Tuesday, September 26, 2023 Sep 26, 2023
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Trevor Rees-Jones Snags Another Billion

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Another day, another $1 billion paycheck for Dallas energy billionaire Trevor Rees-Jones. This time, it’s Rees-Jones’ Chief Gathering LLC–a pipeline-and-operating assets company in the Marcellus Shale–that’s being sold for that amount to Penn Virginia Resource Partners LP.

Rees-Jones has a knack for notching these big oil-and-gas paydays, having previously pocketed checks for $2.63 billion (in 2006), $1.3 billion (in 2008), $406 million (in 2009), $460 million (in 2010) and $1 billion last year. Add it all up and it begins to look like some real money.