मैगज़्टर गोल्ड के साथ असीमित हो जाओ

मैगज़्टर गोल्ड के साथ असीमित हो जाओ

10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ

$149.99
 
$74.99/वर्ष

कोशिश गोल्ड - मुक्त

Sand Dollars

Forbes Middle East - English

|

Sep 2023

BUD BRIGHAM made a fortune drilling for oil, but his 42-mile-long conveyor belt of sand for fracking could make him a billionaire-assuming he can avoid the tiny lizards.

- Chris Helman

Sand Dollars

Growing up in Midland, Texas, there wasn’t a lot to do, Bud Brigham says. “We used to sled on the dunes—using a cardboard box. If you were really fancy you made a sled, put laminate on the bottom and waxed it.” Fifty years later, you can still sled the giant sand dunes at Monahans State Park. If you’re lucky you might spot a threatened three-inch dunes sagebrush lizard skittering amid the shinnery oak bushes.

What you will see for sure is sand trucks. Lots of them. Brigham’s company, Atlas Energy Solutions, fills up to 1,200 trucks a day, each with 24 tons of sand destined for oil fracking operations. Brigham’s no longer playing on the dunes; instead, he’s digging them up—to the tune of 10 million tons a year.

At the heart of Atlas’ mine in bone-dry Kermit, Texas, is the incongruous sight of a 50-acre blue lagoon, where barges dredge the sand, sucking it up through hoses. It goes through cleaners, dryers and screens, then into tall silos for loading into trucks.

The sand doesn’t have far to go. For hundreds of miles around Kermit, the landscape, known as the Permian Basin, is dotted with thousands of oil-and-gas wells, with dozens of new ones being fracked every day. You cannot frack without sand—and you need preposterous amounts of it, on the order of 10,000 tons per well. At the drilling site that sand is mixed with water, then injec ted at high pressure into the wellbore (often three miles down, then two or more miles horizontally). This subterranean blasting, Brigham explains, “props open fissures to let the oil and gas out.”

Forbes Middle East - English से और कहानियाँ

Forbes Middle East - English

Forbes Middle East - English

CHICKEN SCRATCH

NO ONE WOULD FINANCE TODD GRAVES' IDEA FOR A RESTAURANT SERVING ONLY CHICKEN FINGERS. SO HE WORKED AS A BOILERMAKER AND SALMON FISHER TO FUND IT HIMSELF. NOW RAISING CANE'S IS ONE OF AMERICA'S HOTTEST FAST-FOOD CHAINS AND GRAVES IS THE COUNTRY'S RICHEST RESTAURATEUR, WORTH $22 BILLION.

time to read

12 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Forbes Middle East - English

RIDING THE WAVE

Saudi Arabia's tourism revival under Vision 2030 is creating new opportunities. For Taiba CEO Sultan Al-Otaibi, acting fast is imperative and so is investing $880 million in eight prime projects to keep pace with rising demand.

time to read

5 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

CEO Pay Power Play

Executive compensation across corporate America surged in 2024, driven by stock options and performance bonuses.

time to read

2 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Gold Rally Pushes 5 Arab Reserves Above $145B

Gold hit a historic milestone in October 2025, surpassing $4,350 per ounce for the first time, fuelled by rising geopolitical tensions and expectations of monetary easing.

time to read

2 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Forbes Middle East - English

Women Taking Over The Corner Office In 2025

Though women held only 9.8% of CEO roles across S&P 500 companies in Q1 2025, according to Altrata, several notable female leaders have recently taken the helm of major firms globally, from Wall Street to Shanghai, across banking, beauty, aviation, and technology.

time to read

4 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Forbes Middle East - English

THE MIDDLE EAST'S 100 TOP CEOs 2025

Our fifth annual list of the Top 100 CEOs in the Middle East spotlights leaders whose influence extends far beyond business performance.

time to read

1 min

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Forbes Middle East - English

Value & Victory

FINAL THOUGHT - “If your courage rises when difficulties befall, you are made of the stuff that wins.” —B.C. Forbes

time to read

1 min

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Forbes Middle East - English

The World's Highest-Paid Soccer Players 2025

Cristiano Ronaldo leads a group of ten footballers collectively earning $945 million this season, but as the sun sets on his legendary career, two young stars are stepping into the spotlight.

time to read

4 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Forbes Middle East - English

EMPOWERING INDUSTRIES

Majed Al-Argoubi, CEO of the Saudi Authority for Industrial Cities and Technology Zones (MODON), is reshaping Saudi Arabia's industrial landscape, driving growth across 39 industrial cities spanning over 220 million sqm. His focus: modernizing the sector, empowering SMEs, and positioning the kingdom as a global manufacturing and technology hub.

time to read

5 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Forbes Middle East - English

Brain Man

HERRIOT TABUTEAU combined a Yale medical degree with two decades in finance to start biotech firm AXSOME. Now its success with drugs for neurological disorders has made the Haiti-born immigrant a new billionaire.

time to read

4 mins

November 2025 - English - Forbes Middle East

Translate

Share

-
+

Change font size