Company · Energy
Mitchell Energy & Development
Texas oil and gas company led by George Mitchell, who took it public and worked out shale-gas fracturing in the Barnett Shale. He sold it to Devon Energy in 2002.
Of the 1 person here linked to Mitchell Energy & Development, 1 is a founder and 0 are still there. These are people who succeeded, not the odds of succeeding.
Description and founding year: tshaonline.org. Each person's role links to its own source on their profile.
1 person at Mitchell Energy & Development
Founder Past
Role
Founder, chief shareholder and president; sold the company to Devon Energy in 2002
Source
· high confidence. No start year given: the Handbook of Texas dates the reorganization as Mitchell and Mitchell Oil and Gas Corporation to 1962 and a stock listing to 1972, and the company's own 1996 10-K (SEC) also says it sold 770,000 shares to the public in 1972 and was on the American Stock Exchange from 1972 until it moved to the NYSE in 1992, so the profile now says 1972. On price, Devon's 2002 10-K gives about $3.2 billion for the Mitchell merger ($3,074 million in cash and stock, $3,189 million with costs and assumed options), the Devon Wikipedia table says $3.1 billion, and the Handbook says $3.5 billion; the profile cites Devon's figure and the Handbook's.
Energy · Real Estate 7 / 3
George Mitchell
Founder, Mitchell Energy & Development; developer of The Woodlands, Texas
working-class immigrant · outsider · college degree