Proven barrels. Mineral cash flow. Asia-Pacific growth.
Dover Energy is an independent upstream company built around three complementary platforms: operated U.S. oil production, anchored in the Illinois Basin, oil and gas mineral and royalty interests across seven U.S. basins, and a growth platform in Asia-Pacific.
Oil and gas, developed and run better
The world needs affordable, reliable energy, and oil and gas remain its foundation. Dover invests in the assets that keep that system running, from producing fields to high-potential development and exploration, and builds a portfolio resilient across commodity cycles.
- Experience
- Our management team has worked across the full energy value chain, from exploration and production to midstream, refining and marketing, trading and structured finance, and has a long record of originating and closing proprietary deals.
- Approach
- We invest from established production to selected development and exploration upside, using industry relationships to reach opportunities before they come to market.
- Looking ahead
- We plan to grow all three platforms: adding U.S. production and oil and gas minerals through disciplined acquisitions, and building our Asia-Pacific business around high-potential oil and gas assets.
One playbook, three platforms
We build around proven resources and take targeted exploration risk where our geoscience gives us an edge. The upside comes from better operating, deep technical expertise and decades of experience. Each platform has a distinct job in a portfolio managed for risk-adjusted returns.
Dover Production
Dover-operated U.S. oil, anchored today in the Illinois Basin. Mature fields acquired under-managed and run for steady, low-decline cash flow.
U.S. Production →Dover Minerals
Non-operated oil and gas mineral and royalty interests under active operators. No capital calls, no operating cost, direct exposure to new drilling.
Oil & gas minerals & royalties →Dover Investments
A growth platform across Asia-Pacific, focused on producing and undeveloped onshore and offshore fields and built with host-government resource managers and local participants.
Asia-Pacific →United States
Proven U.S. oil and gas assets, run with operator discipline.
Dover Production is our U.S. working-interest platform for acquiring and operating proven oil and gas assets. Its foundation is the Illinois Basin, where Dover started and where our field team runs more than 250 producing wells. Mature basins reward operators who control costs and work their wellbores, and we apply that same playbook to acquisitions across the United States.
- Producing wells
- 250+
- Current core basin
- Illinois
- Proved reserves
- $82M PV-10
- Wells drilled
- 60
- Acquire rightWe target under-optimized mature fields from owners who have stopped investing in them, priced on existing production rather than hoped-for upside.
- Operate for upliftLow-risk work on assets we already own: workovers, recompletions, development drilling and field-level cost control. Production gains come from execution, not exploration.
- Grow beyond IllinoisBolt-on acquisitions around our Illinois Basin fields, plus proven, under-managed assets in other U.S. basins, sourced through our industry relationships.
- Track recordDover has drilled 60 wells. Two acquisitions grew reserves by roughly 7 million barrels and lifted production substantially.
Oil & gas minerals & royalties across seven U.S. basins
We acquire oil and gas mineral and royalty interests beneath acreage that capable operators are actively developing.
| Basin | Commodity | Asset mix | Why we own it |
|---|---|---|---|
| Illinois Basin | Conventional oil | Oil | Dover-operated. Long-life production we know well. |
| Uinta, UT | Oil | Oil | Waxy-crude oil play with an active development pipeline. |
| DJ Basin, CO | Oil & rich gas | Oil Gas Liquids | Large-operator development and established infrastructure. |
| DJ Basin, WY | Oil | Oil | Lower acquisition cost per acre than the Colorado side. |
| Powder River, WY | Oil | Oil | Stacked oil pay with well-capitalized private operators. |
| SCOOP/STACK, OK | Oil & rich gas | Oil Gas Liquids | Proven multi-zone play with ongoing operator consolidation. |
| Utica, OH | Gas & liquids | Gas Liquids | Harrison and Guernsey Counties. Ohio's 2026 title reform reduces legacy title risk. |
Interests are non-operated. Dover may participate directly in drilling on its own minerals where risk-adjusted returns justify it.
