Texas wildcatter who struck enormous oil wealth in the Permian Basin — partnering with his friend Clint Murchison — and whose personal fortune (one of the largest in America at his death) was accumulated through extreme geological risk-taking and a lifelong bachelor's reinvestment of all profits.
Demonstrated the wildcatter's core strategy: take maximum geological risk, pay off debt immediately with early profits, and drill again — never diversifying from oil — accumulating an enormous fortune through the repeated application of the same high-risk process.
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