George Phydias Mitchell (May 21, 1919 – July 26, 2013) was an American businessman, real estate developer and philanthropist from Texas credited with pioneering the economic extraction of shale gas.
He started an independent oil and gas company, Mitchell Energy & Development Corp. and built it into a Fortune 500 company. He participated in the development of about 10,000 wells, including more than 1000 wildcat wells.
In the 1980s and 1990s, the company pioneered new technology[clarification needed] for horizontal drilling of natural gas. This technique, combined with hydraulic fracturing of rock, makes it possible to economically extract natural gas from shale rock formations. The new approach has been widely adopted by the gas industry and spawned a new gas boom in North America.
In 2004, Forbes magazine estimated his net worth as $1.6 billion, placing him among the 500 richest people worldwide. He has signed The Giving Pledge (making a commitment to give most of his wealth to philanthropic causes).
Read more from his Wikipedia biography.
NATAL DATA and ASTROLOGY CHART
BIRTH DATA: [George Phydias] Mitchell, 21 May 1919, 03:00 (3 a.m.) CWT (+5), Galveston, Texas, USA (29n18, 94w48). ASC: 20 Pisces. RR: AA (from birth record). SOURCE: Sy Scholfield (©) quotes birth certificate on file.
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