DALLAS — Oilman and takeover strategist T. Boone Pickens Jr. said Wednesday that he will not run for governor of Texas because he could not give all his attention to the state's problems.
"I can't make that commitment at this stage in my life," Pickens said. "I've decided without regrets that I have other challenges and other responsibilities."
Pickens made the disclosure to about 500 people at a Rotary luncheon. He said he must devote full attention to his business.
Pickens, 61, chairman of Mesa Limited Partnership of Amarillo, Tex., signed a contract on a $2-million home in the Dallas area earlier this month, the Dallas Times Herald reported Tuesday. His firm's financial division is also moving from Amarillo to downtown Dallas.