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.