Joseph P. DeWoody formed Clear Fork Royalty in 2009 to purchase mineral rights and royalties across the
U.S. He also serves as managing member of Pendragon Oil LLC, where he is responsible for strategic planning, business development land management, joint ventures and acquisitions.
Accomplishments: Closing Clear Fork’s second limited partnership last year. “It can be a challenge to
convince someone to invest in your plan…We believe in what we do and work hard in the implementation.” Member
of the Young Presidents’ Organization, several Baylor University alumni associations, and boards ranging from the
Texas Board of Professional Geoscientists to the Texas Alliance of Energy Producers. Holds a bachelor’s and MBA from Baylor, where he started as an offensive lineman for the football team.
On applying football to business: DeWoody worked his way up from walk-on candidate to earning a football scholarship. “Given all the variables in this business and in life, if you can outwork somebody, you’ve got a good start. That’s kind of how we approach things.”
Goals: “We want to continue to build a diversified portfolio of quality, long-life assets across the U.S. and provide maximum return for all of our stakeholders.” As for Pendragon, that company “is primarily growing production and reserves through the drillbit. We continue to build on our historical assets and remain active in leasehold and production
acquisitions in Texas Districts 3 and 7B.”
Oil and Gas Investor is accepting nominations for the next installment in its 20 Under 40 series. Please submit nominations online at oilandgasinvestor.com/20under40, or email submissions to associate editor Caroline Evans, cevans@hartenergy.com.
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