Valor’s CEO and founder, Joseph DeWoody, was recently featured in Fort Worth Inc. Office Space Spring 2023 issue!
Pick up a copy and check out this amazing spread to learn all about Joseph and get a sneak peek into his office.
Company Lands spot on Inc.’s Southwest Region’s Fastest-Growing Private Companies List
FORT WORTH, TX (Feb. 28, 2023) – Valor, a Fort Worth-based specialty asset management company with expertise in mineral management and oil and gas accounting, is honored to be ranked No. 33 on Inc. magazine’s fourth annual Inc. 5000 Regionals Southwest list. Born of the annual Inc. 5000 franchise, this list is the most prestigious ranking of the fastest-growing private companies based in Arizona, New Mexico, Oklahoma, and Texas. It represents a unique look at some of the most successful companies operating in the Southwest economy’s most dynamic segment – independent small businesses. Inc. analyzes growth within a two-year time frame, of which Valor recorded a growth rate of 500%.
“It’s an incredible honor to be recognized on a national scale for the levels of sustainable growth we’ve achieved over the past four years,” said Joseph DeWoody, CEO of Valor. “We plan to continue on our path of growth, in both size and revenue, adding more jobs and money to the Southwest’s regional economy. I’m thankful to all of our dedicated clients and hard-working employees who’ve helped us earn such a high ranking on the prestigious Inc. Regionals list.”
With offices in Fort Worth and Midland, Texas, Valor has grown to become one of the Southwest’s leading private asset managers, providing mineral management, oil and gas bookkeeping, and operator outsourcing for mineral rights, and oil and gas owners. Thanks to the company’s revolutionary mineral.tech® software platform and mineral management services, Valor now oversees a combined 10.2 million gross acres and 560,000 net royalty acres of mineral and property rights on behalf of more than 100,000 interests across 32 U.S. states.
“This year’s Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of America’s off-the-charts growth companies,” says Scott Omelianuk, editor-in-chief of Inc. magazine. “They’re disruptors and job creators, and all delivered an outsized impact on the economy. Remember their names and follow their lead. These are the companies you’ll be hearing about for years to come.”
The companies on this list show a remarkable rate of growth across all industries in the Southwest region. Between 2019 and 2021, these 165 private companies had an average growth rate of 557% and, in 2021 alone, they added 16,116 jobs and nearly $5.5 billion to the Southwest region’s economy. Companies based in the Austin, Texas, Scottsdale, Arizona, and Fort Worth, Texas, areas had the highest growth rates overall. Complete results of the Inc. 5000 Regionals Southwest, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/southwest beginning Feb. 28, 2023.
The list recognizes top corporate financial executives in Dallas-Fort Worth.
FORT WORTH, TX (Feb. 21, 2023) Valor, a Fort Worth-based specialty asset management company with expertise in mineral management and oil and gas accounting, landed two finalist spots on D CEO’s 2023 Financial Executive Awards. Presented in partnership with Financial Executives International, Association for Corporate Growth, and TXPCA-Dallas, the program honors top corporate financial executives in Dallas-Fort Worth.
Valor’s finalists include Joseph DeWoody, representing Valor, for ‘Most Innovative Finance Team‘ and Adam Powell, CPA, in the category of ‘Outstanding Chief Accounting Officer, Controller, or Treasurer‘.
With over 70 years of combined experience, the accounting team at Valor is able to navigate the complexities of such an elaborate industry. The team serves as a highly functional asset for both the mineral management and operator services departments. The amount of revenue managed on behalf of Valor’s mineral management clients has grown exponentially, doubling year after year to $240 million at the close of 2022. The accounting team has also seen its own level of growth, adding several new employees to the department in the past few months.
The mineral management accounting team works with over 100 clients and entities, masking over 80,000 interests. Valor recovered over $1 million in suspended funds for clients in 2022 alone, which wasn’t previously accessible to them or sitting unknowingly within a suspense account. The team also processes over 2,100 revenue checks with a value of over $20 million monthly and 410,000 transaction lines. Through its proprietary cloud-based software, mineral.tech®, and intuitive business practices, the team is able to provide detailed revenue reporting, track trends, assist with oil and gas lease negotiation and counsel, and offer full-service JIB accounting, AFE accounting.
