History of T. Boone Pickens in Timeline
T. Boone Pickens was an American business magnate, financier, and hedge fund manager. He gained prominence as a takeover operator and corporate raider in the 1980s. Pickens chaired BP Capital Management and amassed a substantial net worth, estimated at $500 million as of November 2016. He was a significant figure in the world of finance and corporate restructuring.
May 22, 1928: T. Boone Pickens Jr. Born
On May 22, 1928, Thomas Boone Pickens Jr. was born. He later became a business magnate and financier.
1949: Marriage to Lynn O'Brien
In 1949, T. Boone Pickens married Lynn O'Brien and had four children with her.
1951: Graduation from Oklahoma State University
In 1951, Pickens graduated from Oklahoma State University with a degree in geology.
1954: Departure from Phillips Petroleum
In 1954, Pickens left his employment at Phillips Petroleum.
1956: Founding of Mesa Petroleum
In 1956, Pickens founded the company that would later become Mesa Petroleum.
1971: Divorce from Lynn O'Brien
In 1971, T. Boone Pickens divorced Lynn O'Brien.
April 1972: Marriage to Beatrice Carr Stuart
In April 1972, T. Boone Pickens married Beatrice "Bea" Carr Stuart and adopted one of her daughters.
1980: Start of Political Donations
Since 1980, Pickens made over $5 million in political donations.
1981: Mesa becomes one of the largest independent oil companies
By 1981, Mesa had grown into one of the largest independent oil companies in the world, Pickens led Mesa's first major acquisition, a takeover of the Hugoton Production Company.
1984: Received the Golden Plate Award
In 1984, T. Boone Pickens received the Golden Plate Award of the American Academy of Achievement.
March 1985: Pickens on Time Magazine Cover
In March 1985, T. Boone Pickens gained widespread public recognition after appearing on the cover of Time magazine following the Gulf Oil takeover attempt.
1986: Creation of United Shareholders Association (USA)
In 1986, Pickens was involved in the creation of the United Shareholders Association (USA) to influence corporate governance.
1988: Consideration of Presidential Run
In 1988, Pickens briefly considered running for president of the United States.
1989: Move to Dallas Suburb
In 1989, Pickens and Mesa moved to a suburb of Dallas.
1993: USA's final year
1993 marks the final year of the United Shareholders Association.
1996: Sale of Mesa to Richard Rainwater
In 1996, Mesa was in financial trouble and was sold to financier Richard Rainwater, who subsequently had Pickens removed from the company.
1997: Merger of Mesa with Parker & Parsley
In 1997, Mesa merged with Parker & Parsley Petroleum to form Pioneer Natural Resources.
1997: Formation of Pickens Fuel Corporation
In 1997, Pickens formed Pickens Fuel Corporation to promote natural gas as a vehicular fuel alternative.
1997: Founding of BP Capital Management
In 1997, Pickens founded BP Capital Management (then called BP Energy Fund).
July 1998: SEC Approves One-Share, One-Vote Rule
In July 1998, after debate, the Securities and Exchange Commission approved a one-share, one-vote rule, a primary objective of the United Shareholders Association (USA).
November 2000: Marriage to Nelda Cain
In November 2000, T. Boone Pickens married Nelda Cain.
2001: Reincorporation as Clean Energy Fuels Corporation
In 2001, Pickens Fuel Corporation reincorporated as Clean Energy Fuels Corporation, operating natural gas fueling stations across North America.
2003: $70 million donation to OSU
In 2003 Pickens donated $70 million to OSU through O.S.U. Cowboy Golf, Inc.
2003: Inducted into the Oklahoma Hall of Fame
In 2003, T. Boone Pickens was inducted into the Oklahoma Hall of Fame.
November 2004: Divorce from Nelda Cain
In November 2004, T. Boone Pickens divorced Nelda Cain.
2004: Contributions to Republican 527 Groups
In 2004, Pickens contributed to Republican 527 groups, including contributions to Swift Vets and POWs for Truth and Progress for America.
