From the Publisher
About the Author
He founded Mesa Petroleum in 1956, when he founded Petroleum Exploration with Eugene McCartt and John O'Brien. In three years, PEI had attracted a group of Amarillo investors and in 1958, discovered eight gas and one oil well in sixteen tries. In 1959, Pickens formed Altair Oil and Gas Company which explored oil in Canada, serving both as president and major stockholder.
The next years saw continuous growth, with the formation of Standard Gilsonite in 1960, and remarkable increase in both employees and investors. PEI eventually evolved to become Mesa Petroleum (after a friendly merger with Pioneer, a large Amarillo independent oil and gas company), also known as Mesa Limited Partnership, the nation's largest independent producer of domestic oil and gas and one of its largest gas producers.
Pickens also succeeded in oil futures, but it was his repeated attempts to take over companies much larger than his own that led to his and the company's greatest fame. By the 1980s he came to believe that acquiring other companies had become more profitable than oil exploration and production. His skill lay in an ability to identify undervalued companies and make a profit when outside parties and the markets recognized their value.
Mr. Pickens is a respected spokesman for business and industry. He has earned a national reputation for his innovative thinking and executive management.