Autry Stephens Explained

Autry Stephens
Birth Name:Autry Carl Stephens
Birth Date:8 March 1938
Birth Place:De Leon, Texas, U.S.
Death Place:Midland, Texas, U.S.[1]
Alma Mater:University of Texas at Austin (BS, MS)
Occupation:Businessman, investor, philanthropist
Years Active:1979–2024
Known For:Founding and leading Endeavor Energy Resources
Spouse:Linda Stephens
Children:2

Autry Carl Stephens (March 8, 1938 – August 16, 2024) was an American billionaire businessman, investor, and philanthropist who is best known for founding Endeavor Energy Resources based in Midland, Texas in 1979. In February 2024, it was announced that the company would be sold to Diamondback Energy for $26 billion, which ultimately put Stephens on the Forbes 400 list (2023).[2] [3] [4]

Early life and education

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).[5] [6] 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.[7]

Career

Stephens founded Endeavor Energy Resources in 1979. He remained a general partner of the LP.[8]

In February 2024, it was announced that the company would be sold to Diamondback Energy for $26 billion.[9] [10]

Personal life and death

Stephens was married to Linda (née Nagy), with whom he had two children, Lyndal and Trey. Both are active in the family business.

Stephens died from prostate cancer in Midland, Texas, on August 16, 2024, at the age of 86.[11]

Notes and References

  1. Web site: Autry Carl Stephens 1938 - 2024 . . 20 August 2024.
  2. Web site: Meet oil's new king: 85-year-old Autry Stephens, raised by peanut-and-melon farmers and now worth $25.9 billion . 2024-02-20 . Fortune . en.
  3. Web site: Autry Stephens . 2024-02-20 . Forbes . en.
  4. Web site: Helman . Christopher . Texas Wildcatter Hits Gusher In $26 Billion Sale Of Oil Company . 2024-02-20 . Forbes . en.
  5. United States Census, 1930, 1940
  6. Web site: Obituary Hazel Stephens . 2024-02-20 . Nowlin Anders Funeral Home . en.
  7. Web site: Autry Stephens . 2024-02-20 . Petroleum & Geosystems Engineering Department . en-gb.
  8. Web site: Autry C. Stephens . 2024-02-20 . Endeavor Energy Resources, LP . en-US.
  9. Web site: Weise . Karen . 12 February 2024 . Two Big Texas Oil Producers Announce $26 Billion Merger . subscription . New York Times . NYTimes.com.
  10. Web site: Morenne . Benoît . 13 February 2024 . A Texas Oil Driller Banks a $26 Billion Deal, With Regrets . 22 February 2024 . Wall Street Journal.
  11. https://www.energyconnects.com/news/oil/2024/august/autry-stephens-endeavor-energy-founder-who-became-richest-us-oilman-dies-at-86/ Autry Stephens, Endeavor Energy Founder Who Became Richest US Oilman, Dies at 86