Best Oil & Gas Upstream Companies in Calgary, Canada
The 290 best Oil & Gas Upstream companies in Calgary, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Seven Generations Energy.
Ranked: Best Oil & Gas Upstream companies in Calgary
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Seven Generations Energy Natural gas development 64Funding top 30%Market top 33%Talent bottom 49%Global bottom 48% All 5 signals ▾Fundingtop 30% Markettop 33% Talentbottom 49% Globalbottom 48% Newsbottom 36% Funding: Raised $3.7B across 12 rounds · 12 rounds over 18 yrs (0.7/yr) Market: 224 employees (top 27% of Energy) rank vs industry peers · Fliar Intelligence Index 64/100 | $3.7B | 104 mo ago | 224 | 2008 | Marty Proctor CEO & President | — | — |
| 2 | strathconaresources.com Provider of oil & gas production services | $1.3B | 59 mo ago | 447 | 2020 | — | WordPressMySQLPHP+12 | — |
| 3 | Cenovus Provider of natural gas & oil refining, transportation, storage, and marketing services | $1.2B | 52 mo ago | 11 | 2009 | Alexander Pourbaix CEO & President | SitecoreApple iCloud MailTypeScript+24 | 5 job openings |
| 4 | Harvest Operations Provider of online registration for sporting events | $882M | 97 mo ago | 501 | 2002 | Jeff Tooth President and CEO | WordPressMySQLPHP+15 | 1 job opening |
| 5 | Laricina Energy Oil sands exploration and production | $678M | 126 mo ago | 193 | 2005 | Glen C. Schmidt President and CEO | — | — |
| 6 | Gran Tierra Energy Provider of oil & gas exploration and production services | $615M | 84 mo ago | — | 2003 | Gary Guidry CEO | WordPress Block EditorWordPressApple iCloud Mail+25 | — |
| 7 | Crescent Point Energy Producer of oil and gas | $609M | 140 mo ago | 32 | 1994 | — | — | — |
| 8 | TORC Oil & Gas Exploration and Development Company | $557M | 118 mo ago | 106 | 2010 | — | — | — |
| 9 | Canbriam Exploration and production company of natural gas | $526M | 98 mo ago | — | 2007 | Paul Myers CEO | — | — |
| 10 | Tourmaline Oil Oil & gas exploration and production company | $484M | 79 mo ago | 265 | 2008 | Michael Rose Chairman & CEO | PrismicApple iCloud MailMicrosoft 365+14 | — |
| 11 | Velvet Energy Oil & gas exploration and production company | $436M | 102 mo ago | 90 | 2011 | — | — | — |
| 12 | Prairie Storm Energy Publisher and distributor of Christian books, media, and goods | $400M | 136 mo ago | — | 2015 | Hugh Ross Co-Founder & CEO | — | — |
| 13 | Saguaro Resources Exploration and production of unconventionals in Western Canada | $323M | 92 mo ago | 30 | 2012 | Stacy Knull CEO & President | — | — |
| 14 | Eagle Energy Oil and gas production company | $300M | 138 mo ago | 22 | 2010 | Wayne Wisniewski CEO & President | — | — |
| 15 | Pine Cliff Energy Producer of natural gas and oil with a focus on shareholder value | $271M | 95 mo ago | 79 | 2004 | — | WebflowMatomo Tag ManagerMatomo Analytics+12 | — |
| 16 | Osum Oil Sands Bitumen extraction from oil sands | $262M | 167 mo ago | 84 | 2006 | — | — | — |
| 17 | Hammerhead Resources Oil & gas production company | $241M | 93 mo ago | 85 | 2010 | Scott Sobie President & CEO | — | — |
| 18 | Vesta Shale oil exploration and production company | $226M | 107 mo ago | 77 | 2010 | Curtis Cook Founder | — | — |
| 19 | Cequence Energy Exploration and production company | $199M | 83 mo ago | 13 | 2008 | — | — | — |
| 20 | Tangle Creek Energy Exploration and Production company focused on unconventional resources | $187M | — | — | 2010 | Glenn Gradeen CEO & President | — | — |
| 21 | Birchcliff Energy Intermediate oil and natural gas company focused on resource play development | $172M | 170 mo ago | 219 | 2004 | — | DrupalPHPBootstrap+9 | — |
