What is NOWI
What is NOWI?
Understanding Non-Operated Working Interests
All investments involve substantial risk, including possible loss of principal. Distributions are not guaranteed and depend on asset performance and commodity prices.
The Structure
Ownership Without Operational Responsibility
A Non-Operated Working Interest represents direct ownership in an oil and gas well or producing unit. While the owner shares proportionately in production revenue and operating expenses, the day-to-day drilling, production, and field operations are managed by an experienced operator.
TexRock acquires these interests on behalf of the fund, allowing investors to participate in producing assets without sourcing opportunities, evaluating operators, or managing operations.
Direct Ownership
Experienced Operators
Proportional Participation
Professionally Managed
How It Works
A Simple Investment Structure
The process is designed to provide investors with exposure to producing energy assets through a professionally managed fund.
01
Step
TexRock Sources Opportunities
Our team identifies Non-Operated Working Interest opportunities through longstanding industry relationships and disciplined evaluation.
02
Step
Fund Acquires Interests
TexRock acquires ownership interests in producing and development-stage assets operated by experienced third parties.
Operators Manage Production
Operators remain responsible for drilling, production, maintenance, and field operations.
03
Step
Investors Participate
Limited Partners participate in distributions generated from net production revenue according to the fund structure.
04
Step
01
Step
TexRock Sources Opportunities
Our team identifies Non-Operated Working Interest opportunities through longstanding industry relationships and disciplined evaluation.
02
Step
Fund Acquires Interests
TexRock acquires ownership interests in producing and development-stage assets operated by experienced third parties.
03
Step
Operators Manage Production
Operators remain responsible for drilling, production, maintenance, and field operations.
04
Step
Investors Participate
Limited Partners participate in distributions generated from net production revenue according to the fund structure.
What You Receive
Designed Around Potential Recurring Distributions & Long-Term Value
Quarterly Distributions
Commodity Price Exposure
Tax Advantages
Professional Oversight
Frequently Asked Questions
Common Questions About NOWIs
A Non-Operated Working Interest owner shares in the economics of an asset but is not responsible for operating the well or managing field activities.
Operations are managed by experienced third-party operators with established track records in producing oil and gas assets.
No. TexRock is a finance and investment management company that acquires and manages Non-Operated Working Interests on behalf of its investors.
Non-Operated Working Interests provide exposure to producing energy assets while allowing investors to benefit from professional management and diversified portfolio construction.
Ready To Take The Next Step?
Explore the TexRock Investment Process
If you’re interested in learning more about TexRock Fund I, our investment strategy, or the investor onboarding process, we’d welcome the opportunity to speak with you.