Our Story

Our Story

Fairway III is a privately-owned independent oil and gas company based in Southlake, Texas, that was formed in June 2016 when we closed on a large commitment from Denham Capital, an energy-focused global private equity fund. Fairway III is pursuing an “acquire and exploit strategy” focused on assets in Oklahoma and Texas. We made our first acquisition in November 2016 when we closed on the purchase of Samson Resources’ properties in the central portion of the Anadarko Basin.

Fairway III’s President & CEO, Matt Eagleston, and Chairman & CFO, Les Stephens, co-founded the first Fairway Resources company in 2005. Soon thereafter, our Executive Vice President, Joe Small, was added as a partner to the team. During the formation, Matt and Les created the name Fairway Resources based on three ideas. First, they both love to play golf; however, they don’t get to play as often as they like because they are busy running the company. Second, the sweet spot of an oil and gas play is often referred to as the “fairway.” Last, and most importantly, both men have sought to always do business in the “fair way.” This value has permeated through each of the Fairway Resources companies and continues to be a critical principle driving all of our employees’ activities. This last idea can best be exhibited by the statements below that are displayed at the entrance to our office.

Our Vision Statement

To Be the Best…..focused, profit-driven and professionally managed small independent oil and gas company in the United States, with a family-like culture based upon the ideals of honesty, integrity, personal responsibility and mutual respect…..while having fun.

Our Values Statement

We at Fairway Resources will dedicate ourselves to the following principles of conduct:
  • We will act with the utmost honesty and integrity.
  • We will value each other’s individual abilities.
  • We will strive to create a safe workplace.
  • We will take responsibility for our own actions.
  • We will challenge each other to take initiative.
  • We will conduct business with sincere professionalism.
  • We will deliver maximum value to our owners.
  • We will treat each other as “family.”