| 22 | Huron resources Corp Manufacturer of rapid milk adulteration testing kits and reagent strips | $163M | 143 mo ago | — | 2013 | Bruce Shultz President and CEO | — | — |
| 23 | Petrus Resources Canadian energy company focused on oil and natural gas development | $158M | 84 mo ago | 17 | 2010 | — | Squarespace CommerceCart FunctionalitySquarespace+16 | — |
| 24 | Endurance Energy Natural gas exploration and production company | $155M | 168 mo ago | — | 2008 | Dennis Lawrence Founder & CEO | — | — |
| 25 | Longshore Resources Oil and gas exploration company focused on high-margin production | $150M | 120 mo ago | 48 | 2015 | Byron Nodwell CEO & President | SilverstripePHPChart.js+12 | — |
| 26 | Black Swan Energy E & P company | $150M | 150 mo ago | 30 | 2010 | — | — | — |
| 27 | Boulder Energy Oil & gas exploration and production company | $143M | 122 mo ago | 13 | 2015 | Martin Cheyne CEO | — | — |
| 28 | Artis Exploration Oil and gas exploration and production company | $139M | 98 mo ago | — | 2015 | Darryl Metcalfe CEO & President | — | — |
| 29 | Aspenleaf Energy Private oil and gas exploration and production company | $129M | 94 mo ago | — | 2013 | Bryan Gould CEO & President | WordPressPleskApple iCloud Mail+21 | — |
| 30 | InPlay Oil Developer of light oil production and development assets 29Funding top 31%Growth top 45%News top 47%Tech bottom 37% All 6 signals ▾Fundingtop 31% Growthtop 45% Newstop 47% Techbottom 37% Marketbottom 33% Globalbottom 29% Funding: Raised $123M across 3 rounds · 3 rounds over 10 yrs (0.3/yr) Growth: 5 acquisition/expansion moves in 24 mo · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 29/100 | $123M | 14 mo ago | 30 | 2012 | — | DrupalPleskPHP+10 | — |
| 31 | Tamarack Valley Energy Developer of oil and gas resources using responsible development practices | $122M | 63 mo ago | 98 | 2002 | Brian Schmidt President and CEO | WebflowApple iCloud MailMicrosoft 365+13 | — |
| 32 | Touchstone Exploration Provider of oil & gas exploration and production services 48Funding top 24%Growth top 38%News top 43%Talent top 45% All 8 signals ▾Fundingtop 24% Growthtop 38% Newstop 43% Talenttop 45% Moattop 48% Marketbottom 40% Globalbottom 36% Techbottom 28% Funding: Raised $121M across 11 rounds · 11 rounds over 15 yrs (0.7/yr) Growth: 7 acquisition/expansion moves in 24 mo · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 48/100 | $121M | 7 mo ago | 98 | 2010 | Paul Baay CEO & President | WordPress Block EditorWordPressMySQL+6 | — |
| 33 | Teine Energy Provider of ethically sourced energy with a focus on maximizing shareholder returns | $105M | 62 mo ago | 133 | 2005 | — | PrismicEmotionReact+8 | — |
| 34 | Canadian Overseas Petroleum Provider of exploration and production services for oil & gas industries | $98M | 29 mo ago | 23 | 2004 | Arthur Millholland CEO & President | — | — |
| 35 | Zenith Energy Oil and gas exploration and production company 74Product top 19%Growth top 28%Innovation top 30%Funding top 33% All 8 signals ▾Producttop 19% Growthtop 28% Innovationtop 30% Fundingtop 33% Techtop 48% Moattop 48% Markettop 50% Globalbottom 36% Product: 3 distinct product lines · Company stage: Public Growth: Web rank 10,000,000 → 5,000,000 YoY · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 74/100 | $84M | 12 mo ago | 207 | 2007 | — | WordPress Block EditorWordPressMySQL+18 | — |
| 36 | Cardinal Energy Canadian oil and natural gas company focused on low-decline oil production 48Funding top 31%News top 38%Tech top 39%Growth top 47% All 6 signals ▾Fundingtop 31% Newstop 38% Techtop 39% Growthtop 47% Marketbottom 47% Globalbottom 25% Funding: Raised $74.1M across 2 rounds · 2 rounds over 6 yrs (0.3/yr) News: 22 BI events in 12 mo (of 164 tracked, 12 types) · +0% YoY rank vs industry peers · Fliar Intelligence Index 48/100 | $74M | 4 mo ago | 152 | 2012 | — | WordPressApple iCloud MailMicrosoft 365+25 | 2 job openings |
