BillionaireNet
Rees-Jones
Trevor Rees-Jones
Rank #640
UNITED STATESEnergyOil & gas

Trevor Rees-Jones

Net Worth
$5.981B
-0.18% (24h)
Trevor Rees-Jones is a prominent American billionaire businessman and philanthropist, best known as the founder of Chief Oil & Gas. Born in 1951, Rees-Jones built his fortune in the oil and gas industry after starting his career as a bankruptcy attorney and then practicing oil and gas reorganization law. His career highlights include founding Chief Oil & Gas in 1994, a company instrumental in the development of the Barnett Shale. As of December 2025, his estimated net worth is $6.1 billion. Beyond his business achievements, Rees-Jones is recognized for his philanthropy through the Rees-Jones Foundation, supporting various causes in North Texas and beyond.

The Full Dossier

Early Life and Education

Trevor D. Rees-Jones was born in 1951 in University Park, Texas, Dallas. He grew up in a family with a legal background, with his father being a lawyer. He graduated from Highland Park High School and then attended Dartmouth College. He furthered his education by earning a Juris Doctor degree from Southern Methodist University's Dedman School of Law.

Rise to Success in Oil & Gas

Rees-Jones began his career in law, working as a bankruptcy attorney in Dallas and later specializing in oil and gas reorganization law. In 1984, he ventured into oil and gas investments. A pivotal moment came in 1994 when he founded Chief Oil & Gas. The company became a major player in the Barnett Shale, a significant natural gas formation in Texas. He is credited with pioneering the development of the Barnett Shale, expanding the boundaries, and bringing the country closer to energy independence.

Key Business Strategies

Chief Oil & Gas employed advanced technologies like 3-D seismic imaging and horizontal drilling. The company focused on operational efficiency and strategic acquisitions and played a pioneering role in the development of hydraulic fracturing technology. Chief Oil & Gas was sold to Chesapeake Energy in January 2022 for $2.6 billion.

Philanthropy

In 2006, Trevor and his wife Jan established The Rees-Jones Foundation, a philanthropic organization dedicated to improving the quality of life for people in North Texas and supporting various causes. Major recipients of grants include the Boy Scouts of America's Circle Ten Council, the Dallas Arboretum, and the Dallas Children's Advocacy Center. The foundation supports programs that enhance life quality for people in North Texas, and have contributed over $800 million to programs in North Texas, Africa, and India.

Career Timeline

2022

Sold Chief Oil & Gas

Sold Chief Oil & Gas to Chesapeake Energy for $2.6 billion.

2006

Founded The Rees-Jones Foundation

Co-founded the Rees-Jones Foundation with his wife, Jan, focusing on philanthropic initiatives.

1994

Founded Chief Oil & Gas

Established Chief Oil & Gas, which became a key player in the Barnett Shale.

1984

Began Oil & Gas Investments

Started pursuing investments in the oil and gas sector after practicing law.

Philanthropic Impact

Community Development$0.8B

Rees-Jones Foundation

Supports programs enhancing life quality for people in North Texas and beyond.

Healthcare$0.1B

UT Southwestern Medical Center

Made a recent donation to support medical center initiatives.

Wealth Trajectory