Autry Stephens
Autry Stephens | |
|---|---|
| Born | Autry Carl Stephens March 8, 1938 De Leon, Texas, U.S. |
| Alma mater | University of Texas at Austin (BS, MS) |
| Occupation(s) | Businessman, investor, philanthropist |
| Years active | 1974-present |
| Known for | Founding and leading Endeavor Energy Resources |
| Spouse | Linda Stephens |
| Children | 2 |
Autry Carl Stephens (born March 8, 1938) is an American billionaire businessman, investor and philanthropist who is best known for founding Endeavor Energy Resources based in Midland, Texas in 1974. In February 2024, it was announced that the company will be sold to Diamondback Energy for $26 billion which ultimately put its founder on the Forbes 400 list (2023).[1][2][3]
Early life and education[edit]
Stephens was born March 8, 1938, in De Leon, Texas, one of five children, to Martin Elmore Stephens, a watermelon and peanut farmer, and Hazel Lila Stephens (née Johnson; 1905–2011).[4][5] He earned his Bachelor of Science in 1961 and his Master of Science in 1962, both in Petroleum engineering from the University of Texas at Austin.[6]
Career[edit]
Stephens founded Endeavor Energy Resources in 1974. He remains a general partner of the LP.[7]
In February 2024, it was announced that the company would be sold to Diamondback Energy for $26 billion.[8][9]
Personal life[edit]
He is married to Linda Stephens and they have two children; Lyndal and Trey Stephens. Both are active in the family business.[citation needed]
References[edit]
- ^ "Meet oil's new king: 85-year-old Autry Stephens, raised by peanut-and-melon farmers and now worth $25.9 billion". Fortune. Retrieved 2024-02-20.
- ^ "Autry Stephens". Forbes. Retrieved 2024-02-20.
- ^ Helman, Christopher. "Texas Wildcatter Hits Gusher In $26 Billion Sale Of Oil Company". Forbes. Retrieved 2024-02-20.
- ^ United States Census, 1930, 1940
- ^ "Obituary | Hazel Stephens". Nowlin Anders Funeral Home. Retrieved 2024-02-20.
- ^ "Autry Stephens". Petroleum & Geosystems Engineering Department. Retrieved 2024-02-20.
- ^ "Autry C. Stephens". Endeavor Energy Resources, LP. Retrieved 2024-02-20.
- ^ Weise, Karen (12 February 2024). "Two Big Texas Oil Producers Announce $26 Billion Merger". New York Times – via NYTimes.com.
- ^ Morenne, Benoît (13 February 2024). "A Texas Oil Driller Banks a $26 Billion Deal, With Regrets". Wall Street Journal. Retrieved 22 February 2024.