ABOUT
Investment Philosophy
Paraclete Oil is a Colorado based, privately held energy company focused on disciplined capital deployment and long-term value creation. We pursue direct working interests, mineral acquisitions, and structured partnerships in established producing regions.
Our approach combines technical evaluation, operational insight, and financial discipline to mitigate risk and maximize returns for our partners.
• Asset Acquisition & Divestiture
• Mineral & Royalty Purchases
• Joint Venture Structuring
• Field-Level Due Diligence
• Capital & Operator Alignment
We prioritize opportunities in established basins with predictable geology, existing infrastructure, and experienced operators. By focusing on fundamentals and maintaining conservative underwriting standards, Paraclete Oil seeks resilient performance across commodity cycles.
Focused. Disciplined. Aligned.
Capital partnership and acquisition solutions designed to accelerate development while preserving operational control.
Competitive purchase offers, transparent valuations, and efficient closing processes for mineral and royalty interests.
Structured opportunities with disciplined underwriting and clear alignment of interests.
TEXAS
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Permian Basin
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Delaware Basin
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Midland Basin
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Eagle Ford Shale
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Barnett (legacy oil areas)
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Austin Chalk
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East Texas Basin
NEW MEXICO
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Permian Basin (Delaware focus)
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Northwest Shelf
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San Juan Basin (primarily gas, some oil)
NORTH DAKOTA / MONTANA
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Bakken Formation
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Three Forks
COLORADO / WYOMING / NEBRASKA
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DJ Basin (Denver-Julesburg)
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Niobrara Formation
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Powder River Basin
OKLAHOMA
Anadarko Basin
SCOOP (South Central Oklahoma Oil Province)
STACK (Sooner Trend Anadarko Canadian Kingfisher)
Arkoma Basin
LOUISIANA / EAST TEXAS
Haynesville (primarily gas, some oil liquids)
Gulf Coast Basin
ALASKA
North Slope (Prudhoe Bay, Kuparuk)
National Petroleum Reserve–Alaska (NPR-A)
CALIFORNIA
San Joaquin Basin
Los Angeles Basin
UTAH
Uinta Basin
WYOMING
Powder River Basin
Green River Basin
MICHIGAN
Michigan Basin
OHIO / PENNSYLVANIA / WEST VIRGINIA
Appalachian Basin
Utica Shale
Marcellus (primarily gas, some liquids-rich zones)
KANSAS
Hugoton (primarily gas, some oil zones)
Central Kansas Uplift
ARKANSAS
Arkoma Basin
MISSISSIPPI / ALABAMA
Mississippi Interior Salt Basin
David Dixon, Co-founder & CEO
David co-founded Paraclete alongside Brad Hovis, bringing together deep acquisition and divestiture (A&D) expertise, advanced data and AI-driven analytics, and targeted deal origination strategies to execute disciplined capital deployment. With nearly two decades of industry experience, David has developed a comprehensive understanding of the upstream oil and gas sector and cultivated an extensive network of operators, non-ops, mineral owners, brokers, and institutional capital partners.
He began his career as a land broker, leading leasing campaigns, running title, and managing land teams for complex due diligence projects on behalf of operator and investor clients. He subsequently spent more than ten years at Ovintiv, serving as a Mineral Landman with responsibility across the Haynesville, Tuscaloosa Marine Shale, Eagle Ford, and Midland Basin of the Permian. During his tenure, David executed over $250 million in trades and A&D transactions, playing a key role in consolidating and strengthening Ovintiv’s core Midland Basin position for long-term development.
In addition to transaction execution, David led reserves reporting initiatives for the mineral land team and contributed to Ovintiv’s Land Innovations and Solutions group. In that capacity, he designed and implemented proprietary dashboards and software applications that enhanced internal reporting, operational visibility, and cross-functional communication at the corporate level. Most recently, David served as Acquisition Manager at Sarvis Energy, where he directed land acquisition efforts in the Delaware Basin, focusing on strategic land and leasehold aggregation.
David holds a Bachelor of Science degree from the University of Southern California, where he was a member of the USC baseball team and part of the 2002 Pac-10 Championship program.
