Rebol graduated from the University of Colorado in 1976 with a Bachelor of Science in Engineering.
For the next ten years he held various positions with Schlumberger Well Services in Colorado, New Mexico, North Dakota, and Alaska. Before he left to start his own company, Rebol was the Alaska Exploration District Manager.
Since 1986, he has started various well servicing companies with emphasis on abandonment work. He has operational experience in the Rockies, Texas, Oklahoma, and Kansas. Rebol sold his service company in 2014 to a predecessor of Ranger Well Services.
In 1996, Rebol partnered with Chisholm to form Investment Equipment. They operate oil and gas wells in Colorado, Kansas, Oklahoma, Wyoming, and North Dakota. Their primary focus of acquisition and exploration has been in Colorado and Kansas.