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The Fort - An Entrepreneurship Podcast

345 EpisodesProduced by Chris PowersWebsite

The Fort is an entrepreneurship podcast.Here, we uncover the proven strategies, insights, and inspiring stories of today’s greatest leaders in the worlds of business, real estate, entrepreneurship, and investing. Each episode’s mission is to help you to level up your entrepreneurial game by hearing … read more

1:08:29

#92 Cody Campbell: Co-CEO of Double Eagle Energy Holdings III

Cody Campbell is Co-Chief Executive Officer of Double Eagle Energy Holdings III LLC, a partnership formed with Apollo Global Management and co-founder of Double Eagle Development.

Campbell began his business career as a student at Texas Tech University, where he and John Sellers founded a successful commercial real estate development firm. He graduated with honors with a Bachelor’s in finance and economics and a master’s in finance. After graduation, he played offensive guard for the Indianapolis Colts.

On this episode, Chris and Cody discuss the early days of building Double Eagle, the state of oil & gas and its opportunities and challenges ahead, what things might look like under a Biden administration, how they were able to partner with Apollo, and much more. Enjoy!

Follow Chris on Twitter: www.Twitter.com/FortWorthChris

Learn more about Chris Powers & Fort Capital: www.FortCapitalLP.com

(02:15) - Cody’s Background and Business Career to Date

(11:12) - What’s an option of a lease?

(13:45) - How long would you anticipate you’d have to sit on a lease before it sells?

(15:57) - When did you formalize that Double Eagle would be your full-time job?

(18:39) - When did you partner with Apollo? How did that relationship start?

(23:31) - What was it like working with Aubrey McClendon?

(25:45) - Was Double Eagle #2 similar to Double Eagle #1?

(28:00) - How long did Double Eagle #2 take from start to finish?

(28:50) - When were you able to get away from the scrutiny of being able to purchase deals?

(29:43) - Why did you choose the Midland over the Delaware? Are there major differences between them?

(31:09) - How many transactions does it take to put together 70,000 acres in the Midland?

(31:55) - When you’re buying thousands of leases, how often are you committing to a lease that you know still needs some work?

(33:47) - What’s the minimum amount of acreage needed to be able to drill?

(35:01) - You’ve sold Double Eagle #2, so what does Double Eagle #3 look like?

(37:32) - With today’s technology, how many drilling sites could you have? How much oil can you get from these 96,000 acres?

(39:06) - Do you hedge your oil? Are you able to decide that or does Apollo choose?

(39:42) - Do you put the hedge in before you drill a well or during?

(40:29) - How big is your team now?

(40:48) - How do you see where we are today vs. previous downturns? What's different this time?

(41:47) - What gives people a reason to think that the industry wouldn’t exist in the future?

(43:35) - What does ESG mean?

(50:40) - Is there any light at the end of the tunnel to get us past this?

(52:50) - Is it a good thing for oil prices to go back up?

(55:25) - Do you have any comments on our relationship with other oil-producing countries?

(56:03) - What happens if we don’t keep drilling?

(57:36) - Have we found all the energy in the world?

(58:06) - Is there any technology on the horizon to get more out of the ground?

(58:51) - What are your thoughts on the new presidential administration's impact on the industry?

(1:00:21) - How long is a drilling permit good for?

(1:01:22) - Why is the Permian Basin the most prolific in the country?

(1:02:02) - How are things valued deal to deal?

(1:02:46) - What was it like to host POTUS at one of your wells?

The FORT with Chris Powers is produced by Straight Up Podcasts

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