Mitchell Energy and Development Corporation

Mitchell Energy and Development Corporation was an American company focused on exploring and developing natural gas resources, particularly in Texas. It played a significant role in advancing hydraulic fracturing (fracking) technology, which involves injecting fluid into underground rock formations to release natural gas. This innovation revolutionized the energy industry by making previously inaccessible gas reserves commercially viable. Mitchell Energy’s efforts contributed substantially to the increased availability of natural gas, helping to lower energy prices and transform the U.S. energy landscape. The company was acquired by Devon Energy in 2002, further integrating its technological advancements into the broader energy sector.