When you walk into Jones AT&T Stadium in Lubbock, you aren’t just looking at a football field. You're looking at Cody Campbell Field. Most people know the name because it’s plastered on the turf, but the story of how a former Red Raider offensive lineman went from protecting quarterbacks to orchestrating some of the largest oil deals in American history is honestly kind of wild.
If you’re searching for the Cody Campbell Texas Tech net worth details, you’re likely seeing numbers that range from "successful businessman" to "certified billionaire." The truth is actually more impressive than the rumors. As of early 2026, Campbell and his business partner John Sellers have executed a series of exits through their company, Double Eagle Energy, totaling approximately $13 billion in transaction value over the last decade.
The $13 Billion Math: Where the Wealth Comes From
It didn’t happen overnight. Campbell, a fourth-generation Red Raider, actually started his first real estate company while he was still a student. After a career-ending injury with the Indianapolis Colts in 2006, he headed back to Texas and teamed up with Sellers, a childhood friend.
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They started small. Basically, they were "landmen"—guys who go out and hustle to lease mineral rights from landowners. They focused on the Permian Basin, which turned out to be the smartest move they could have made.
- Double Eagle I & II: These early iterations saw massive growth. They sold Double Eagle II to Parsley Energy in 2017 for $2.8 billion.
- Double Eagle III: This was the big one. In 2021, they sold DoublePoint Energy (a partnership with FourPoint) to Pioneer Natural Resources for $6.4 billion.
- Double Eagle IV: Just last year, in early 2025, they closed a deal with Diamondback Energy for roughly $4.08 billion. This deal alone included $3 billion in cash and nearly 7 million shares of stock.
While "net worth" is always a bit of a moving target due to taxes, reinvestments, and private equity splits with partners like Apollo Global Management or EnCap, Campbell is firmly in the billionaire category. It's not just "paper money," either—the cash from these exits has allowed him to basically bankroll the modernization of Texas Tech athletics.
More Than a Donor: The Chairman of the Board
Campbell isn't just some guy writing checks from a distance. In April 2025, he was unanimously affirmed as the Chairman of the Board of Regents for the Texas Tech University System. That’s a massive deal. It means he’s not only the school’s biggest financial supporter but also the person steering the ship for the entire university system.
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He’s donated over $25 million specifically for the South End Zone project at the stadium. He also tossed $1 million toward the softball program recently. But his real influence is in the NIL (Name, Image, and Likeness) space.
The Matador Club and the NIL Revolution
If you follow Red Raider football, you’ve heard of The Matador Club. Campbell is a founding board member of this collective. It’s reported that the collective has funneled more than $60 million to Texas Tech athletes since 2022.
"The business model of college athletics is a successful failure," Campbell once told AP News. He’s been vocal about the fact that while he’s spending millions to keep Tech competitive, the current system is probably unsustainable without major federal intervention or revenue sharing.
Why This Matters for Texas Tech Fans
When people look up the Cody Campbell Texas Tech net worth, they’re usually trying to figure out if the school can keep up with the "big dogs" in the SEC or Big Ten. The answer is a resounding yes. Having a guy with Campbell’s liquidity and business acumen—who also happens to be a former All-Big 12 player—gives Tech a "whale" that many other schools simply don't have.
He isn't just buying players; he’s building an infrastructure. He’s talked about how $7 billion a year in media rights needs to be tapped into to save non-revenue sports like track or golf, which often get ignored in the football-first landscape.
Key Takeaways on Cody Campbell's Financial Impact
- Total Deal Volume: Over $13 billion in oil and gas exits since 2008.
- Stadium Legacy: His $25 million gift is the largest one-time donation in the history of Texas Tech athletics.
- Business Strategy: He and Sellers are already onto Double Eagle V, backed by $2.5 billion in new equity commitments. They don’t stay idle.
- Philanthropic Reach: Beyond football, his family supports everything from local schools to the Texas Public Policy Foundation.
The reality is that Cody Campbell has become the most influential figure in Lubbock. He’s a guy who understands the "oil and gas" hustle of West Texas but applies it with the discipline of a former pro athlete. Whether it’s the $4 billion Diamondback deal or the next big recruit coming through the portal, his fingerprints are all over the future of the Red Raiders.
To stay updated on how these donations are being put to use, keep an eye on the Texas Tech Board of Regents meeting minutes or the progress of the South End Zone construction, which is fundamentally changing the skyline of Lubbock. You can also follow the Double Eagle business filings if you want to track the next multi-billion dollar move in the Permian Basin.