Own oil & gas minerals in one of these basins?We buy directly from oil and gas mineral owners. We will give you a straight valuation and close on clean title without a broker in the middle.
Mineral Rights FAQs
Answers to the questions oil and gas mineral and royalty owners ask us most. If yours isn't here, get in touch and one of our team will talk it through with you.
Why should I sell my interest?
Simply put, more control over your assets. Rather than waiting for small monthly royalty checks that can fluctuate and decline, with a large, lump sum payment, you can use your payment for an immediate need or to reinvest. While Dover is not a tax advisor and doesn't provide tax advice or guidance, there may also be tax advantages. A monthly check is subject to federal income tax, but with lump-sum payment, you may be able to take advantage of capital gains tax rates. In addition, your paperwork and records, as well as estate planning, could be greatly simplified.
Why should I sell to Dover Minerals?
We know there are a lot of companies out there. But at Dover, we do things a little differently. Our local experts are part of your community and will work with you to get you the best deal—in person whenever possible. We have geologists and engineers on staff who take a deep dive into the actual property itself so that you have a solid understanding of what your interest is worth. With strong financial backing, we can help you close and get your funds quickly. We’re proud of the reputation we’ve built and committed to the service that will help us keep it for years to come.
How much will you offer for my interest?
It varies case by case. Our engineers and geologists will look at the operator and the property and verify the royalty on your lease to assure that we get you the best offer.
What are the tax implications of owning or selling mineral rights?
With monthly royalties, you may be subject to federal income tax. By selling, you’re eliminating that long-term tax burden. In addition, you can take advantage of long-term capital gains tax rates depending on how long you’ve had your mineral interests and when you decide to sell. Dover is not a tax advisor, and this general view is not a guarantee of any particular tax treatment.
Why does the amount of my royalty check change from month to month?
Your royalty amount is based on two variables: the market price for oil and gas, and production from wells on your property. As you’re probably aware from the news, the price for oil and gas fluctuates wildly, and your check will reflect any increases or decreases. From a production standpoint, your royalty is based on the amount of oil and gas that is produced. In any reservoir, there is a finite amount of oil and gas that can be produced, so over time, wells will begin to produce less and less. In addition, any mechanical or operational problems with the production equipment could also affect the amount of oil and gas produced, so that will affect your check, too.
What does the future look like for oil and gas prices?
While natural gas and oil prices have been volatile recently, oil and gas prices are hard to predict and can change rapidly, like the stock market. Experts commonly make opposing predictions, so it’s very difficult to forecast.
If the market is so risky, why does Dover want to buy my mineral interest?
As an individual, your revenues are dependent on production and drilling results in a small area, so if production declines or oil and gas market prices fall, your income can dip drastically. As a diversified company, we invest over larger areas and geographies, so while we do assume risk, we have the volume and scale to manage and reduce it. We invest over the long term and buy enough mineral interests to diversify our risks so that we can manage if one of our interest’s value declines.
Does Dover buy producing and nonproducing interests?
Dover will purchase both under the right circumstances.
What if I just want to sell part of my interest?
We can buy all or part of your interest. We’ll meet with you in person to discuss your options and find the best financial solution for you.
What if I’m not ready to sell? Can I wait and request another offer?
Yes, you can. Our offer does not oblige you to sell your interest. However, oil and gas prices could decline, and we can’t guarantee you’ll receive the same offer or that we’ll still be purchasing in your area.
How quickly will I receive my lump-sum payment?
We’re well-funded, so we can close and get your check to you quickly. When possible, we’ll bring your payment to you personally.
Why would I not want to sell?
When you sell your royalties, you won’t receive monthly checks anymore, but you will have a larger, one-time payment. If this seems like too big a decision right now, or you’re just not sure, you can always sell a portion of your mineral or royalty interest. This will help reduce your financial risk and provide you a lump-sum payment, but you’ll still have monthly royalty checks and be aligned with Dover in future income generation.