| 37 | Certus Oil & Gas Oil and gas exploration and production company | $65M | 58 mo ago | 5 | 2017 | — | — | — |
| 38 | Coelacanth Energy Provider of oil and natural gas exploration and development | $58M | 31 mo ago | 14 | 2022 | — | HubSpot CMS HubTradingViewMatomo Tag Manager+15 | — |
| 39 | Greenfire Resources Provider of oil production services 37Partners top 32%Funding top 37%Tech top 46%Talent bottom 49% All 8 signals ▾Partnerstop 32% Fundingtop 37% Techtop 46% Talentbottom 49% Newsbottom 48% Growthbottom 42% Marketbottom 38% Globalbottom 29% Partners: 0 partnership announcements in 12 mo (4 in 24 mo) Funding: Raised $40.7M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 37/100 | $41M | 7 mo ago | 88 | 2022 | Robert Logan CEO & President | WordPressPleskMySQL+23 | — |
| 40 | Rubellite Energy Provider of clearwater oil exploration and development services | $37M | 39 mo ago | — | 2021 | Susan Rose CEO | WordPressMySQLPHP+11 | — |
| 41 | Razor Energy Provider of energy services and emergency response | $34M | 55 mo ago | 87 | 2010 | — | — | — |
| 42 | B-32 Exploration Oil and gas exploration and production company 10Funding top 41%Talent bottom 45%Global bottom 25%Market bottom 17% All 4 signals ▾Fundingtop 41% Talentbottom 45% Globalbottom 25% Marketbottom 17% Funding: Raised $31.4M across 3 rounds · 3 rounds over 4 yrs (0.8/yr) Talent: 1 named leader on record rank vs industry peers · Fliar Intelligence Index 10/100 | $31M | 16 mo ago | 7 | 2018 | Larry Evans Founder | — | — |
| 43 | Sonoro Energy Oil and gas exploration and production company | $25M | 33 mo ago | 22 | 2000 | Richard Wadsworth Chairman And Ceo | — | — |
| 44 | Condor Energies Oil and gas exploration and production company 37Funding top 42%Tech top 47%News top 48%Talent bottom 49% All 8 signals ▾Fundingtop 42% Techtop 47% Newstop 48% Talentbottom 49% Growthbottom 47% Globalbottom 37% Marketbottom 35% Partnersbottom 32% Funding: Raised $17.7M across 3 rounds · 3 rounds over 4 yrs (0.8/yr) Tech: 23 technologies across 3/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 37/100 | $18M | 5 mo ago | 30 | 2006 | Don Streu CEO & President | WordPressMySQLPHP+19 | — |
| 45 | Helium Evolution Incorporated Provider of exploration and production of natural gas 37Growth top 30%Funding top 37%News top 42%Partners top 47% All 8 signals ▾Growthtop 30% Fundingtop 37% Newstop 42% Partnerstop 47% Talentbottom 48% Techbottom 45% Globalbottom 25% Marketbottom 21% Growth: Fresh capital in last 24 mo Funding: Raised $15.0M across 3 rounds · 3 rounds over 4 yrs (0.8/yr) rank vs industry peers · Fliar Intelligence Index 37/100 | $15M | 9 mo ago | 3 | 2021 | Greg Robb President and CEO | WordPress Block EditorWordPressMySQL+21 | — |
| 46 | Prairie Provident Developer of oil and natural gas properties 35Funding top 42%News top 44%Tech top 45%Growth top 47% All 8 signals ▾Fundingtop 42% Newstop 44% Techtop 45% Growthtop 47% Moattop 48% Talentbottom 49% Marketbottom 36% Globalbottom 29% Funding: Raised $11.8M across 3 rounds · 3 rounds over 8 yrs (0.4/yr) News: 20 BI events in 12 mo (of 172 tracked, 12 types) · -33% YoY rank vs industry peers · Fliar Intelligence Index 35/100 | $12M | 15 mo ago | 63 | 2016 | Tim Granger CEO & President | WordPressMySQLPHP+20 | — |
