Texas billionaire and natural gas/wing power evangelist, T. Boone Pickens increased holdings of natural gas producers through his fund BP Capital.
BP Capital increased stakes in such companies as Anadarko Petroleum Corp., Cabot Oil & Gas Corp., Chesapeake Energy Corp., Devon Energy Corp. and Forest Oil Corp. during the three-month period that ended Sept. 30, according to filing recorts.
Anadarko, Chesapeake and Devon were among the top five producers of gas in the U.S. in the first half of this year, according to the Natural Gas Supply Association. Devon Energy is a major player in British Columbia’s Horn River basin.
Mr. Pickens is a big believer that natural gas is the key to U.S. energy security and carbon emission reductions. He has spent millions of his own money promoting natural gas and wind power through the Picken’s Plan.
Bloomberg: Pickens Boosts Gas Holdings, Adds SandRidge, McMoRan
