Trevor Rees-Jones
ACTUAL TIME TOTAL ASSETS– since 4/20/17
$ 5.3 B.
With a lot of completely dry powder from virtually a years of , Trevor Rees-Jones has actually been benefiting from the oil bust by getting properties in the Permian of Texas. Rees-Jones obtained his begin as a personal bankruptcy lawyer. In 1984 he determined to obtain in the oil company, and also ultimately ended up being a shale fracking pioneer. His Principal Oil & Gas’ very first success remained in the Barnett shale of Fort Well worth, where in 2006 he and also his companions marketed a number of land, wells as well as pipes to Devon as well as Crosstex for $2.6 billion. Next off came a JV with Ross Perot, Jr. which they marketed in 2008 to Quicksilver. Within a pair years he removed $2 billion even more marketing acreage to the similarity Chevron, and also one more $1 billion dealing his Marcellus pipe network to Penn-Virginia in 2012. Principal Oil currently runs 210,000 acres approximately 800 million cubic feet of gas each day. His Rees-Jones Foundation sustains Dallas charities as well as has actually contributed $25 million each to brand-new Museum of Nature & Scientific research as well as Boy Scouts, $19 million to develop the Rees-Jones Facility for Foster Treatment Quality at the Kid’s Medical Facility. “There’s reached be a greater function to offer in this life,” he states.
Rees-Jones is the owner of Chief Oil & Gas, an exploration and production company. The closely held business is based in Dallas, Texas, operates primarily in the Marcellus shale of Pennsylvania, and has interests in oil and gas fields throughout the U.S. Chief produced more than 47 million barrels of oil equivalent in 2016.
Source:
1. Forbes
2. bloomberg