2004: Support to Swift Vets and POWs for Truth
In 2004, Pickens supported the Swift Vets and POWs for Truth group during the presidential election.
December 30, 2005: $165 Million Gift to Oklahoma State University
On December 30, 2005, Pickens donated $165 million to Oklahoma State University, invested in a hedge fund controlled by Pickens.
2005: Contribution to Bush's Inauguration
In 2005, Pickens contributed the maximum amount of $250,000 to George W. Bush's second inauguration.
2005: Marriage to Madeleine Paulson
In 2005, T. Boone Pickens married Madeleine Paulson, the widow of Allen E. Paulson.
2005: Texas Law to Promote Wind Energy Projects
In 2005, Texas implemented a law designed to promote new wind energy projects.
2005: Hurricane Katrina Relief Efforts
In 2005, in the wake of Hurricane Katrina, Pickens and his then-wife Madeleine chartered airplanes to transport dogs rescued from floodwaters in New Orleans and donated $7 million via BP Capital LLC.
2006: Pickens' Earnings from BP Capital
In 2006, Pickens earned $990 million from his equity in the two funds and $120 million from his share of the 20% fees applied to fund profits.
February 2007: Donation to Happy Hill Farm for New Campus
In February 2007, T. Boone Pickens donated $1 million to Happy Hill Farm for the construction of a new academic campus at the residential school.
May 16, 2007: Donation to UT Southwestern Medical Center and M.D. Anderson Cancer Center
On May 16, 2007, T. Boone Pickens donated $100 million to the UT Southwestern Medical Center at Dallas and The University of Texas M. D. Anderson Cancer Center in Houston. The donation requires growth to $1 billion within 25 years before disbursement.
July 16, 2007: Support for Rudy Giuliani
On July 16, 2007, Pickens wrote an article for National Review supporting Rudy Giuliani for president.
July 28, 2007: OSU Investment in BP Capital Management
On July 28, 2007, the Board of Regents of Oklahoma State University approved a resolution to move $28 million from the OSU Foundation into Pickens' BP Capital Management company.
August 16, 2007: Mesa Power Announces Texas Wind Farm Project
On August 16, 2007, T. Boone Pickens' Mesa Power announced it had filed documents to add four gigawatts of electricity to the Texas grid with up to 2,700 turbines on up to 200,000 acres, projecting completion in 2011.
August 23, 2007: Donation to Happy Hill Farm Academy/Home
On August 23, 2007, it was reported that T. Boone Pickens would be donating $2.5 million to Happy Hill Farm Academy/Home, a residential school for at-risk children and teenagers, to build a training center and guest lodge.
September 19, 2007: Prediction of Oil Price Increase
On September 19, 2007, T. Boone Pickens told CNBC that the price of oil could rise to $100 per barrel, citing increased demand and flat supply, and promoted natural gas for vehicles.
November 6, 2007: Million-Dollar Challenge to Dispute SVPT Claims
On November 6, 2007, Pickens offered a million dollars to anyone able to dispute claims made by the Swift Vets and POWs for Truth (SVPT).
November 16, 2007: Kerry Accepts Pickens' Challenge
On November 16, 2007, John Kerry accepted Pickens' challenge and Pickens narrowed the original challenge.
December 5, 2007: Donation to Jubilee Park
On December 5, 2007, the Dallas Business Journal reported that T. Boone Pickens had donated $6 million to Jubilee Park in Dallas and would start demolition of an abandoned building near a kindergarten program.
2007: Pickens has twelve grandchildren
As of 2007, Pickens had twelve grandchildren.
2007: Pickens' Earnings Skyrocket
In 2007, Pickens earned $2.7 billion due to the growth of BP Capital Equity Fund and Capital Commodity fund, which had large positions in stocks like Suncor Energy, ExxonMobil and Occidental Petroleum.
January 2, 2008: First Contract for $100 bbl Oil Sold
On January 2, 2008, the first contract for $100 per barrel oil was sold on the NYMEX exchange.
