Billionaire Texas Oilman Dies At 94

HOUSTON (July 26, 2013)--Billionaire Texas oilman, developer and philanthropist George P. Mitchell has died at his home in Galveston at the age of 94, his family announced Friday.

Mitchell, the son of Greek immigrants who became one of the wealthiest men in the U.S., is considered the father of hydraulic fracking to recover natural gas from shale deposits, pioneering the now common process that led to an energy boom.

The announcement Friday on the family foundation website said he died of natural causes while surrounded by relatives.

Mitchell was born in Galveston, graduated at the top of his class at Texas A&M University in 1940 and was one of the school's top benefactors.

He and his wife, Cynthia, who died in 2009, had 10 children.


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