Brad Hovis, Co-founder & CFO
Brad Hovis is an entrepreneur, private equity investor, and capital strategist with a disciplined approach to asset-backed investing and cash flow optimization. Having completed more than 500 real estate transactions totaling over $100 million, Brad built his portfolio with the same fundamentals valued in the energy sector: rigorous underwriting, downside protection, capital efficiency, and long-term yield performance. As Founder of Hovis Capital, he focuses on deploying private capital into tangible assets and alternative investments that perform across market cycles. Brad’s perspective resonates with financial leaders who prioritize balance sheet strength, risk-adjusted returns, and durable wealth creation.
Brad earned a BS from Liberty University and an MDiv from The Southern Baptist Theological Seminary.
FREQUENTLY ASKED QUESTIONS
Does Paraclete Oil partner with owners or investors?
Yes! Paraclete Oil Partners, LLC believes a great way to do business is to sit on the same side of the table with investors, mineral/royalty owners, leaseholders, and anyone else involved in the oil and gas land exploration and operation industry. We firmly believe that at high tide, all ships rise. Please reach out to learn more about the Paraclete Oil Partners Program.
When are royalty payments distributed?
Royalty payments are processed and released on the first business day of each month after the production month, which helps account for any account expenses.
What should I do if my royalty payment does not arrive?
Please allow up to 5 business days for delivery to account for potential banking delays. Our payments are processed via EFT/ACH, so if they have not arrive on our around the first of the month, please reach out to the Paraclete Oil’s Partner Relations team immediately.
Who should I contact with questions about my 1099 form?
For any questions regarding the amounts reported on your 1099 form, please reach out to the Paraclete Oil’s Partner Relations team mentioned on your statement.
When are 1099 forms issued?
IRS Form 1099-MISC statements are mailed no later than January 31 each year. If you have not received your copy by February 15, or if you need a duplicate, please contact your Paraclete Oil’s Partner Relations team member.
Who receives a 1099-MISC?
Royalty owners who receive more than $10.00 during the calendar year and working interest owners who receive $600.00 or more annually will be issued an IRS Form 1099-MISC in accordance with federal reporting requirements.
What are Ad Valorem taxes?
Ad Valorem taxes are county-level property taxes assessed on producing mineral interests. In Texas, these taxes apply only once production has commenced and are billed annually. Because mineral rights are classified as real property, taxation is based on the appraised fair market value of the producing interest.
How do I update my mailing address?
All address updates must be submitted in writing and include your signature. For security purposes, address changes cannot be processed over the phone.
Please reach out to your Paraclete Oil’s Partner Relations team member to complete the official address change form and submit it by mail or email.
A current IRS Form W-9 must also be provided when submitting address changes.
How do I transfer my ownership interest into a Trust?
To transfer an interest into a trust, please reach out to your Paraclete Oil’s Partner Relations team member and provide:
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A copy of the Trust Agreement
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A current W-9 for the trust
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A recorded conveyance document transferring the interest into the trust, filed in the applicable county or counties where the property is located
What documentation is required if a Trustee changes?
If there is a change in trustee, please reach out to your Paraclete Oil’s Partner Relations team member and submit:
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A recorded resignation of the prior trustee
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A recorded document appointing the successor trustee
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A current W-9 for the trust
All recorded documents must be filed in the county or counties where the property is located.
What happens if an interest owner passes away?
If an owner passes away and probate proceedings are conducted in the state where the property is located, Paraclete Oil Partners, LLC will require the following:
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Copy of the death certificate
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Certified copy of the Last Will and Testament recorded in the applicable county
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Court order admitting the Will to probate
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Letters Testamentary
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Final court decree outlining distribution of assets
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Recorded conveyance documentation, if applicable
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Updated address information and a current W-9 for the successor owner(s)
Additional documentation may be required depending on the circumstances.
Does Paraclete Oil offer direct deposit?
Yes. Royalty owners may enroll in electronic funds transfer (EFT) or Automated Clearing House (ACH) to receive payments via direct deposit. Please complete the direct deposit authorization form and follow the submission instructions provided.
ASSOCIATION
Paraclete Oil Partners, LLC
970-PARA-OIL | 970-727-2646
info@paracleteoil.com
11001 W 120th Ave, Suite 400
Denver, CO 80021
Paraclete Oil Partners, LLC is an experienced land exploration and production company specializin.
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