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TODAY IN ENERGY: U.S. natural gas production reaches a new record despite low prices


  • Pickens was known as a corporate raider in the 1980s, targeting Gulf Oil, Unocal and Phillips Petroleum, a company later targeted by Icahn.
  • The companies became Mesa Petroleum, which Pickens took public in 1964 and became one of the largest independent oil and gas companies in the United States.
  • Corporate raider: ‘Big Oil was never the same'Five years after creating Mesa, Pickens targeted Hugoton Production for a hostile takeover, seeing that the value of Hugoton's extensive gas reserves in Kansas dwarfed its low stock price.



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