Lost Lake Ranch is steep in history, dating back to the 1880s when the ranch was originally established. The ranch got its name from the playa lake that maintained water year-round until the 1950s and now holds water depending on the rains. Fossils from when the land was under water some 260 million years ago, Native American artifacts, United States Army (Calvary) artifacts from the nearby and once active Fort McKavett (1852-1883) as well as various pieces of history have all been found around the lake. Protecting that history and the land are of utmost importance at LLR.

Owners, Bob & Diane Malone, purchased Lost Lake Ranch in 1998 after a career traveling the world in the oil and gas industry. Both have ties to agriculture and wanted a place to leave their children and grandchildren. Diane is a Native American and has direct family ties to sheep herding and production in Colorado. Bob grew up in a small, rural town in Northeast Texas working on farms as a kid.

After purchasing Lost Lake Ranch, and later an adjacent ranch, the couple knew that work needed to be done on the ranch. They started with brushwork, prickly pear control, conservation burns, and adopting holistic ranching. Holistic ranching is utilizing multiple species grazing to ensure complete grazing.

The Malones, along with their sons, Ryan and Michael, and their grandchildren all help care for the livestock on the ranch with the goal of a profitable ranching operation while improving the land for future generations. The main goal for Lost Lake Ranch is to leave the land better than they found it. They work toward that goal as a family through raising Spanish goats, Dorper-Croix sheep, and cattle.

The livestock are marketed through mainly private treaty sales, with some being marketed conventionally. When working with Lost Lake Ranch and the Malone family integrity and honesty are paramount. Lost Lake Ranch produces a quality product from someone who is in the business for the long haul.