Cody Campbell Net Worth

What Is Cody Campbell's Net Worth?

Cody Campbell is an American oil and gas entrepreneur, investor, former football player, philanthropist, and college sports executive who has a net worth of $1 billion. Cody Campbell earned his fortune as the co-founder and co-CEO of Double Eagle Energy, a Fort Worth-based energy company that has repeatedly assembled valuable oil and gas acreage in the Permian Basin and sold those assets in multibillion-dollar transactions.

Campbell founded Double Eagle with his childhood friend and former football teammate John Sellers. The partners have created and sold several generations of the business, including a $2.8 billion sale to Parsley Energy, a $6.4 billion sale to Pioneer Natural Resources, and a $4.08 billion transaction with Diamondback Energy. Their companies have been backed by major private investment firms including Apollo Global Management and EnCap Investments.

Campbell has also become one of the most influential figures in college athletics. A former Texas Tech offensive lineman, he donated $25 million toward the renovation of the school's football facilities, helped create the Matador Club NIL collective, and became chairman of the Texas Tech University System Board of Regents. His financial support and advocacy helped turn Texas Tech into one of college football's most aggressive participants in the NIL and transfer-portal era.

Early Life

Cody Cagle Campbell was born on October 29, 1981, in Lubbock, Texas. He grew up in Canyon, Texas, and comes from a family with deep ties to Texas Tech University.

His father played football at Texas Tech, and Campbell became a fourth-generation Red Raider. His great-grandfather was a member of the university's first class in the 1920s.

Campbell was an accomplished student as well as an athlete. He was a National Merit Scholar and an all-state high school debater before attending Texas Tech.

At Texas Tech, Campbell played offensive line for coach Mike Leach from 2001 through 2004. He earned All-Big 12 and Academic All-Big 12 recognition and became a three-year starter.

Campbell simultaneously pursued an unusually heavy academic workload. He earned undergraduate degrees in finance and economics and later completed a master's degree in finance.

Indianapolis Colts

Campbell was not selected in the 2005 NFL Draft but signed with the Indianapolis Colts as an undrafted free agent.

He spent portions of the 2005 and 2006 seasons with the organization during an era when the Colts were led by quarterback Peyton Manning and owned by Jim Irsay.

Campbell's NFL career was brief, and he did not become a long-term professional player. He subsequently returned to the business world.

Founding Double Eagle

Campbell's eventual business partner John Sellers had been his friend since middle school. They played football together at Canyon High School and later became teammates and roommates at Texas Tech.

The pair actually entered business together while still in college, purchasing land near Lubbock and preparing it for development.

After Campbell's football career ended, he returned to real estate. When the 2008 financial crisis devastated the property market, Campbell and Sellers shifted their focus toward oil and gas.

They founded Double Eagle and began acquiring mineral rights and oil and gas leases. In the early days, Campbell and Sellers personally searched county courthouse records, negotiated with landowners, and sometimes operated from extremely primitive field offices.

Their strategy centered on identifying fragmented acreage that could be assembled into large, contiguous positions attractive to major oil producers.

Multibillion-Dollar Double Eagle Sales

Campbell and Sellers repeatedly followed the same basic model: establish a new Double Eagle entity, acquire and develop valuable acreage, sell the portfolio, and then begin again.

Their first Double Eagle venture attracted backing from Apollo Global Management, the investment firm co-founded by Leon Black and others.

Double Eagle Energy Holdings II became a major player in the Midland Basin. In 2017, its Permian assets were sold to Parsley Energy in a transaction valued at approximately $2.8 billion.

Campbell and Sellers then formed Double Eagle III. That business eventually became part of DoublePoint Energy, which accumulated roughly 100,000 acres and was producing nearly 100,000 barrels of oil equivalent per day.

In 2021, Pioneer Natural Resources agreed to acquire DoublePoint for approximately $6.4 billion.

Rather than retire, Campbell and Sellers created Double Eagle IV and Tumbleweed Royalty IV with backing from EnCap, Apollo, Magnetar, and other investors.

Double Eagle IV assembled another major position in the Permian Basin. In 2025, Diamondback Energy agreed to acquire major Double Eagle assets for approximately $4.08 billion, consisting of $3 billion in cash and roughly 6.9 million Diamondback shares.

Within weeks of that transaction, Campbell and Sellers launched Double Eagle V and Tumbleweed Royalty V with $2.5 billion in committed equity.

(Photo by John E. Moore III/Getty Images)

Texas Tech and $25 Million Donation

Campbell has devoted a substantial portion of his time and money to Texas Tech.

In 2021, he made a $25 million donation toward the redevelopment of the south end zone at Jones AT&T Stadium and construction of the university's football facilities. It was the largest single gift in the history of Texas Tech athletics at the time.

In recognition of the contribution, the playing surface at Jones AT&T Stadium was named Cody Campbell Field.

Campbell was appointed to the Texas Tech University System Board of Regents in 2021 and was elected chairman in 2025.

His involvement extends well beyond making donations. Campbell has participated directly in discussions surrounding coaching hires, athletics strategy, facilities, recruiting resources, and the future structure of college sports.

NIL and the Matador Club

Campbell co-founded the Matador Club, an outside collective created to provide name, image, and likeness opportunities for Texas Tech athletes.

One of its first major initiatives offered $25,000 annual NIL agreements to every scholarship and walk-on football player on the roster.

The program expanded dramatically. The Matador Club has distributed tens of millions of dollars to Texas Tech athletes across football and other sports, helping the university compete aggressively for high-profile recruits and transfer players.

Texas Tech's spending helped transform the Red Raiders into a national contender and made Campbell one of the most visible boosters in college athletics.

Among Texas Tech's most famous football alumni is Patrick Mahomes, whose success helped raise the national profile of the program during the years immediately before the NIL era.

Saving College Sports

Campbell subsequently expanded his focus beyond Texas Tech by establishing Saving College Sports, an advocacy organization focused on reshaping the financial and regulatory structure of college athletics.

He has advocated for federal legislation addressing NIL, athlete compensation, conference economics, television rights, and the preservation of women's and Olympic sports.

In 2025, President Donald Trump appointed Campbell to the President's Council on Sports, Fitness and Nutrition.

Campbell's advocacy made him an increasingly influential figure in debates over the future of the NCAA and college sports.

Personal Life

Cody Campbell is married to Tara Campbell, who is also a Texas Tech graduate. They have four children and live in Fort Worth, Texas.

In addition to his Texas Tech contributions, Campbell serves as president of Double Eagle Charities and has supported educational, athletic, and community causes throughout Texas.

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