Boomtown Dust to Dust | Chapter 3
Dec 24, 2019
David Arrington, an independent oilman with a flair for the dramatic, shares his adventurous escapades in the Permian Basin amid the 1980s oil bust. Lauren Steffi, an author who dives deep into George Mitchell's life, reveals how Mitchell's innovations in hydraulic fracturing revolutionized the industry. They reflect on the emotional rollercoaster of boom and bust, the resilience of Midland's community, and the legacy of Mitchell that paved the way for the U.S. energy independence story.
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David Arrington's Colorful Life
- David Arrington is a flamboyant Midland oilman known for extravagant personal stories like installing a slide in his 10,000 square foot house.
- He annually drives around in a bunny suit delivering Easter candy, blending wildcatter culture with playful community gestures.
1980s Permian Bust Dynamics
- The 1980s Permian bust was triggered by global oil oversupply and Saudi Arabia flooding the market to regain share.
- This caused a collapse in prices that devastated Midland, shuttering banks and businesses, illustrating boom-bust vulnerability.
Arrington's Humble Start
- David Arrington began as a rookie landman in Midland during the bust, facing numerous rejections before making his first successful oil deal.
- He celebrated with a meal shared with a homeless man, symbolizing humble beginnings and perseverance.