Sold 63-acre ranch in Palo Pinto County, Texas. Lonesome Pine Ranch Lipan, Texas . Its proximity to Stephenville, known as the “Cowboy Capital of the World,” makes it an excellent property for horse enthusiasts. This ranch is well-equipped for a variety of uses, featuring a 4-stall barn, horse pens, tack room, five loafing sheds, and fenced and cross-fenced.