January 30, 2008: Pickens Ready to Buy Wind Turbines
On January 30, 2008, it was reported that T. Boone Pickens was ready to start buying wind turbines for his Texas wind farm project within a month, planning to purchase between 1,700 and 2,000 turbines costing $200-300 million.
May 15, 2008: Mesa Power Orders Turbines from General Electric
On May 15, 2008, T. Boone Pickens' Mesa Power announced a first order for 667 1.5-megawatt turbines from General Electric for delivery in 2010 and 2011.
May 21, 2008: $100 Million Donation to OSU Academics
On May 21, 2008, Pickens donated $100 million to academics at Oklahoma State University, to be matched by the state of Oklahoma.
June 20, 2008: Donation to University of Calgary's Faculty of Medicine
On June 20, 2008, T. Boone Pickens donated $25 million to the University of Calgary's Faculty of Medicine during a visit with Calgary Flames owner Harley Hotchkiss.
June 22, 2008: Vietnam Veterans Respond to Challenge
On June 22, 2008, a group of Vietnam veterans responded to Pickens' challenge, rebutting accusations of the Swift Boat group.
July 8, 2008: Announcement of the Pickens Plan
On July 8, 2008, T. Boone Pickens announced a major energy policy proposal called the Pickens Plan, aimed at reducing U.S. dependency on foreign oil by converting the commercial transport sector to natural gas and utilizing the wind corridor in the Great Plains.
July 2008: Congressional Testimony on the Pickens Plan
In July 2008, T. Boone Pickens testified before Congress on the Pickens Plan, noting it would generate new jobs and provide economic stimulus but would require new transmission lines.
July 2008: Oil Price Briefly Closed Above $145
In early July 2008, the price of oil briefly closed above $145 per barrel.
July 17, 2008: Texas Approves Funding for Transmission Lines
On July 17, 2008, the Texas Public Utilities Commission approved ratepayer funding of $4.98 billion in electric transmission lines to connect wind farms in the Texas Panhandle to the electric grid.
September 2008: Oil Price Settles Under $110
By the beginning of September 2008, the price of oil settled to under $110 per barrel.
October 9, 2008: Oil Price Plummets Below $85
By October 9, 2008, the price of oil plummeted back below $85 per barrel.
October 2008: Decline in Value of OSU Donations
In October 2008, it was reported that Pickens's gifts to Oklahoma State University had seen a large decline in their market value due to the financial recession.
October 21, 2008: Donation to Downtown Dallas YMCA and Renaming
On October 21, 2008, T. Boone Pickens donated $5 million to the Downtown Dallas YMCA, which was subsequently renamed the "T. Boone Pickens YMCA" in his honor to encourage fitness and health.
November 2008: Rejection of California Proposition 10
In November 2008, California voters rejected Proposition 10, a referendum on natural gas, which Pickens' company Clean Energy Fuels Corporation primarily backed.
November 21, 2008: Oil Price Falls Below $50
As of November 21, 2008, the price of oil had fallen below $50 a barrel, mostly due to fears of a global recession.
December 2008: Honored as Texan of the Year
In December 2008, the Texas Legislative Conference honored T. Boone Pickens as its "Texan of the Year."
2008: Publication of 'The First Billion Is the Hardest'
In 2008, Pickens' book, "The First Billion Is the Hardest", was published, in which he expressed belief in the "peak oil" theory.
July 8, 2009: Postponement of Texas Wind Farm Plans
On July 8, 2009, it was reported that T. Boone Pickens postponed plans to build his Texas wind farm due to unavailable transmission line capacity and financing issues, but was still committed to purchasing wind turbines and developing wind projects.
July 2009: Controversy Over Removal of Concrete Slab
In July 2009, T. Boone Pickens was involved in a controversy after removing a signed concrete slab from his grandmother's former home, now owned by someone else, in Holdenville, Oklahoma.
2009: Franklin Institute Bower Award
In 2009, Pickens received The Franklin Institute "Bower" Award for Business Leadership recognizing his visionary leadership in energy production and philanthropic contributions.
2009: Restated Oil Price Prediction
In early 2009, T. Boone Pickens restated his prediction that the price of oil would be back to $100 a year from then during a Meet the Press interview.
