decision for him to make."

McCutchen started hauling hay at 15, married his high school sweetheart, then worked up to a partnership in 1985 in Goober Drilling and Special Energy. As business grew leaps and bounds, he pursued Angus cattle ranching as a hobby; and then in 1999, it became a way of life. A little over a decade later, McCutchen now sees a bright future - one that will benefit his seven grandkids' generation - in his other passion: domestic energy production.

The two ventures started in 2011, Horizon Energy Services, LLC, and Cimarron Directional Drilling, LLC, currently employs 310 employees, including three of his own children. In addition to 11 rigs stationed in his home of Oklahoma, McCutchen's now directional drilling in Utah, and Texas.

McCutchen is not new to investing in his local economy. Pickens wrote in one of his promotional pieces, "As a supporter of many worthwhile charities and organizations - especially 4-H and FFA - his support has certainly made Perkins and the surrounding area what it is today: a thriving and growing community."

In addition to regional and national investors in attendance, a large crowd from the local community is expected to attend the series of auctions. "You don't see auctions like this every day," commented Pickens. "Chris has meant a lot to me and my family, and we're going to do our dead-level best to get the right bidders in the room and the highest price possible for this landmark in our community."

Gregg Pickens is available for further comment at (405) 533-2600 and [email protected]. More information about the auctions are available at www.pickensauctions.com. Photos and promotional materials are available upon request.

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SOURCE Gregg Pickens