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Mitchell opts to go it alone as niche gas player

08/28/2000
By CHRISTY HITCH
George MitchellClick here to enlarge imageUnlike many other US independent producers these days, Mitchell Energy & Development Corp., The Woodlands, Tex., has resisted the urge to merge and has decided to go it alone as a niche player in the US natural gas market.Sitting atop an enviable acreage position concentrated in North Texas, Mitchell is again poised for growth to maintain its status as one of the top independent producers of natural gas and NGL in the US.The company is using the newly developed light sand fracturing technology in the Barnett shale in Newark East field in North Texas to increase its natural gas production. Natural gas sales for first quarter fiscal 2001 have alr...
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