When it comes to operator outsourcing services, the team is responsible for the back office support for several clients, while simultaneously providing owner-relations support for 2,000 owners. Their clients are able to save on overhead costs and minimize their time spent in day-to-day owner relations. Operators are able to trust Valor’s oil and gas accounting team with all of their advanced data, analytics and reporting.
Adam Powell has dedicated himself to propelling Valor to the next level and successfully delivering results in his role as a financial leader. He lead the company through its first SOC audit in 2020, strengthening the integrity of the accounting department. In addition to the financial well-being of clients and partners, Powell plays a strong role in the well-being of Valor’s employees. He took responsibility for facilitating Valor’s 401K plan and will continue to manage the program accordingly. In 2022, Powell was a finalist in the DCEO Financial Executive Awards and the DCEO Energy Awards alongside colleague Matt Autry who won the DCEO “Rising Star” award.
All 40 finalists on the list will be recognized in the May issue of D CEO magazine and online; winners in various categories will be revealed at an exclusive awards event this spring.
Director-level position establishes a dedicated presence in the company’s Midland office
FORT WORTH, TX (Feb. 14, 2023) – Valor, a Fort Worth-based specialty asset management company with expertise in mineral management and oil and gas accounting, has named Claire Ames Shaw as the company’s new director of West Texas operations. Claire will work from Valor’s satellite office in Midland, Texas, maintaining a dedicated presence for the company in this energy rich region. The addition of Claire to the team reinforces the company’s commitment to having a strong, continuous presence in the West Texas region.
“Over the past few years, we’ve noted a substantial increase in new mineral management clients and prospects in the West Texas region,” said Joseph DeWoody, CEO of Valor. “Claire’s experience and credentials made her a unanimous choice to head up Valor’s office in Midland. Under her leadership and guidance, we look forward to having boots on the ground and the opportunity to strengthen relationships with the individual and institutional clients we serve.”
In the past decade, Claire has lived and worked in Midland, allowing her to gain a familiarity with the people and culture that define this oil-rich region of Texas. Claire is also no stranger to the mineral management and banking industries, having spent eight years at J.P. Morgan Private Bank, three of which were in the Midland office, and another two years working as a land assistant for Statewide Minerals Company. While at J.P. Morgan she held both Series 7 and Series 63 licenses, qualifying her to work as an agent with all types of corporate securities offerings. In addition to representing Valor’s local interests, she’ll also be continuing her work with the nonprofit Young Professionals Organization (YPO) of West Texas. Claire is a graduate of Auburn University, where she earned a Bachelor of Science (BS) in finance.
With offices in Fort Worth and Midland, Texas, Valor has grown to become one of the Southwest’s leading private asset managers, providing mineral management, oil and gas bookkeeping, and operator outsourcing for mineral owners and oil and gas investors. Thanks to the company’s revolutionary mineral.tech® software platform and mineral management services, Valor now oversees a combined 10.2 million gross acres and 560,000 net royalty acres of mineral and property rights on behalf of more than 100,000 interests across 32 U.S. states.
Company adds Matthew Hoffacker and Timothy Stackpole to its growing employee roster
FORT WORTH, TX (Jan. 31, 2023) – Valor, a Fort Worth-based specialty asset management company with expertise in mineral management and accounting-based software solutions, has announced the hiring of two new staffers to shore up the company’s fast-growing accounting department. Matthew Hoffacker has joined Valor as a new senior accountant and Tim Stackpole will serve the company as a new staff accountant.
“We’re glad to have both Matthew and Tim onboard and look forward to their contributions,” said Joseph DeWoody, CEO of Valor. “In the past 12 months, Valor has more than doubled in size and revenue, with our accounting department responsible for the majority of this rapid growth. We’re fortunate that the company continues to experience robust new business growth – and we’re committed to making sure we’re staffed up properly to meet the needs of Valor’s rapidly diversifying client base.”
