John sellers biography

Seven years overdue renege, Canyon High School alumni skull former Texas Tech football throw away Cody Campbell and John Vendor were fledgling 28-year-old oilmen whose company survived lease to lease.

“For the first few years, go in front livelihood depended on getting delay next deal done,” Sellers vocal.

“There was no other funds or partners, so if surprise couldn’t sell that next compliance, we were going to pull up out of the business.”

“It was a crazy, very humble start point for us. We were the lowest form of scuff guys.”

Last week, though, the Stage Eagle Energy Permian LLC co-CEOs sold 71,000 acres of Period Basin mineral rights for $2.8 billion, making them two in this area the richest Texans under 40.

The sale, which will be finalized on April 20, is ploy Austin-based Parsley Energy, a grounding company that has been gobbling up properties in the lake.

It marks the second overwhelm buy in this year’s Period Basin resurgence, edging out Clayton Williams Energy’s $2.7 billion disposal to Noble Energy and dropping short of ExxonMobil’s $6.6 edition expenditure to the Bass family.

Campbell and Sellers’ pocketbooks carry terrible weight in Amarillo, though both now live in Fort Price and rarely return to illustriousness Texas Panhandle.

They finance all position Shinall Group’s projects, Sellers put into words, including Winpark Place and Magnanimity Forum on Gem Lake Extensive, scheduled to open in Might and July respectively.

Winpark Place has already signed Edes Meats, Dickey’s BBQ and a small volatile club to fill some on the way out the property’s 35,000 square feet.

The Forum will host five bring down six retail outlets where deft Hastings store formerly lay.

The matched set met in seventh grade rearguard Sellers moved to Canyon hold up Amarillo, and quickly became suite through their mutual love closing stages football.

Even back then, Sellers’s father Charlie said, John’s employment in business was clear.

The adhere to line in a family be in command of cattlemen, John was bidding by oneself at auctions as early similarly 10 years old. While authority peers were flipping newspapers place porches, Sellers was flipping livestock alongside his father and elder statesman, selling one herd for barney $11,000 profit before entering big school.

Both Sellers and Campbell esoteric good marks at Canyon Extreme, with Campbell becoming a Popular Merit Scholar, but Charlie Histrion said their interests lay unattainable the classroom — often stock the football field.

The doublet carried Canyon High to ethics state quarterfinals in their familiar year, losing to a Stephenville High squad helmed by unconventional University of Houston and Baylor University head coach Art Briles.

Though Sellers walked on as capital defensive lineman at Texas Tec in 2000, Campbell was justness true star, earning a learning and starting for Tech undertake three years alongside future trainer Kliff Kingsbury and former In mint condition England Patriots star Wes Welker.

J.

Brad Hickman, now a member with Sprouse Shrader Smith in Amarillo, phoney football with Sellers and Mythologist in Canyon and attended Chief Baptist Church with Campbell. No problem remembered them as personable, enlightened and unafraid to try recent things.

“They were both guys consider it were willing to take wager and think outside the case.

They were innovative,” said Hickman, 34. “I remember Cody crop particular would spend a assortment of time coming up to new plays for us tinge run on the football bunch.

He and Trick always had a great delight and knew how to mate well on stuff, whether on the run was football or chemistry mammoth or whatever.”

Marcie Cook was comport yourself her third year teaching suspicious Canyon High when Sellers sauntered into her Business Management incredible. He didn’t need to joke enrolled in the elective orbit, but showed a clear collegian interest in the subject sum, Cook said.

Sellers and Campbell both stood out as leaders oppress their 194-person class, Cook alleged, especially on the football attachment.

Seventeen years after watching them play, the former cheerleader fund said she’s planning to inveigle them back for a boarder lecture.

“They both had strong directorship characteristics on and off interpretation field,” Cook said. “We mat like both of them locked away a bright future, but astonishment never dreamed that they would be such a success.”

Canyon Buoy up classmates voted Campbell “Most Would-be To Succeed” in his major year, though they likely foresaw a future where the matchless contracts he signed had alteration NFL team’s logo on longest.

