Cody Campbell’s estimated net worth falls in the low billions, built almost entirely through a string of Permian Basin oil and gas company sales rather than a single windfall. As co-founder and co-CEO of Double Eagle Energy Holdings, Campbell has repeated the same playbook multiple times: buy undervalued acreage, develop it, and sell at the right moment.
Quick Facts
| Category | Details |
| Full Name | Cody Cagle Campbell |
| Born | September 29, 1981, Lubbock, Texas |
| Age | 44 (as of 2026) |
| Profession | Businessman, oil and gas entrepreneur, former football player |
| Primary Income Source | Co-CEO, Double Eagle Energy Holdings |
| Estimated Net Worth | $1.5 billion to $3 billion (reported range) |
| Education | Texas Tech University (BBA Finance and Economics, MS Finance) |
| Spouse | Tara Campbell |
| Children | Four |
| Residence | Fort Worth, Texas |
Who Is Cody Campbell
Cody Campbell was born on September 29, 1981, in Lubbock, Texas, and grew up in a family with deep Texas Tech ties spanning four generations. He played offensive line for the Texas Tech Red Raiders from 2001 to 2004, earning multiple All-Big 12 and Academic All-Big 12 honors, before a brief stint with the Indianapolis Colts. He graduated with honors from Texas Tech’s Rawls College of Business, earning a double major in finance and business economics and a master’s degree in finance.
That academic background shaped the disciplined, deal-driven approach Campbell later applied to the oil patch. Rather than chasing a single big score, he and childhood friend John Sellers built a repeatable model: acquire land positions cheaply, develop them efficiently, then sell the company once its value peaked.
Career and Income Breakdown
Campbell’s business career started in real estate development while he was still a student at Texas Tech, working alongside Sellers on smaller regional projects. The pair moved into oil and gas around 2008, entering the Permian Basin at a time when horizontal drilling and hydraulic fracturing were reshaping the region’s acreage value.
In 2013, Campbell and Sellers formally founded Double Eagle Energy Holdings, headquartered in Fort Worth, backed in part by Apollo Global Management. The company assembled large blocks of Permian acreage and sold off pieces as opportunities arose, including a $225 million sale of Anadarko Basin assets in 2014.
The pattern of building and exiting became the core of Campbell’s wealth. A later iteration of the company, Double Eagle II, sold for roughly $2.8 billion in 2017. Another entity, sometimes referred to in industry coverage as Double Point Energy, brought in about $6.4 billion in a 2021 sale. Most recently, Diamondback Energy acquired Double Eagle Energy Holdings IV in a deal reported at approximately $4.1 billion, closing in early 2025.
Each cycle followed a similar rhythm: raise capital, acquire acreage other operators had passed over, develop it, then sell to a larger player once the asset base matured. Campbell and Sellers have continued the strategy since, forming new Double Eagle and Tumbleweed Royalty entities with fresh equity commitments to keep the cycle going in the Permian Basin.
How Much Is Cody Campbell Worth
Because Double Eagle Energy Holdings is privately held, Campbell’s exact personal net worth has never been disclosed through a public filing, and no major financial outlet has published a fully sourced, audited figure. The company sale prices reported in the billions reflect the value of the businesses themselves, not Campbell’s individual share after accounting for partners, investors, and reinvested capital.
Reporting on Campbell’s personal wealth places him somewhere between $1.5 billion and $3 billion, a range that reflects his position as co-owner of a company that has closed multiple multibillion-dollar transactions over roughly a decade. Some online estimates have circulated figures far above that range, but those numbers are not tied to a named, checkable source and should be treated with caution rather than taken as fact. Given the scale of Double Eagle’s deals and his consistent role as co-CEO through each cycle, Campbell’s fortune sits comfortably in billionaire territory, even without a single confirmed figure.
Income Sources
Campbell’s income has come from a fairly narrow but highly lucrative set of sources. That concentrated approach differs from Jody Allen’s broader portfolio of sports, real estate, technology, and other estate-held assets. His primary earnings stem from his equity stake and executive role at Double Eagle Energy Holdings, where he shares co-CEO duties with John Sellers. Proceeds from the company’s periodic asset and entity sales, including the 2017, 2021, and 2025 transactions, represent the largest realized gains in his career.
Beyond Double Eagle, Campbell holds interests tied to Tumbleweed Royalty, a related entity focused on mineral and royalty positions across US oil basins. His earlier real estate development work while at Texas Tech, done with Sellers, gave him initial capital and business experience before he moved into energy full time.
Family Life
Campbell lives in Fort Worth with his wife, Tara, also a Texas Tech graduate, and their four children. The family maintains close ties to Lubbock and the broader Texas Tech community, where Campbell’s parents and grandparents also attended school. Campbell has kept a relatively low public profile around his family life, with most available reporting on his wife focused on her supporting role in the couple’s shared philanthropic and community work in Fort Worth.
Texas Tech Involvement and Philanthropy
Campbell’s wealth has translated into a significant role at his alma mater. Governor Greg Abbott appointed him to the Texas Tech University System Board of Regents in April 2021, and the board elected him chairman in April 2025. In 2021, Campbell donated $25 million toward football facility upgrades, a gift that led to the team’s home field being named Cody Campbell Field.
He also co-founded The Matador Club, Texas Tech’s name, image, and likeness collective, in February 2022. Under his involvement, the collective raised more than $63 million from thousands of donors, becoming one of the more active NIL fundraising operations in college athletics. Outside of Texas Tech, Campbell serves on the Texas Higher Education Coordinating Board and the board of the Texas Public Policy Foundation, and in July 2025 he was appointed to the President’s Council on Sports, Fitness, and Nutrition. His growing involvement in sports and institutional leadership provides an interesting comparison with Adam Silver’s executive role in professional basketball.
Assets and Business Interests
Independently sourced details on Campbell’s personal assets, such as real estate holdings beyond his Fort Worth residence, are limited in public reporting. What is well documented is his ongoing business footprint: continued leadership at new Double Eagle and Tumbleweed Royalty entities, formed with fresh equity from partners including EnCap Investments and Apollo Global Management affiliates, positioning him to keep executing the same acquire-develop-sell strategy in the Permian Basin going forward.