Matthew Hoffacker is highly experienced in accurate financial reporting and joint interest accounting. In his new role with Valor, Hoffacker will manage oil and gas accounting and bookkeeping for the company’s operator services department. Prior to joining Valor, he spent the previous five years as a senior-level joint interest billing accountant with TEEP Barnett USA, LLC – a natural gas exploration and production company. His prior in-category experience also extends to Crude Energy, where Hoffacker managed all accounts payable and joint interest accounting functions, successfully integrating departmental data. During this time, he implemented and maintained cloud-based EDI solutions for more than 1,200 non-operated upstream assets for integrated oil and gas firms operating in the basins of Eagle Ford Shale, Permian, and San Juan.
Timothy Stackpole brings a wealth of knowledge in accounting principles and data analysis to his new staff accountant role at Valor. Prior to joining the company, Tim was a senior accountant for Optimum Healthcare Management, a senior care operator that manages skilled nursing facilities. Stackpole also worked for a private CPA firm that assists clients in a wide array of industries representing a diverse set of accounting needs. He earned a Bachelor of Arts in History from the University of North Texas and Bachelor of Science in Accounting from Tarleton State University.
Since its founding in 2018, Valor has grown to become one of the Southwest’s leading private asset managers, providing business process outsourcing, proprietary software solutions, and accounting and management services for mineral rights owners and other private wealth clients. Thanks to the company’s revolutionary mineral.tech® software platform and mineral management services, Valor now oversees a combined 10.2 million gross acres and 560,000 net royalty acres of mineral and property rights on behalf of more than 100,000 interests across 32 U.S. states. The company’s professional services scope, focused primarily on private wealth management and oil and gas assets, extends beyond Valor’s business solutions and back-office services to include Valor Ignite™ – an on-demand business process outsourcing solution for accounting, marketing services, and contract c-suite engagements.
Hanna Howard and Ashley Beebe, both TCU-Alums, join company in 2023
FORT WORTH, TX (Jan. 12, 2023) – Valor, a Fort Worth-based specialty asset management company with expertise in mineral management and accounting-based software solutions, has announced the hiring of two female executives with a local college connection. Effective immediately, Hanna Howard – a former associate head coach for the TCU Women’s Basketball team – will serve as the company’s chief of staff. And Ashley Beebe – previously the associate director of major gifts for the TCU Frog Club – has been hired to serve in the organization’s newly created position of chief growth officer. Both Howard and Beebe competed in college athletics at the Division I level.
“We are thrilled to add these two powerhouse executives to the team,” said Joseph DeWoody, CEO of Valor. “They’ve previously held high-performing donor outreach and coaching positions at TCU and are familiar with mentoring others, motivating teams, and enhancing performance on an individual level. We’re anxious to have them begin in these roles, where they can both channel their competitive nature and apply it to Valor’s workforce and our growing roster of clients.”
Hanna Howard will serve as the organization’s chief of staff. A lifelong coach, she’ll help direct project management, communications, and strategic planning for the company’s future. The professional and specialty asset management services provided by Valor not only apply to individuals but also extends to include institutional clients – including churches, universities, colleges, banks, corporations, foundations, family offices, and endowments. Prior to joining Valor, Howard served as an associate head women’s basketball coach at both TCU and Fresno State, in addition to her time on the coaching staffs of Utah State and UC San Diego. She earned a BA in business communications from the University of Portland and a master’s degree from Concordia University in Irvine, Calif.
Ashley Beebe will serve as Valor’s chief growth officer. In this role, she’ll oversee Valor’s business development efforts as a departmental head, directing both staff and resources in building up the company’s growing list of clientele. Prior to joining the company, Beebe was an associate director of major gifts for the TCU Frog Club, an athletic booster organization that raises funds and awards scholarships for the university’s athletic department. She also created two entrepreneurial ventures of her own and previously represented NFL-level talent as an agent with Willis & Woy Sports Group. She earned a bachelor’s degree from TCU and a JD from Texas Tech Law School, where she served as the president of the school’s Sports Law Society.
