It was during this period that Pickens led Mesa's successful acquisitions of Pioneer Petroleum and the mid-continent assets of Tenneco.These as well as other deals placed Pickens at the center of controversy during the 1980s.Pickens led Mesa's first major acquisition, a takeover of the Hugoton Production Company, which was 30 times the size of Mesa.He then shifted his focus to acquiring other oil and gas companies by making solicited and unsolicited buyout bids and other merger and acquisition activity.Although the newspaper owner, Morris Communications, replaced its publisher twice during the conflict, Pickens' attempts to have the paper change its editorial policy failed.
In his 2008 book, The First Billion is the Hardest, he noted a belief in the "peak oil" theory.
As of November 2016, Pickens has a net worth of 0 million.
Pickens was born in Holdenville, Oklahoma, the son of Grace (née Molonson) and Thomas Boone Pickens.
In 1997, Pickens founded BP Capital Management (then called BP Energy Fund) – the initials standing for "Boone Pickens" and not related to British Petroleum.
He holds a 46% interest in the company which runs two hedge funds, Capital Commodity and Capital Equity, both of which invest primarily in traditional energy companies such as oil, natural gas, and nuclear power corporations like Halliburton, Schlumberger, and Shaw Group.
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His father worked as an oil and mineral landman (rights leaser).