T. Boone Pickens

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T. Boone Pickens

An American oilman and business man. He founded an oil company, Mesa Petroleum, in 1956, and built it into one of the largest independent oil companies in the world. In the 1980s, Mesa was deeply involved in mergers and acquisitions, buying and attempting to buy companies much larger than it was. Pickens developed a reputation as a greenmailer, one who buys stock in a company and forces the company to buy it back at a large premium to avoid a hostile takeover. In 1997, he established BP Capital Management, which manages hedge funds. He is also a noted patron of his alma mater, Oklahoma State University. He was born in 1928.
References in periodicals archive ?
SAN FRANCISCO: Oil prices could hit $100 a barrel by the end of next year, US oil magnate T Boone Pickens said, revising his previous forecast which said they would reach that level as early as this year.
T Boone Pickens, leading philanthropist and one of America's most influential businessmen, is the honorary chairman of National Hunting and Fishing Day 2011.
Among the 40 individuals and families who signed on for what is probably the biggest private giveaway in history were tech billionaire Larry Ellison, the founder of Oracle; New York Mayor Michael Bloomberg; film-maker George Lucas; CNN founder Ted Turner; oil entrepreneur T Boone Pickens; entertainment executive Barry Diller and eBay founders Jeff Skoll and Pierre Omidyar.
Among the billionaires who announced they were joining the campaign were New York Mayor Michael Bloomberg, entertainment executive Barry Diller, Oracle co-founder Larry Ellison, energy tycoon T Boone Pickens, media mogul Ted Turner, banker David Rockefeller and investor Ronald Perelman.
T BOONE PICKENS, THE TEXAS oil billionaire, has scrapped his plans to build a giant wind farm in the Texas panhandle.
Senators Harry Reid, Robert Menendez and Orrin Hatch, accompanied by Texas oilman T Boone Pickens on Wednesday introduced newly proposed legislation called the New Alternative Transportation Act (NAT GAS) that will encourage the development and purchasing of natural gas vehicles.
Energy investor T Boone Pickens questioned whether US natural gas production can continue its robust growth with just 300 drilling rigs working to find gas.Last week, the number of rigs drilling for gas fell by 10 to 310, while rigs drilling for oil rose by 6 to 1,542, according to data from oil services firm Baker Hughes.
Senators Harry Reid, Robert Menendez and Orrin Hatch, accompanied by Texas oilman T Boone Pickens on Wednesday introduced newly proposed a Natural gas legislation that will encourage the development and purchasing of natural gas vehicles.
T Boone Pickens took a wrong turn and it has cost him dearly as oil prices have tumbled, resulting in roughly $1 billion in losses for one of his energy-focused hedge funds, the Texas energy tycoon told Reuters.