michael herd oil net worth

Dan is also actively engaged in environmental stewardship in his home state of Texas, where he serves as chairman of the Texas Parks and Wildlife Commission.The entrepreneur of "eatertainment." Source of wealth: Dell computers, self-made. Also drills for oil in Colombia.

“It could have gone very, very badly wrong.”And with that he’s off to catch the Eurostar—in search of the next deal.In its 50-year history, the publicity-shy energy company hasn't seen an annual loss. While professional photos of the event were Specific details about the ceremony itself have not been made public, and that makes sense since it is something of a private moment between the new man and wife. After a bout with esophageal cancer in 2004, he began buying up other planes in earnest. Duncan, formerly the richest man in Houston, died in  2010 at 77. “I don’t know the answer.”After mulling things over, he says Vitol will benefit from “natural market growth.” He also says he wants to buy more assets to complete the creation of what in the oil industry is known as “a system”—a cache of oilfield stakes, refineries, tanks, and petrol stations spanning the cycle from the ground to the gas tank—just like Big Oil. He's given $25 million to the Univ. At one point, Vitol talked about selling a stake to Petronas, the state-controlled Malaysian oil company with which Taylor had developed a close relationship during his time in Singapore. Detinger, now 81 years old, remembers that Vietor’s father told him: “You have 6 months—if it doesn’t work, you’re out.”The company’s first accounts showed a small profit and a balance sheet of 200,000 guilders including the value of the owners’ two cars. Sometimes the market severely restricts profit-making; this was the case in 2012, 2013, and the late 1990s. Hildebrand's biggest payday came in 2011, when he turned a $100 million investment in the Eagle Ford shale into $1.4 billion with a sale to Marathon Oil.
Arnold and his wife Laura, who are signatories of the Giving Pledge, have since devoted most of their time to philanthropy, specifically their $1.4 billion Laura and John Arnold Foundation. With his late wife Lee, he established the Lee and Joseph D. Jamail Foundation in 1986, through which he has given millions to education, medical research and the performance arts. Started as a bag boy at age 8. “It was a deal which, to be honest, got much larger than it should have,” he says.Over half a century (the company will celebrate its 50th anniversary in August) Vitol has never suffered an annual loss. The one-time bankruptcy attorney turned shale-gas legend is now staffing up in the Marcellus shale gas for the third time. Last October his Petro-Hunt sold a big chunk of its acreage in the Bakken oilfields of North Dakota to Halcon Resources for $1.5 billion in cash and stock. juggernaut. In happier news, Rainwater's wife, Darla Moore, a legendary investment banker in her own right, was one of the first two women admitted last summer as members at Augusta National Golf Club. He later studied Islamic law in Cairo. Rick Perry appointed Hildebrand a regent of the University of Texas earlier this year; he serves on the boards of the Greater Houston Community Foundation, the Houston Livestock Show and Rodeo, and Catholic Charities of the Archdiocese of Galveston-Houston.Father Reese made a fortune in oil and gas with Tana Petroleum.

It also grapples for market share against As for the future, Vitol faces a daunting fact: The best days of oil trading are almost undoubtedly in the rearview mirror.

In 2010, as a reward for doubling the size of the company, every Hilcorp employee got $50,000 to buy a new car. You need a big balance sheet to invest in LNG. The Baylor College of Medicine announced last year that its outpatient clinic on the McNair Campus would be named the Lee and Joe Jamail Specialty Care Center to honor them.Bit by the land bug in a big way, in the past two years Dan (57) and his brother Farris (61) have been buying ranches across the west. Davis and fellow Forbes 400 member Kelcy Warren acquired the gas pipeline company Cornerstone in 1993. A big backer of conservative causes, Simmons gave more than $25 million to Republican super PACs during the 2012 presidential election. In 2012 the couple made an estimated $200 million donation to Baylor University in Waco, Texas to bankroll a new football stadium.

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