Texas Royalty Corp was incorporated in Tyler, Texas in June, 1986. Tom R. Schoonover, one of the founding stockholders, purchased 100% control of the corporation in May, 1987. Texas Royalty moved from Tyler, Texas to Austin, Texas in 1995 and remains there today. In 2004, we purchased our current corporate headquarters in Austin's Westlake neighborhood on Loop 360 just north of Bee Cave Road.

 

Texas Royalty is active throughout the State of Texas and regionally in Kansas, Oklahoma, Louisiana and Mississippi, drilling both vertical and horizontal wellbores, capitalizing on new trends and technology in the industry. We partner in 2-D and 3-D seismic shoots that generate high grade drilling opportunities. Our energy and expertise allow us to move forward with leading edge technologies that build on our tradition of success. The Corporation remains nimble and is poised to capitalize on opportunities throughout the oil patch.  

 

At Texas Royalty, we look to outside investors to help fund some of our drilling prospects, and we encourage you to inquire about participation. We also invest in outside-operated oil and gas ventures and always welcome the opportunity to be a part of your next Oil & Gas venture.  

Tom Schoonover is the President and CEO of Texas Royalty Corp. He grew up in Lima, Ohio and graduated high school from Western Reserve Academy in Hudson, Ohio in 1973. Tom has been in the oil business since graduating from Vanderbilt University in 1978 with a B.S. in Engineering Science and a minor in Business Administration.

 

Tom started his career in Tyler, Texas as a Schlumberger Well Service Field Engineer covering the East Texas Basin. After four years there, he worked for Bossart Oil Corp and Pecos Development as an Engineer and in Business Development. In 1986, he co-founded Texas Royalty Corp and, by the end of that year, bought full ownership of the company.

 

Tom is a longstanding member of the Society of Petroleum Engineers (SPE), Texas Independent Producers and Royalty Owners Association (TIPRO), Independent Petroleum Association of America (IPAA), East Texas Geological Society (ETGS), Society of Independent Professional Earth Scientists (SIPES) and Texas Alliance of Energy Producers (TexasAlliance). 

 

He has lived in Austin, Texas since 1995, where he enjoys golf, water sports, weight training, bicycling and hunting and hanging out with his yellow labs. He can often be spotted at Austin music venues or enjoying one of Austin's many great restaurants.

Rachel is the Vice President of Finance for Texas Royalty Corp. She grew up in Post, Texas where her dad works as an oil operator in the surrounding counties. Rachel attended Texas Tech University, where she received a Bachelor of Science in Education in 2005. After graduating, she moved to Austin and began Professional Accountant courses at Austin Community College in order to obtain her CPA. She is currently CPA-eligible and awaiting her exams. 

 

Rachel started her career in 2006 at Lennar Homes, where she worked her way up from Staff Accountant to Senior Accountant to Assistant Controller despite the 2008 real estate market crash. In 2010, Rachel left Lennar to join VPR Operating LLC as a Financial Controller. VPR was a start-up company and she was responsible for complete setup and maintenance of financial systems in addition to handling the intricacies of oil and gas accounting. Rachel’s ability to survive the volatility of both the real estate and the oil and gas industries has served her well in her role at Texas Royalty since she joined us in 2013.

 

Rachel has lived in Austin for the past 8 years where she is learning and loving every second of being a first time mom to her son Oliver Jock, loves cooking with her Kiwi husband Kent, running with her dog Scout, camping, and constantly trying to experience every new restaurant, bar, brewery/winery, and music venue in Austin. And she’s finally learning to accept the trade of Austin’s cedar fever over Post’s wind and dirt.