Executive Q&A: Jerry Jones

The career oil and gas man has put his money on U.S. natural gas via Comstock Resources Inc. and the Haynesville Shale.

Executive Q&A: Jerry Jones

Jerry Jones has been drilling oil and gas wells since 1970, long before he became globally known as the owner of the Dallas Cowboys.

Jerry Jones has been drilling oil and gas wells since 1970, long before he became globally known as the owner of the Dallas Cowboys. Just 28 at the time, he was drilling bright spots in Oklahoma.

With his oil and gas success, he bought the Cowboys for $140 million in 1989; it’s now estimated to be worth $5 billion. And, while growing the Cowboys into the world’s most valuable sports franchise—the September 2018 Forbes tally had the Cowboys as No. 1 for a 12th consecutive year—he kept drilling, including exploratory wells in South Texas.

In 2012, he joined the shale revolution, taking nonoperated interests in the Williston Basin and participating in wells operated by Hess Corp., Whiting Petroleum Corp. and other play leaders.

In 2018, Jones rolled his and his family’s interests in the 424 Bakken-producing wells into Haynesville gas producer Comstock Resources Inc. in exchange for 88.6 million—that is, 84%—of outstanding shares.

Already have an account? Log In

Subscribe now to get unmatched and complete coverage of the Energy industry’s entire landscape!

View our subscription options
  • Access to site wide content
  • Access to our proprietary databases
  • Watch exclusive videos with energy executives
  • Unlimited access to an extensive library of Playbooks, Techbooks, Yearbooks, supplements, and special reports
  • Newly Added! Access to Rextag's Energy Datalink, containing extensive GIS databases of energy assets, production records, processing capacities, physical locations, planned projects, acquisition records, and much more.

Nissa Darbonne

Nissa Darbonne is author of The American Shales and has been a journalist since 1984, beginning in the oil and gas fields of South Louisiana. She writes for Oil and Gas Investor and is actively involved in Hart's conference agendas.