In 1984, he was the recipient of an honorary doctoral degree from the University of Houston. In 2002 Mitchell sold his company, Mitchell Energy & Development, for $3.5 billion to Devon Energy, where he remains the biggest shareholder. "His ambition and success have transformed our region," Houston Mayor Annise Parker said. The master plan for the community called for preserving trees, protecting the environment, minimizing flooding and creating a "pleasant"[vague] urban environment. Afterward, he struck out on his own with a brother and a partner as a wildcatter operation. But the biggest difference was down to the efforts of one man: George Mitchell, ... who saw the potential for improving a known technology, fracking, to get at the gas. Shale companies that declared executive bonuses days before going bankrupt could learn from Rio Tinto. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Ghislaine Maxwell Court Records Will Be Made Public, Judge Rules. In 2012, he committed an additional $20 million to the Mitchell Institute for Fundamental Physics and Astronomy. Billionaire Texas oilman, developer and philanthropist George P. Mitchell, considered the father of fracking, died Friday at his home in Galveston, his family said. He participated in the development of about 10,000 wells, including more than 1000 wildcat wells. [26][27] Mitchell died at the age of 94 on July 26, 2013, at his home in Galveston of natural causes, while surrounded by relatives. He is considered the chief pioneer of hydraulic fracturing, the now common industry process known as fracking that uses chemicals with water under high pressure to crack open rock formations and release oil and natural gas. David Dewhurst both called Mitchell a true Texas legend. [5] His father, Savvas Paraskevopoulos, was from the village of Nestani in Arcadia, tended goats before immigrating to the United States in 1901, arriving at Ellis Island at the age of 20. He was survived by his sister, Maria Mitchell Ballantyne; his ten children, daughters Pamela Maguire, Meredith Dreiss and Sheridan Lorenz, and sons Scott, Mark, Kent, Greg, Kirk, Todd and Grant; 23 grandchildren, 5 great grandchildren and 19 nieces and nephews. He later would call it his most satisfying achievement. It’s too complex. [9], Mitchell and his wife were also major supporters of Texas A&M's marine studies orientated branch campus Texas A&M University at Galveston (TAMUG), donating the land for the main campus and the main campus is named in honor of Mitchell's father. [12] Mitchell Energy & Development Corp. was later acquired by Devon Energy. The father of natural gas shale drilling, George Mitchell was the first to use hydraulic fracking to crack open the Barnett shale field in Texas. Yawn. He was the son of Michael Mitchell and Katina (Eleftheriou) Mitchell. On the long drive through New Mexico to the Albuquerque airport, I found myself thinking about the last time I visited Mitchell at his office in downtown Houston. ", "He had the right mix of vision, optimism and tenacity, and a love for his fellow man," the Mitchell family statement said.

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