Is it possible to build an empire from the gridiron to the boardroom, and then parlay that success into a multi-billion dollar deal? For Cody Campbell, the answer is a resounding yes, as evidenced by his recent $4.08 billion windfall.
The announcement, made on Tuesday, sent ripples through the financial world, highlighting a remarkable story of ambition, strategic acumen, and a deep-rooted connection to West Texas. The former Texas Tech University football player and board of regents member, alongside his partner John Sellers, have orchestrated a series of deals that have not only enriched their own lives but have also had a significant impact on the world of college football. This is a narrative of success, from the athletic fields to the oil fields, a testament to the possibilities that arise when ambition is coupled with a sharp business sense.
| Full Name | Cody Campbell |
| Date of Birth | Not publicly available |
| Place of Birth | Canyon, Texas |
| Education | Texas Tech University |
| Career Highlights |
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| Net Worth (Estimated - 2023) | $50 million - $70 million |
| Key Business Ventures |
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| Partners | John Sellers |
| Noteworthy Achievements |
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| Reference | Cody Campbell's LinkedIn Profile |
The sale of Double Eagle to Diamondback Energy represents the culmination of years of hard work and strategic planning. Founded in April 2013, Double Eagle, under Campbell's leadership, quickly became a significant player in the oil and gas industry. The deal, valued at approximately $4.08 billion in cash and stock, saw Campbell and his team make a huge profit. The transaction, which involved $3 billion in cash and 6.9 million shares of Diamondback common stock, underscores Campbell's ability to identify opportunities and capitalize on them.
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This is not Campbell's first foray into big deals. Together with John Sellers, his partner both on and off the field, Campbell has demonstrated a knack for recognizing value in the Permian Basin, a region that has become a hotbed for oil and gas activity. The duos journey began at Canyon High School and continued through Texas Tech, forging a bond that has been the cornerstone of their business endeavors. The pair have made over $500 million.
The sale of Double Eagle, however, isn't the only success story. Prior to this, the pair had formed Double Point with Apollo. Their sale to Pioneer in 2021 was also very impactful. "That allowed us to scale and grow even more," Campbell stated in the wake of these deals. At the time, Double Point was running seven rigs in the Permian and producing 100,000 barrels per day.
Campbell's influence extends beyond the oil fields. As a major Texas Tech booster, he has been a driving force behind the university's football program, playing a crucial role in attracting top talent through the transfer portal. His commitment to the Red Raiders, combined with his business success, has cemented his status as a prominent figure in the Texas landscape.
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The story of Cody Campbell is one of a true West Texan, born in Canyon and carrying on his family's tradition by attending Texas Tech. He is a testament to the power of hard work, strategic investments, and a deep understanding of the market. While the exact predicted net worth by 2025 is unavailable, it is expected to increase. His success, however, is not just about the numbers; it's about the legacy he's building and the impact he's making in both the business and philanthropic realms.
The sale to Diamondback Energy is expected to provide Diamondback access to about 40,000 net acres in the core of the Midland Basin. The implications of this merger are considerable. This allows for consolidation in the market and also opens up future growth opportunities. For Campbell, this marks a strategic shift and allows him to explore other ventures.
Campbell and Sellers' journey isn't just about oil and gas; it is also an example of smart business. They have also invested in real estate projects in Amarillo and Fort Worth, diversifying their portfolio and expanding their reach across various sectors. The duo likely made $400 million on the sale to Parsley, and perhaps twice that from Pioneer. "Dozens more follow in their footsteps flipping oil leases," the impact of their success is visible in the community.
The story of Cody Campbell is a captivating narrative of a Texas success story, a tale of ambition, perseverance, and the ability to leverage opportunity. It's a story of a man who has transformed his athletic background into a platform for extraordinary business achievements, making him one of the most prominent figures in the business.
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