FAQ
Tower Rock’s methods and approach explained in-depth.
How do I get an offer from Tower Rock Oil & Gas?
See Our Process. Simply call us at 800-417-3329, or email us through the link for “Request a Quote.” Provide us the requested information, and we’ll perform an evaluation and send you an offer for your interests.
How do you determine the value of my interests?
Tower Rock generates aggressive offers for non-producing minerals by analyzing surrounding activity including drilling, production, and leasing. We factor in dry-holes, surrounding well performance, and the likelihood of drilling one, two, or more wells. For a producing property, we perform a decline-curve analysis on the wells, which means that we forecast the production based on its prior performance.
That production forecast is then pit against time value of money, taxes, commodity pricing, etc., to generate a discounted cash-flow analysis. Feel free to give us a call and we’d be happy to discuss this in more detail with you!
That production forecast is then pit against time value of money, taxes, commodity pricing, etc., to generate a discounted cash-flow analysis. Feel free to give us a call and we’d be happy to discuss this in more detail with you!
How long does the process take to get paid?
NOT LONG! We take pride in our ability to quickly generate offers and close deals. While much of our timeline is dictated by receiving timely and quality information from you, we can generally get payment to an interest owner with clean title within 10-15 business days of the original request for the quote.
How much will it cost me to get an evaluation and offer for my interests?
Absolutely nothing. Tower Rock Oil & Gas will perform an evaluation free of charge, and will perform title and due diligence at our cost once you decide to complete your transaction with us.
Does Tower Rock Oil & Gas charge a fee to evaluate my interests if I don’t end up selling?
We will gladly help provide you an evaluation and offer for your interests, even if you choose not to sell. If you’re looking for an evaluation of your property simply for tax or estate planning purposes with no intent to sell, we can discuss these services with you. Please give us a call.
Why Tower Rock Oil & Gas?
Our goal is to provide you with an excellent experience. We strive for excellent service that is timely, responsive, transparent, informative, and personalized, and to provide you with the best price available for your interests.
Why would Tower Rock Oil & Gas want to buy my mineral rights? Why would they assume the risk?
Our customers ask this question after reading “Who Would Sell.” Although each deal has a fair amount of risk, we mitigate our risk by purchasing interests across the US. As an individual, you take on the risk of one property in one specific area. If someone drills a dry hole near your property, the value of your investment could plummet instantly. We are faced with dry holes and lose producing wells all the time, and, although painful, such losses do not affect us as severely due to our diversification.
Will the value of a producing mineral interest remain steady over time?
No. The mineral resources underground are finite, and eventually, will be depleted. This decline rate is taken into consideration when calculating the value of your interests. Many of our clients take the opportunity to divest from these depleting assets to invest in others that appreciate in value.
Oscar Torres
CEO
Oscar has been in the business of buying and selling minerals since 1999,
including 4,000+ transactions totaling over $120MM. He was instrumental in
leading his previous organization to success and building a $150MM+ mineral
and royalty portfolio. His background and experience is in all facets of the
mineral and royalty acquisition process including direct-mail marketing,
property valuation, and negotiations. Oscar has a BS in Petroleum Engineering
from The University of Texas at Austin. He loves spending time with his family
and is passionate about his work as a board member of the HeartGift
Foundation, which provides life-saving surgery and medical services for children
with Congenital Heart Disease (CHD) living in countries where specialized
medical treatment is scarce or nonexistent.
Back to our team
Tim Holland
COO
Tim brings 14 years of expertise managing large technology programs and streamlining operations for clients in the Energy and Financial Service markets. Prior to Tower Rock Oil & Gas, Tim was a Senior Manager for Accenture, the world’s largest information technology consulting firm. He has built out a scalable infrastructure for Tower Rock Oil & Gas, leveraging his experience with cloud platforms, custom development, data (conversions, ETL, data visualization, etc.), and process automation. Tim is passionate about taking advantage of the latest technology and streamlining processes to make operations easier, faster, cheaper, and better. He has a BS in Mechanical Engineering from the University of Texas at Austin.
Back to our team
Jake Dobkins
Director of Acquisitions and Divestiture
A midwestern kid by heart who was born and raised in St. Louis, MO, Jake’s oil and gas career began when he attended The University of Tulsa where he earned his Energy Management Degree while playing soccer. After graduating, Jake’s first job was with Chevron where he gained valuable Operator experience and focused on core drilling and development in some of the country’s most challenging fields. After identifying opportunities for improvement in both the Land and Acquisition space, Jake moved to Austin, TX and has been involved in helping mineral owners understand their assets and technologically advancing the transactions sector to provide transparency in the selling process. With the approach of honesty and data first, Jake has helped over 330 mineral owners obtain over $100MM in value for their assets. If you are ever in Austin, chances are you can find Jake at one of the many swimming holes around the city, or at the closest establishment that serves a Ranch Water.
Back to our team
Back to our team
Back to our team
We are currently updating our website to better serve you. Some features will not be available at this time. We apologize for the inconvenience, but we are still here to help. Please email us with any questions. Click here.
We are currently updating our website to better serve you. Some features will not be available at this time. We apologize for the inconvenience, but we are still here to help. Please email us with any questions. Click here.
ABOUT US
Meet some of the members of our team eager to help you.
Collectively, our team has over 70 years of experience in the oil and gas minerals and royalties space. Please click on a team member below to learn more about us.
Our leadership
Our Leadership
Oscar Torres
CEO
Oscar has been in the business of buying and selling minerals since 1999,
including 4,000+ transactions totaling over $120MM. He was instrumental in
leading his previous organization to success and building a $150MM+ mineral
and royalty portfolio. His background and experience is in all facets of the
mineral and royalty acquisition process including direct-mail marketing,
property valuation, and negotiations. Oscar has a BS in Petroleum Engineering
from The University of Texas at Austin. He loves spending time with his family
and is passionate about his work as a board member of the HeartGift
Foundation, which provides life-saving surgery and medical services for children
with Congenital Heart Disease (CHD) living in countries where specialized
medical treatment is scarce or nonexistent.
Tim Holland
COO
Tim brings 14 years of expertise managing large technology programs and streamlining operations for clients in the Energy and Financial Service markets. Prior to Tower Rock Oil & Gas, Tim was a Senior Manager for Accenture, the world’s largest information technology consulting firm. He has built out a scalable infrastructure for Tower Rock Oil & Gas, leveraging his experience with cloud platforms, custom development, data (conversions, ETL, data visualization, etc.), and process automation. Tim is passionate about taking advantage of the latest technology and streamlining processes to make operations easier, faster, cheaper, and better. He has a BS in Mechanical Engineering from the University of Texas at Austin.
Our Acquisitions Team
Our Acquisitions Team
Jake Dobkins
Director of Acquisitions and Divestiture
A midwestern kid by heart who was born and raised in St. Louis, MO, Jake’s oil and gas career began when he attended The University of Tulsa where he earned his Energy Management Degree while playing soccer. After graduating, Jake’s first job was with Chevron where he gained valuable Operator experience and focused on core drilling and development in some of the country’s most challenging fields. After identifying opportunities for improvement in both the Land and Acquisition space, Jake moved to Austin, TX and has been involved in helping mineral owners understand their assets and technologically advancing the transactions sector to provide transparency in the selling process. With the approach of honesty and data first, Jake has helped over 330 mineral owners obtain over $100MM in value for their assets. If you are ever in Austin, chances are you can find Jake at one of the many swimming holes around the city, or at the closest establishment that serves a Ranch Water.