As one of the Southwest’s leading private asset managers, Valor provides business process outsourcing, proprietary software solutions, and accounting and management services for mineral rights owners and other private wealth clients. Thanks to the company’s revolutionary mineral.tech® software platform and mineral management services, Valor now oversees a combined 10.2 million gross acres and 560,000 net royalty acres of mineral and property rights on behalf of more than 100,000 interests across 32 U.S. states. The company’s professional services scope, focused primarily on private wealth management and oil and gas assets, extends beyond Valor’s business solutions and back-office services to include Valor Ignite™ – an on-demand business process outsourcing solution for accounting, marketing services, and contract c-suite engagements.
Designation recognizes global benchmark achievements in workplace culture
FORT WORTH, TX (Dec. 14, 2022) – Valor, a Fort Worth-based asset management company specializing in mineral rights and accounting-based software solutions, is honored to be Certified™ by Great Place to Work® for creating an outstanding workplace culture and employee experience. The prestigious certification is awarded through a two-stage process that includes a questionnaire on company culture and workforce, and the completion of a research-backed employee experience survey. Since founding the company in 2018, CEO Joseph DeWoody has prioritized creating an environment where employees feel supported, empowered to learn and contribute to Valor’s overall growth.
“The workplace culture, values, and mission we’ve established are at the core of our company’s success,” said Joseph DeWoody, CEO of Valor. “We’re committed to maintaining a balanced lifestyle and employee satisfaction and it makes us proud to join the ranks of other top workplaces. We have our employees to thank for helping us continue building an incredible community here at Valor.”
Great Place to Work® Trust Index employee survey provides an in-depth analysis of a company’s strengths and weaknesses. It’s backed by a data-driven model based on feedback from over 100 million employees around the globe. Compared to 57% of employees in a typical U.S.-based company, 96% of Valor’s employees shared their belief that the company is a great place to work. All employees also reported that when they joined the Valor team, they were made to feel both welcome and valued.
“Great Place to Work Certification™ isn’t something that comes easily – it takes ongoing dedication to the employee experience,” said Sarah Lewis-Kulin, vice president of global recognition at Great Place to Work®. “It’s the only official recognition determined by employees’ real-time reports of their company culture. Earning this designation means that Valor is one of the best companies to work for in the country.”
As one of the Southwest’s leading private asset managers, Valor provides business process outsourcing, proprietary software solutions, accounting and management services for mineral rights owners and other private wealth clients. Thanks to the company’s revolutionary mineral.tech® software platform and mineral management services, Valor now oversees a combined 8.4 million gross acres and 450,000 net royalty acres of mineral and property rights across 32 U.S. states.
For more information on Valor’s role as an asset professional services provider, please visit www.onevalor.com.
About Valor:
Valor is a specialty asset management and professional services provider that uses technology and innovation to ease the burdens of asset management in the oil and gas industry. We place the client first, providing flexible solutions and leveraging our team of experts to maintain the security, clarity and optimization of privately owned assets. Valor oversees 8.4 million gross acres and 450,000 net royalty acres of mineral and property rights in 32 states. The company manages more than 100,000 interests, which generates over $150 million in annual revenue for Valor’s clients. Valor’s professional services scope also extends beyond the energy sector with Valor Ignite™ – an on-demand outsourcing solution for accounting, business process outsourcing, contract C-suite engagements and back-office support. Explore the benefits of partnering with Valor to manage mineral rights and streamline business operations by visiting www.onevalor.com.
About Great Place to Work®:
Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting and insights they need to make data-driven people decisions. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For All™.
Learn more at greatplacetowork.com and on LinkedIn, Twitter, Facebook and Instagram.
Technology-based hires will direct client acquisition strategies for the company
FORT WORTH, TX (Dec. 5, 2022) – Valor, an asset management company specializing in mineral rights and accounting-based software solutions, has added Peter Milley and Ben Larrabee to the staff, where they will work together in supporting the company’s business development efforts. Both Milley and Larrabee will primarily focus on showcasing the value of the company’s services and proprietary mineral.tech® software platform, designed to serve the needs of the organization’s mineral management clients.
