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Rank #2275
UNITED STATES•Finance & Investments•Energy

Timothy Dunn & family

Net Worth
$1.8B
0% (24h)
Timothy Dunn, a prominent figure in the energy sector, is the founder and CEO of CrownQuest Operating, an oil and gas company based in Midland, Texas. Born in 1955, Dunn, at 70 years old, has built a significant net worth through his ventures in the energy industry. His career began as an engineer at ExxonMobil before transitioning to banking and later becoming a key player in the oil and gas sector. Dunn's achievements include co-founding CrownQuest Operating, which became a major player in the Permian Basin, and being recognized as a top CEO. Beyond his business acumen, Dunn is also involved in philanthropy and political advocacy, demonstrating a commitment to conservative causes and Christian values.

How to read Timothy Dunn & family's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Timothy Dunn & family, we anchor the narrative to Energy and Energy, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $1.8B alongside global rank #2275, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (UNITED STATES) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life and Education

Timothy Marvin Dunn was born in 1955 in Big Spring, Texas. Growing up in a Christian household, he was the youngest of four boys. Dunn was an Eagle Scout and graduated from Big Spring High School in 1974. He then went on to earn a degree in chemical engineering from Texas Tech University in 1978.

Career

Dunn began his career at ExxonMobil as an engineer from 1978 to 1980. He then worked in banking at First City National Bank in Midland until 1987, eventually becoming senior vice president and manager of oil and gas lending. From 1987 to 1995, Dunn worked at Parker & Parsley Petroleum, where he became chief financial officer. In 1996, Dunn founded CrownQuest Operating, where he currently serves as CEO. CrownQuest Operating is a significant player in the Permian Basin. In December 2023, Dunn signed an agreement to sell his fracking company, CrownRock, to Occidental Petroleum in a deal valued at $12.4 billion.

Key Business Strategies

Dunn's success is rooted in his strategic acquisitions in the Permian Basin. He acquired cheap leases in the Permian Basin years before the fracking boom. CrownQuest Operating's strategy has been to maintain operations even during economic downturns, keeping rigs drilling throughout the pandemic. In August of 2024, Dunn finalized the $12 billion deal to sell CrownRock LP to Occidental Petroleum Corp..

Philanthropy

Dunn is actively involved in philanthropy. He funds adoption services and foster homes for over 300 children in West Texas. He serves as the chairman of the Christian Advisory Board of the Israel Allies Foundation.

Career Timeline

2024

Sold CrownRock to Occidental Petroleum

Finalized a $12 billion deal to sell CrownRock LP to Occidental Petroleum Corp. increasing Occidental's acreage in the Permian Basin

2023

Sold CrownRock to Occidental Petroleum

Sold CrownRock to Occidental Petroleum for $12.4 billion

2013

Top CEO of a large company

Named top CEO by the Texas Independent Producers and Royalty Owners Association and Texas Monthly magazine

1996

Co-founded CrownQuest Operating

Founded CrownQuest Operating, an oil and gas business. He currently serves as the company's CEO.

1980

Senior Vice President, First City National Bank

Worked in banking, eventually becoming the senior vice president and manager of oil and gas lending

1978

Engineer at ExxonMobil

Began career as an engineer

Philanthropic Impact

ReligiousUndisclosed

Christian Advisory Board of the Israel Allies Foundation

Chairman of the Christian Advisory Board of the Israel Allies Foundation

Children's welfareUndisclosed

West Texas Adoption Services

Funds adoption services and foster homes for over 300 children

Key Business Ventures & Holdings

CompanyStakeValue
AEye Inc——

Net Worth History

In-Depth Analysis

Early Life and Education

Timothy Marvin Dunn was born in 1955 in Big Spring, Texas. Growing up in a Christian household, he was the youngest of four boys. Dunn was an Eagle Scout and graduated from Big Spring High School in 1974. He then went on to earn a degree in chemical engineering from Texas Tech University in 1978.

Career

Dunn began his career at ExxonMobil as an engineer from 1978 to 1980. He then worked in banking at First City National Bank in Midland until 1987, eventually becoming senior vice president and manager of oil and gas lending. From 1987 to 1995, Dunn worked at Parker & Parsley Petroleum, where he became chief financial officer. In 1996, Dunn founded CrownQuest Operating, where he currently serves as CEO. CrownQuest Operating is a significant player in the Permian Basin. In December 2023, Dunn signed an agreement to sell his fracking company, CrownRock, to Occidental Petroleum in a deal valued at $12.4 billion.

Key Business Strategies

Dunn's success is rooted in his strategic acquisitions in the Permian Basin. He acquired cheap leases in the Permian Basin years before the fracking boom. CrownQuest Operating's strategy has been to maintain operations even during economic downturns, keeping rigs drilling throughout the pandemic. In August of 2024, Dunn finalized the $12 billion deal to sell CrownRock LP to Occidental Petroleum Corp..

Philanthropy

Dunn is actively involved in philanthropy. He funds adoption services and foster homes for over 300 children in West Texas. He serves as the chairman of the Christian Advisory Board of the Israel Allies Foundation.

Data Sources & Methodology

Figures for Timothy Dunn & family are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.

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