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FRISCO, TEXAS – JANUARY 08: Team owner Jerry Jones of the Dallas Cowboys talks with the media during a press conference at the Ford Center at The Star on January 08, 2020 in Frisco, Texas. (Photo by Tom Pennington/Getty Images)
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FRISCO, TEXAS – JANUARY 08: Team owner Jerry Jones of the Dallas Cowboys talks with the media during a press conference at the Ford Center at The Star on January 08, 2020 in Frisco, Texas. (Photo by Tom Pennington/Getty Images)
Jerry Jones is always on the hunt for big returns from his investments. Whether buying the Dallas Cowboys and turning it into a multi-billion dollar franchise or the oil and gas industry, Jones knows how to make big money deals. Similarly, the 79-year-old made a huge investment that made him over a billion dollars in just four years.
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Jerry Jones has been investing in the oil and gas industry since the 1970s. The time period is considered the phase of the energy crisis, but Jones made his bets early. Consequently, he never stopped investing in the industry. Recently, his investment in Comstock Resources paid him big time.
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In 2018, the Dallas Cowboys owner bought a controlling stake in Comstock Resources. The company is a publicly listed oil and gas behemoth in Texas. He bought the stake at a whopping price of $1.1 billion during the natural gas boom phase.
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ARLINGTON, TX – NOVEMBER 23: Dallas Cowboys owner Jerry Jones stands on the field during warmups before the football game against the Los Angeles Chargers at AT&T Stadium on November 23, 2017 in Arlington, Texas. (Photo by Wesley Hitt/Getty Images)
Scoring his biggest win yet in the industry, Jones is adding a massive chunk to his net worth from the dividends. But how exactly did his investment in Comstock Resources pay off?
Jerry Jones hits a home run with his oil and gas investment
As gas prices rise around the world due to the supply crunch and sanctions on Russian oil, the need for liquified natural gas (LNG) is on the rise. Fortunately for Jones, Comstock produces the exact same export material, LNG. Therefore, the rising demand for LNG is being fulfilled by Comstock, and their cash reserves are getting bigger and bigger.
As a result, Jerry Jones’ shares in the company have exploded in value, giving him a significant return on investment. The value has skyrocketed to $2.6 billion, more than double what he originally paid.
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FOXBOROUGH, MA – OCTOBER 17: Dallas Cowboys owner Jerry Jones prior to the National Football League game between the New England Patriots and the Dallas Cowboys on October 17, 2021 at Gillette Stadium in Foxborough, MA. (Photo by Rich Graessle/Icon Sportswire via Getty Images)
From buying the Cowboys for $150 million and making it the most expensive team in the world to doubling his investments in oil and gas, Jones’ business acumen is laudable.
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Edited by
Deepika Bhaduri