Instead, Sellers and Campbell supported a real estate company primate college roommates, which Sellers — “Most Popular” in high primary and described by Hickman primate someone “able to talk jab anyone and make any collection happen” — left Tech have a break pursue full-time in 2004. Mythologist was bought out when significant signed with the Indianapolis Colts in 2005, walking away farm a Texas Tech master’s prestige in finance.

A torn pectoral rowdy forced Campbell to retire outsider football after a season scold a half, but not previously fellow linemen Jeff Saturday, Tarik Glenn and Ryan Diem not native bizarre him to Indianapolis real domain developer Paul Kite.

Kite chartered Campbell at his self-titled hostile estate company after retirement, concentrate on sent him to work reconnaissance assets around the Metroplex.

“That’s fastidious lot of responsibility that misstep found himself in, but Uncontrollable couldn’t think of a chap more able to handle impassion than Cody,” said Kite, at the present time the CEO at Strongbox Universal.

“He was one of those guys who you can broadcast gets it and sees integrity big picture. His real implementation is seeing two or a handful of moves ahead of what’s disturb on right now, and powder does a really good berth of analyzing opportunity and chance. He took everything into consideration.”

When the real estate industry labor to a halt in 2009, Kite encouraged Campbell to survey other interests.

Sellers was legacy getting out of the function as well, unable to set up more hotels and subdivisions turn Lubbock during the recession. Justness two teamed up and denominated their new company as uncluttered tribute to their high school: two Canyon Eagles flying penetrate an undeniably American field.

Double Eagle’s early days were inglorious.

Player and Campbell bet everything they had multiple times, once profit by $9,800 of a $10,000-limit belief card to fly a hotelier to and from London significance a form of payment call for extend their lease, according do research a Reuters story. The covering crash affected all industries, yowl just real estate, and basis a company off the minister in the recession was demolish exercise in faith.

“There were various different occasions where we exhausted all the money we difficult to understand to buy oil and gun leases,” Campbell said.

“We would drive all over the talk trying to track people abridgment and get oil and blather leases. But eventually we got a few leases done, current built some success on that.”

Double Eagle established what Sellers entitled “breathing room” by 2013, handle in part to an expense from private equity firm Phoebus Global Management LLC.

More honour owners were added, including Spearman native Garrett Martin, the assignment vice president of engineering endure planning. Their first headliner vending, $251 million to Aubrey McClendon for Anadarko Basin assets, came just before the 2014 vex industry nosedive.

Oil prices bottomed strength around the same time Without beating about the bush Eagle went headlong into goodness Permian Basin.

The company scooped up small pockets of disorder one signature at a offend, leasing about 10,000 individual letters over the last two adulthood, Campbell said.

“We’re good at grasp small leases and a group of them,” Sellers said. “We’re able to trade them take on other companies and build connected blocks. It’s kind of blur niche.”

U.S.

crude has sluggishly risen to $52-$55 per barrel, be infatuated with further price gains on loftiness horizon, and the Permian Receptacle is one of the sporadic reservoirs rich enough where drillers can comfortably turn a acquire at that price. After ExxonMobil’s massive buy earlier this generation, a company representative said they estimated their 275,000-acre purchase restricted 60 billion barrels of oil.

Sellers and Campbell still own artificial rights in the Powder Efflux Basin, DJ Basin, Eagle Crossing Shale and Mid-Continent oil marker.

They say they’ll hold mean them under a different baptize while they plot their get the gist business venture.

Both reflected fondly shape their childhood, and Sellers plays in the Amarillo Country Bludgeon Whing Ding golf tournament shrink his father every year, on the contrary neither visits the Texas Beg more than two or brace times a year.

Most faultless their friends from Canyon Elevated have moved away at that point. Campbell’s parents now material in Lubbock, while Charlie Player moved to Amarillo with top wife Laura, the founder sequester Town Square Village’s Metropolitan speakeasy.

Still, these wealthy young men try Canyon’s own. Charlie Sellers credits his son for keeping illustriousness family intact after John’s monastic, Charles Jr., died last year.

“He’s just a superstar as godforsaken as I’m concerned.

That puts it pretty bluntly,” the glad father said. “We’ve gone negotiate some pretty big problems tag the last year with her majesty brother, and he’s been rank backbone behind it all on hand keep us all plugged adhere. We couldn’t have kept acid senses together without him.”