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Ted Collins Jr.


1938 - 2018 Obituary Condolences
Ted Collins Jr. Obituary
C.O. Ted Collins, Jr.
1938-2018
C.O. Ted Collins, Jr. was born on May 26, 1938 in Fort Worth, Texas to Clyde Otto "Ted" Collins and Victoria Madden Collins. Ted had fond memories of growing up on Tremont Street in Fort Worth with his older sister, Patricia. Ted's father was a successful oil man and wildcatter – he is famed for having taken the first lease ever recorded in Lea County, NM - and Ted was eager to follow in his father's footsteps. After graduating from Arlington Heights High School, he pursued a Bachelor of Science degree in Geological Engineering, graduating from the University of Oklahoma in 1959.
Ted started his career in the business as a Petroleum Engineer with Pan American Petroleum, where he was stationed in West Texas. At 26, he struck out on his own as an independent, buying and trading leases and prospects with several partners. Just a few years later, he and a few partners created American Quasar Petroleum Company, which at one point was the largest publicly traded drilling fund in the country. In 1982, Ted left American Quasar to become President of HNG Oil Company which would later merge into and ultimately become Enron Oil and Gas, now known as EOG Resources. In 1988, Ted partnered with an old friend with whom he had worked at America Quasar, Herb Ware, to start Collins and Ware. Collins and Ware was one of the first companies to use 3D seismic technology as an exploration tool, which helped them find a number of new discoveries including Fusselman/Ellenburger zones. Herb and Ted ultimately operated numerous wells in multiple basins, including the Permian and Williston Basins.
Ted then turned his attention to new partnerships and ventures, and it was during this time that he started truly earning the moniker, "Ten Percent Ted", for his entrepreneurial pursuit of oil and gas deals and willingness to quickly make decisions and partner with a number of people and companies. One of the first new investments was an early lease play in Montana that became what we now know as the Bakken. Ted was among the first to sell Continental Resources leases in the play, and today they are one of the largest operators in the region. Ted also partnered with his old Fort Worth friend, George Young to form Collins and Young, LLC. Together they had great fun building a sizable position in the Barnett Shale, ultimately making several sales alongside their partners Chief Oil & Gas. He then went on to help create, with his partner Mike Wallace, what ultimately became RSP Permian, now a public company chaired by his close friend Mike Grimm. He also invested with a number of good friends in different ventures, including Cortez Resources, Crown Oil Partners, Double Eagle Development, Echo Energy, OGP Energy, Patriot Resources, Rubicon Oil and Gas, and Silverback Exploration. He served on a number of Boards over the years including most recently RSP Permian, Energy Transfer Partners, Oasis Petroleum and Kimbell Royalty Partners.
Ted was fortunate to have many wonderful partners and was always humble despite his many successes. He was known to repeat the old saying, "Have you ever seen a turtle perched on top of a fence post? If you think about it, he didn't get up there on his own – someone had to put him up there." Ted is the recipient of number industry awards and honors, including the 2006 AAPL Lifetime Achievement award, the 2008 Permian Basin Petroleum Association Top Hand award, induction into the Permian Basin Petroleum Museum Hall of Fame, along with Herb Ware, in 2009, the 2017 Hart Energy's Industry Leader Award, and he was set to receive the 2018 Mewbourne Distinguished Alumni Award from the University of Oklahoma. As Ted would say, "It really does not seem fair to get an award for doing something that you enjoy so much." He was also known to say each time he got one of these awards that he did not deserve it, he had just outlived his competition.
Ted was ingrained in his community and enjoyed helping others. He was always willing to take the time to speak with young folks trying to make their way in the industry. He served as the Chairman of Midland Wildcat Committee since 1984, was past President of the Permian Basin Petroleum Association, the Permian Basin Landman's Association, the Petroleum Club of Midland, and was an Advisory Director of TPH Asset Management. He was on the Midland Memorial Hospital Board of Governors, a member of the Exchange Club of Fort Worth, and a Board Member of the CLL Global Research Foundation. He was actively involved in the OU Foundation as part of the Seed Sowers Society and was a member of the Longhorn Foundation. He was also a member of the All American Wildcatters, a group to which he was very proud and honored to be included.
Ted had a great passion for the oil and gas industry, but his true treasures were his family and friends. He was a proud father of three boys, James Patrick Collins, Christopher Michael Collins, and Ted Collins III. He enjoyed partnering with Patrick on a number of oil and gas ventures, admired Michael's success in the real estate industry, and was also very proud of Teddy in his many and various ventures. He was happiest spending time with his wife, Diana Lorenzen Collins. Their relationship blossomed over 20 years together where they loved walking their dog, Reagan, traveling to California, attending UT football games, and relaxing in each other's presence. Together they were actively involved in the Midland YMCA's addition to the Child Day Care Center and the renovation of the Midland Memorial Hospital.
Ted had countless friends with whom he shared many fond memories, including numerous golf outings, trips all over the country, attending Monday Lunch Bunch with his buddies, and college football games to see either the Oklahoma Sooners or Texas Longhorns. He loved calling friends to discuss the latest score or reminisce about good times and the history of the oil business – often telling the same stories over and over again, or a great joke he'd recently heard. Ted was always optimistic, saw the positive in every situation and made you feel like you really mattered because he truly cared about you. Everyone who knows him has a "Ted Collins" story, and he will be truly missed by so many of those whose lives he impacted.
Ted is preceded in death by his father and mother. He is survived by his beloved wife Diana; his mother-in-law Joyce Souza; sister Patricia and her husband Bill Massad, whom Ted considered his brother; three wonderful sons, J. Patrick Collins and his wife Lindsey Collins, Michael Collins, and Teddy and his wife, Rocia Collins; and his cherished grandchildren - Patrick's Ford, Petra, and Delphine, Michael's Lila, and Teddy's Evanka.

The family would love to hear, see and share your memories and photos of Ted, which can be sent to [email protected] Please feel free to send anything that comes to mind – a story, a conversation, an old photo, etc.
We will celebrate the life and memory of Ted with a visitation from 6:00 pm – 8:00 pm at The Branch at Nalley-Pickle & Welch on Wednesday, January 31, 2018. His Memorial Service will be at First Presbyterian Church of Midland at 3:00 pm on Thursday, February 1, 2018. A Memorial Reception will follow at the Petroleum Club of Midland at 4:00 pm. Ted will be laid to rest at a private burial service at Greenwood Memorial Park in Fort Worth on Saturday, February 3, 2018. A Memorial Reception will take place following the burial at 12:00 pm at River Crest Country Club on Saturday.
Honorary pallbearers are Bill Bowerman, Bill Granberry, Bob Garbrecht, Brett Smith, Clifton Morris, Dick McMillan, Don Evans, Don Jones, George Young, Jim Alsup, Joe Liberty, Joe Martin, Joe O'Neill, Jon Brumley, Mac Thompson, Mike Grimm, Mike Wallace, Pete Russey, Phil Pritchett, Randy Geiselman, and Robert Tucker Jr.
In lieu of flowers, donations can be made to The Lighthouse for the Blind in Fort Worth located at 912 W. Broadway Avenue, Fort Worth, TX 76104. Or https://lighthousefw.org/donate/
Arrangements are under the direction of Nalley-Pickle & Welch Funeral Home & Crematory of Midland. Online condolences may be made at www.npwelch.com.
Published in Houston Chronicle from Jan. 31 to Feb. 1, 2018
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