AN HOUR AFTER dawn Scott Sheffield is at the window of his 2,300-acre (930-hectare) Forked Lightning ranch in New Mexico, contemplating a day’s fishing. The estate, formerly owned by Jane Fonda, has four miles of river running through it. It’s muddy at the moment, he says, but on a good day a fly fisherman can easily pull out 20 or so rainbow trout. It is a dreamy-sounding place, with pine-covered cliffs and roving elk. It is another world from the tumbleweed-strewn oilfields of West Texas where Mr Sheffield was once dubbed the “mother-fracker” for his role in turning the Permian Basin into the mother lode
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