George M. Yates is chairman, president and chief executive officer of Heyco Energy Group Inc. (Heyco being an acronym of his late father’s name, Harvey E. Yates). He divides his time between Dallas and Roswell, New Mexico—and destinations farther afield, including...

Analysis of drilling and test data from 14 wells drilled since the 1950s has indicated the presence of a world class shale gas play in the Basque Country of northern Spain. Of 14 wells that penetrated the Cretaceous shale, 10 tested gas and only three penetrated the...