“We’re looking forward to working with ambitious, innovative thinkers like Peter Milley and Ben Larrabee,” stated Joseph DeWoody, CEO of Valor. “The relentless pursuit of innovation is one of Valor’s four core values, making them both a great fit for our organization. They’ll both be instrumental in promoting the value proposition of Valor’s business solutions, tailored to meet the needs of our asset holders at the individual and institutional-level.”
Both Milley and Larrabee have extensive experience in the mineral management and software-as-a-solution (SaaS) industries. Prior to joining the Valor team, the duo was responsible for developing OfferScout, a mobile app-based platform that aggregates and organizes data for mineral rights owners, allowing them to access multiple offers for comparison against competitive bids and evolving market conditions. Now working in-house at Valor, Milley and Larrabee will draw upon their previous oil and gas industry experience to focus on new business development and client acquisitions designed to build up and strengthen the organization’s mineral management services.
Prior to joining Valor, Peter Milley was a partner at Potomac Royalty Partners, worked as a Landman for Stronghold Resource Partners, and served as an energy credit analyst for Independent Bank Group. He graduated from Georgetown University with a B.S. in Management and Marketing, and earned his MBA from TCU. Ben Larrabee worked with Milley at Potomac and Stronghold Resource Partners, and also served as a Landman for Cazadores Royalty Partners. He graduated from the University of Mississippi with a B.A. in Managerial Finance. Both Milley and Larrabee’s official titles at Valor will be director of business development.
“I’m excited to join the Valor team and focus on building up the organization’s client base,” said Peter Milley. “There’s still an untapped market of asset holders at both the individual and institutional level who stand to benefit from Valor’s expertise, business solutions, and guidance.” Larrabee echoes the same sentiments, stating, “Valor has made great strides in helping mineral rights owners get the most out of their land and holdings. The company is truly revolutionizing the way we optimize asset value in the oil and gas industry, which makes for a convincing case to utilize Valor’s business solutions and service lines.”
Award recognizes business and community leaders who meet the highest ethical standards
FORT WORTH, TX (Nov. 16, 2022) – Valor is proud to announce it is one of six Texas businesses to receive the honor of receiving Better Business Bureau’s 2022 Torch Awards for Ethics. BBB serving the Heart of Texas presents the Torch Awards for Ethics each year to businesses that exemplify ethical behavior and display integrity in all aspects of its operations. Valor is a Fort Worth-based specialty asset management company that handles mineral rights, provides innovative software solutions, and offers outsourcing for business processes. CEO Joseph DeWoody and the entire Valor team were excited to learn that they’d been chosen as a winner among the nearly 100 applicants for this year’s award across 105 Texas counties.
“We’re honored to be acknowledged for our ethical business practices,” said Joseph DeWoody, CEO of Valor. “It’s always a pleasure to be recognized for business practices that lead by example, empowering others to maintain their own commitment to personal improvement and ethical behavior. At Valor, we’ve worked hard as a team to build our reputation in the local business community, with a firm belief in adhering to the highest ethical standards and practices.”
Since the company was founded in 2018, Valor’s business solutions have helped the company become one of the Southwest’s leading private asset managers and mineral rights specialists. Thanks to the value provided by Valor, the company now oversees a combined 8.4 million gross acres and 450,000 net royalty acres of mineral and property rights across 32 U.S. states. Valor’s proprietary mineral.tech® software tracks and optimizes more than 100,000 interests, generating a combined worth of over $150 million in annual revenue on behalf of their clients. The company’s professional services scope, focused primarily on private wealth management and oil and gas assets, extends beyond Valor’s business solutions and back-office services in the energy sector to include Valor Ignite™ – an on-demand business process outsourcing solution for accounting, marketing services, and contract c-suite engagements. Valor manages private assets for an increasingly wide range of clientele, including individuals, families, partnerships, trusts, non-profits, universities, institutions, investment funds, and family offices.