February 2010: Judge Rules on Concrete Slab Ownership
In February 2010, a judge ruled that the concrete slab removed by T. Boone Pickens belonged to the current homeowner of the property.
May 2010: Endorsement of Pickens Plan by Kerry
In May 2010, during a meeting with reporters, John Kerry endorsed key provisions of "the Pickens Plan," incorporating aspects of that in the Kerry-backed legislation calling for the greater use of domestic natural gas.
May 22, 2010: Oil Price Bet Outcome
On May 22, 2010, the bet between T. Boone Pickens and John Stossel about the price of oil ended with the price of oil at $69.92, below the $100 threshold Pickens predicted.
December 10, 2010: Pickens Cites Low Natural Gas Prices
On December 10, 2010, MSNBC reported that T. Boone Pickens said low natural gas prices have made utility companies view wind power as too expensive.
December 15, 2010: Pickens Scraps Wind Farm Plans
On December 15, 2010, it was reported that T. Boone Pickens had scrapped plans for wind farms and would instead focus exclusively on natural gas due to low natural gas prices making wind power too expensive for utility companies.
2010: Awarded "Effecting Change" Award and Donation to UT Dallas Center for Brain Health
In 2010, T. Boone Pickens was awarded the annual "Effecting Change" award by 100 Women in Hedge Funds. Additionally, Pickens donated over $11 million to The University of Texas at Dallas Center for Brain Health.
2010: Turbine Delivery
In 2010, deliveries began of the 667 1.5-megawatt turbines from General Electric.
2011: Turbine Delivery
In 2011, deliveries began of the 667 1.5-megawatt turbines from General Electric.
2011: Projected Completion of Wind Farm
The filing with the Electric Reliability Council of Texas (ERCOT) projected that the Mesa Power wind farm project would be completed in 2011 and would include up to 2,700 turbines on up to 200,000 acres in the Texas Panhandle.
May 2012: Awarded the Albert Schweitzer Leadership Award
In May 2012, T. Boone Pickens was awarded the Albert Schweitzer Leadership Award by the Hugh O'Brian Youth Leadership Foundation for his lifetime of accomplishments.
2012: Divorce from Madeleine Paulson
In 2012, T. Boone Pickens and Madeleine Paulson divorced amicably.
January 2013: Death of Grandson Ty Boone Pickens IV
In January 2013, T. Boone Pickens' 21-year-old grandson, Thomas "Ty" Boone Pickens IV, died from a heroin overdose.
February 21, 2013: Support for Eco-Friendly Food Truck
On February 21, 2013, T. Boone Pickens spoke on behalf of Clean Energy Fuels with New York City Mayor Michael Bloomberg in support of Neapolitan Express, a new eco-friendly food truck emitting 75% fewer greenhouse gases.
December 4, 2013: Engagement to Toni Chapman Brinker
On December 4, 2013, it was reported that T. Boone Pickens had proposed to Toni Chapman Brinker at his ranch in Pampa.
February 14, 2014: Marriage to Toni Chapman Brinker
On February 14, 2014, T. Boone Pickens married Toni Chapman Brinker.
November 2016: Pickens' Net Worth
As of November 2016, T. Boone Pickens had a net worth of $500 million.
June 2017: Divorce from Toni Chapman Brinker
In June 2017, T. Boone Pickens and Toni Chapman Brinker divorced.
2017: Declining Health and Health Issues
In 2017, T. Boone Pickens suffered declining health, including a series of strokes and a fall.
2018: Closure of BP Capital Management
In 2018, due to declining health, Pickens closed BP Capital Management.
September 11, 2019: T. Boone Pickens Jr. Death
On September 11, 2019, T. Boone Pickens Jr., the American business magnate and financier, passed away.
September 18, 2019: Publication of Final Message
On September 18, 2019, T. Boone Pickens' foundation published "A final message from T. Boone Pickens", a personal reflection about his life, lessons learned, and mortality, shared before his death on September 11, 2019.
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