A Dallas-based geophysicist, he built a small fortune through his consulting work with oil companies. In addition to his professional success, he also emerged as a well-known local philanthropist. Before rising to prominence, he had followed the same path as his father in the field of mining. He pursued geophysics during his college years and spent his summers working with the U.S. Geological Survey. He was born in Greensburg, Kansas, where he grew up as the eldest of three siblings, the son of John and Narcissa Kagy Huddle DeGolyer.
He played a key role in organizing the Amerada Petroleum Corporation, which later evolved into Hess, a well-known Fortune 100 oil company. In addition, he founded Geophysical Service Incorporated, a company that specialized in using geophysical methods to locate oil deposits. His contributions to the oil industry were significant, as he helped pioneer the use of geophysics in finding valuable oil reserves. Through his leadership and vision, he left a lasting impact on the energy sector.