In the DoublePoint deal, co-CEO’s Campbell and John Sellers will divvy up $1 billion in cash and 27.2 million shares of Pioneer among themselves and their private equity partners at Apollo, Quantum, GSO and Magnetar.
Ironically, Campbell and Sellers in 2017 sold their previous iteration, Double Eagle Energy, with 70,000 acres,The duo likely made $400 million on the sale to Parsley, and perhaps twice that from Pioneer, which closed yesterday at $164.60, with a market cap of $36 billion. It’s been an unlikely success story for Campbell and Sellers, also 39. Now based in Fort Worth, they met in junior high, then played football at Canyon High School and at Texas Tech. Cody was good enough to get signed to the Indianapolis Colts, but that dream ended after a torn pectoral. With the real estate boom peaking around 2006, the young men got into the real estate business.
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Oops.... Your Twitter headline doesn’t match the article’s headline. They’re not “moving into natural resources”. They sold the company to Pioneer Natural Resources. LOL
The writing on the wall? Since 1982
Okay