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Search resuls for: "Boone Pickens"


3 mentions found


☆ As oil majors cast shale nets, Texas oilman Sheffield made Pioneer the prized catch
  + stars: | 2023-10-16 | by ( Arathy Somasekhar | Thomson Reuters | Houston-Based Energy Reporter Focused On Oil Markets | ) www.reuters.com   time to read: +5 min
After college, Sheffield worked for Amoco Corp and later joined his father-in-law's oil company and became CEO five years later. That company would become Pioneer Natural Resources. On his return, he made Permian oil its sole focus: putting natural gas processing, oilfield services and South Texas shale assets on the block. He also embraced an emerging philosophy that emphasized shareholder returns over rapid production gains, rejecting a plan to more than quadruple Pioneer's oil production by 2026. Two of Sheffield's most significant insights were the major role technology would play in reshaping U.S. oil production and the recognition that big oil companies would eventually control the Permian, he said.
Persons: Scott Sheffield, Eduardo Munoz, Texas oilman Scott Sheffield, Dan Pickering, Sheffield's, Bryan Sheffield, Scott, Boone, Daniel Yergin, Sheffield, Darren Woods, he's, Doug Sheridan, He's, Bruce Vincent, Bryan, Arathy Somasekhar, Gary McWilliams, Marguerita Choy Organizations: Natural Resources Company, REUTERS, Rights, Natural Resources, Sheffield, Exxon Mobil, Pickering Energy Partners, SCHOOL Oil, Atlantic Richfield Co, Tehran school's American, Formentera Partners, Amoco Corp, Energy, Exxon, DoublePoint Energy, EnergyPoint Research, Swift Energy, Thomson Locations: New York, Texas, U.S, TEHRAN, Atlantic Richfield, Iran, Tehran, West Texas, Boone Pickens, South Texas, Sheffield, Houston
☆ Late oil tycoon T. Boone Pickens' massive Texas ranch just sold at a $60 million price cut after 5 years on the market — take a look inside
  + stars: | 2023-03-02 | by ( Madeline Stone | Libertina Brandt | Marielle Descalsota | ) www.businessinsider.com   time to read: +1 min
After languishing on the market for years, late oil tycoon T. Boone Pickens' massive Texas ranch has finally found a buyer. Mesa Vista RanchIn 2017, the late oil magnate listed his ranch in the Texas Panhandle, northeast of Amarillo, for $250 million. Five years later, the estate was sold — but for $60 million less than its listed price. But on January 14, 2020, the property received a $30 million price cut, reported Mansion Global. In late November, Pickens' estate finally sold, but at a further reduced price, Jay Rosser, a longtime representative for Pickens, told Insider.
☆ Late oil tycoon T. Boone Pickens' massive Texas ranch just sold for around $60 million less than its listed price — take a look inside.
  + stars: | 2020-01-24 | by ( Madeline Stone | Libertina Brandt | Marielle Descalsota | ) www.businessinsider.com   time to read: 1 min
In 2017, he made headlines for putting his 100-square-mile ranch in the Texas Panhandle, northeast of Amarillo, on the market for a whopping $250 million. Mesa Vista RanchT. Boone Pickens, a famous oil prospector, hedge-fund founder, and philanthropist, passed away on September 11,2019, at age 91. He founded the oil and gas company Mesa Petroleum and the hedge fund BP Capital Management. In 2017, he made headlines for putting his 100-square-mile ranch in the Texas Panhandle, northeast of Amarillo, on the market for a whopping $250 million. However, according to a report by Mansion Global, on January 14, 2020, the property received a $30 million price cut and is now listed for $220 million.
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