Asia-Pacific
Bringing U.S. operating discipline and technical depth to Asia-Pacific, as operator or non-operating partner.
Governments across the region want capable independent companies to develop strategic onshore and offshore assets that strengthen national energy security and production. Dover is building a regional growth platform to meet that need with technical depth, local participation and capital we bring ourselves.
A proven upstream company with deep technical expertise and a disciplined approach, committed to the responsible development of the region's petroleum resources.
Producing fields Optimize
Producing assets with upside from workovers, infill drilling and better field management.
Near-field exploration Extend
Targeted exploration close to proven discoveries and existing infrastructure, where our geoscience gives us an edge.
Low-risk exploration Explore
Onshore and offshore prospects in proven plays, including discovered but undeveloped fields, where the geology is well understood and host governments want capable, well-funded companies to move them forward.
Corporate opportunities Acquire
Listed and private producers where our operating and technical approach can unlock value.
- Operator or partner, with local rootsWe take operatorship where we add the most value, or non-operated positions alongside strong operators, and build each venture with local equity participants as host-country rules require.
- Platform capitalFunding is raised at the platform level and deployed into projects, so host governments see a funded company from day one.
- Governance firstWe hold ourselves and our partners to high standards of integrity, transparency and compliance with host-country law.
Operators who have found, developed and run oil and gas assets
Dover is a focused company. The people behind it are not new to this work. Our senior team has spent its careers exploring, permitting, developing, operating and financing assets across the energy value chain.
See the deals and the oil and gas resources behind these numbers.
What a host government gets with Dover
Geoscience, reservoir, land and operations leadership sit inside Dover, supported by specialist contractors where needed.
We structure ventures with local equity partners and build local employment and supplier capability as projects grow.
High standards of integrity and compliance, with transparent reporting to the regulator.
What holds the three platforms together
The same people underwrite every deal in every region, using the same rules.
Proven first, targeted exploration
Producing fields and booked reserves form the base. We add exploration selectively, where our technical team sees a clear edge.
Operate for value
Where we operate, we earn returns through expertise, better field management and the application of technology, not through price bets.
Source off-market
Direct relationships with owners, operators and governments. Auctions cost more twice: in fees and in price.
Manage risk, portfolio-wide
Every investment is judged on risk-adjusted returns. We balance cash flow, royalty income and growth across commodities and regions, with conservative leverage and reserve-based valuations. We would rather pass than overpay.
Operators, geoscientists and dealmakers
A senior team whose careers span Williams, Koch, Glencore, Rothschild, LASMO and Amoco, with hands-on experience from the wellhead to the boardroom.
Founded Dover in 2011. 35+ years of experience across the full energy value chain, leading $13.5 billion across 68 transactions. Harvard MBA; BS Chemical Engineering, Oklahoma State.
Leads deal origination and commercial structuring. Deployed $5.8 billion across 21 transactions in 20 countries, including $3.9 billion of oil-backed financing. Chicago Booth MBA.
Chartered Petroleum Geologist with 45 years at Gulf Oil, LASMO and his own firms. Instrumental in discoveries totaling more than 5 billion barrels.
More than 45 years in land and minerals, from Amoco landman to founder of several minerals companies, with 200,000+ acres acquired.
Lifelong Illinois Basin operator. Runs Dover’s field operations and has managed its St. Louis waterflood since 2006.
CPA with 20 years in upstream reporting, forecasting and controls. Manages reporting for Dover’s $100 million credit facility.
Start a conversation
Email info@doverenergy.com or use the form.
Institutional and qualified investors interested in any of our platforms.
Owners considering a sale of oil and gas mineral or royalty interests in our seven basins.
Resource managers and host-country participants in Asia-Pacific.
Owners of producing U.S. oil and gas assets, or operators seeking a royalty or capital solution.