Our Story

Our Story

Fairway III is a privately-owned, independent exploration and production company based in Southlake, Texas.  The company was formed in June 2016 when we closed on a large equity commitment from Denham Capital, an energy-focused global private equity fund.  Our strategy is focused on acquiring PDP based assets with underappreciated upside potential in the Anadarko Basin.  We acquired the bulk of our current assets from Samson Resources via Samson’s Chapter 11 bankruptcy process in November 2016.

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.  During that time, Les and Matt chose the name Fairway Resources based on three ideas.  First, they are both life-long golfers.  Second, the sweet spot of an oil and gas play is often referred to as the “fairway”.  Third, and most importantly, both men have sought to always do business in the “fair way”.  This last idea continues to be a critical principle driving all our activities and 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.”