Sheridan has written several films, including the screenplay for Sicario (2015), for which he was nominated for the Writers Guild of America Award for Best Original Screenplay. He was nominated for the Academy Award for Best Original Screenplay for Hell or High Water (2016), which was nominated for three other Oscars, including Best Picture. Sheridan also wrote and directed the 2017 neo-Western crime film Wind River and wrote the 2018 sequel to Sicario.

Sheridan got his start portraying Danny Boyd in Veronica Mars (2005–2007) and David Hale in the FX television series Sons of Anarchy. He has since created several series for Paramount , including the crime thriller Mayor of Kingstown, Tulsa King (which he co-wrote with Terence Winter), the espionage thriller Lioness, and the drama Landman.

In 2021, Sheridan was inducted into the Texas Cowboy Hall of Fame. In 2024, Sheridan was inducted into the Texas Business Hall of Fame. He is an Honorary Graduate at Texas Christian University.

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