On Oct. 28, BBB serving the Heart of Texas announced that Valor was one of six businesses to win the 2022 Torch Awards for Ethics.
“Better Business Bureau celebrates its Torch Award winners for everything they do to strengthen their business community and contribute to an ethical and trustworthy marketplace,” said Carrie A. Hurt, president and CEO of BBB serving the Heart of Texas. “Torch awardees are a step above the rest – they’re the best of the best.”
The Torch Awards competition is open to all for-profit businesses headquartered in BBB’s 105-county service area. Nominees are offered the opportunity to submit an entry to BBB, where a panel of independent volunteer business and community leaders review the entries and choose the winners based on their performance in the marketplace.
About Valor:
Valor is an asset professional services provider that uses technology and innovation to ease the burdens of asset management in the oil and gas industry. We place the client first, providing flexible solutions and leveraging our team of experts to maintain the security, clarity, and optimization of privately owned assets. Valor oversees 8.4 million gross acres and 450,000 net royalty acres of mineral and property rights in 32 states. The company manages more than 100,000 interests, which generate over $150 million in annual revenue for Valor’s clients. Valor’s professional services scope also extends beyond the energy sector with Valor Ignite™ – an on-demand outsourcing solution for accounting, business process outsourcing, contract C-suite engagements, and back-office support. Explore the benefits of partnering with Valor to manage mineral rights and streamline business operations by visiting www.onevalor.com.
About the BBB:
The Better Business Bureau has empowered people to find businesses, brands, and charities they can trust for over 110 years. In 2021, people turned to BBB more than 200 million times for BBB Business Profiles on 6.3 million businesses and Charity Reports on 25,000 charities, free at BBB.org. Local, independent BBBs can be found across the United States, Canada, and Mexico, including BBB serving the Heart of Texas, which was founded in 1950 and serves 105 counties across Texas.
Former JPMorgan Chase closing manager joins the company’s land department
FORT WORTH, Texas, Nov. 10, 2022 /PRNewswire/ — Valor, a specialty asset management company specializing in mineral rights and software-based business solutions, has announced the hiring of Nathaniel Walter, CPL as Senior Mineral Manager for the company’s land department. With his wealth of experience as a landman and land technician, Nathaniel, who often goes by the shortened version of his formal name (“Nat”), will use his extensive knowledge and hands-on experience to increase the value and optimize the accuracy of clientele data.
“Nathaniel will be an excellent addition to our land department and an incredible asset for our valued clients,” said Joseph DeWoody, CEO of Valor. “His background in land services, coupled with his extensive experience managing mineral assets for banking clients, makes him a dedicated practitioner – a common trait shared among all Valor employees. We look forward to watching the positive impact Nathaniel will have on the company and Valor’s clientele.”
As a certified land professional with over a decade of experience in the oil and gas industry, Nathaniel has developed a proficiency and understanding of numerous industry resources, tools, and innovative practices. Prior to joining Valor, Walter served as an oil & gas closing manager for JPMorgan Chase, honing his skills in the administrative and operational aspects of specialty asset management. He earned a bachelor’s degree in illustration from Rocky Mountain College of Art & Design.
As one of the region’s leading specialty asset management and mineral rights companies, Valor has oversight of 8.4 million gross acres and 450,000 net royalty acres of mineral and property rights in 32 states. Valor’s business solutions help manage more than 100,000 interests, which generate over $150 million in annual revenue for Valor’s clients. The company’s professional services scope, which places a premium on private wealth management, extends beyond Valor’s business solutions and back-office services in the energy sector to include Valor Ignite™ – an on-demand business process outsourcing solution for accounting, marketing services and contract C-suite engagements. Valor manages assets for a wide range of client profiles, including individuals, families, partnerships, trusts, non-profits, universities, institutions, investment funds, and family offices.
“It’s an honor to have the opportunity to work alongside a team of qualified professionals who are redefining the future of mineral management,” stated Nat Walter. “The corporate culture and client-first approach at Valor are unmatched in the industry and I’m looking forward to serving in this new role for years to come.”