| 47 | Horizon Petroleum Developer of European natural gas production assets 21Funding top 37%Growth top 45%News top 47%Talent bottom 49% All 6 signals ▾Fundingtop 37% Growthtop 45% Newstop 47% Talentbottom 49% Globalbottom 25% Marketbottom 18% Funding: Raised $11.4M across 9 rounds · 9 rounds over 8 yrs (1.1/yr) Growth: 3 acquisition/expansion moves in 24 mo · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 21/100 | $11M | 1 mo ago | 3 | 2013 | David Winter CEO | — | — |
| 48 | Southern Energy Oil and gas exploration and production company 48Growth top 15%Partners top 23%News top 24%Funding top 49% All 7 signals ▾Growthtop 15% Partnerstop 23% Newstop 24% Fundingtop 49% Techbottom 35% Globalbottom 32% Marketbottom 30% Growth: Fresh capital in last 24 mo Partners: 6 contract events in 12 mo · Named contractor/client in 6 deals rank vs industry peers · Fliar Intelligence Index 48/100 | $9M | 15 mo ago | 14 | 2008 | — | WordPressMySQLPHP+17 | — |
| 49 | Avanti Helium Gas exploration company focused on the extraction of helium 37News top 30%Partners top 30%Funding top 38%Growth top 38% All 7 signals ▾Newstop 30% Partnerstop 30% Fundingtop 38% Growthtop 38% Talentbottom 49% Marketbottom 28% Globalbottom 25% News: 20 BI events in 12 mo (of 84 tracked, 7 types) · +11% YoY Partners: 4 contract events in 12 mo · Named contractor/client in 4 deals rank vs industry peers · Fliar Intelligence Index 37/100 | $5M | 9 mo ago | 7 | 2011 | Chris Bakker CEO | — | — |
| 50 | Wilton Resources Oil and natural gas exploration and production company 24Talent top 41%Funding top 47%News top 47%Market bottom 37% All 5 signals ▾Talenttop 41% Fundingtop 47% Newstop 47% Marketbottom 37% Globalbottom 25% Talent: Analyst team rating 4/5 · 1 named leader on record Funding: Raised $1.1M across 2 rounds · 2 rounds over 3 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 24/100 | $1M | 5 mo ago | — | 2007 | Richard Anderson Chairman & CEO | — | — |
Top 12 Oil & Gas Upstream companies in Calgary
#1
Public · Calgary, Alberta · founded 2012 · 152 employees$74.1Mraised▾
Canadian oil and natural gas company focused on low-decline oil production. It operates in Western Canada, concentrating on extracting and producing oil and natural gas resources. The company maintains a focus on operational efficiency and responsible resource management. It provides regular financial reporting and updates to investors. The company also has a commitment to environmental, social, and governance (ESG) principles, although associated information is currently under review due to recent legislative changes.
- Jan 2026Post IPO$70.1M
- Dec 2020Post IPO$4.1M
#2
Public · Calgary, Alberta · founded 2010 · 98 employees$120.7Mraised▾
Provider of oil & gas exploration and production services
- Oct 2025Post IPO$8.4M
- Aug 2025Post IPO$12.5M
- May 2025Post IPO$20.5M
- Dec 2022Post IPO$13M
#3
Public · Calgary, Alberta · founded 2013 · 3 employees$11.4Mraised▾
Developer of European natural gas production assets. It focuses on responsibly increasing domestic natural gas supplies to enhance energy security. The company utilizes a phased development approach, targeting initial production and cash flow within a specific timeframe. Its strategy centers on acquiring and developing prospective concessions with significant undeveloped gas fields, leveraging existing infrastructure for efficient production and distribution. The goal is to unlock the value of these assets through a strategic and measured development plan.
- May 2026Post IPO$219.4K
- Dec 2025Post IPO$195.9K
- Aug 2025Post IPO$5.4M
- Jan 2025Post IPO$139.1K
#4
Public · Calgary, Alberta · founded 2022 · 88 employees$40.7Mraised▾
Provider of oil production services
- Nov 2025Post IPO$40.7M
#5
Public · Calgary, Alberta · founded 2006 · 30 employees$17.7Mraised▾
Oil and gas exploration and production company
- Dec 2025Post IPO$10M
- Dec 2024Post IPO$5M
- Nov 2022Post IPO$2.8M
#6
Public · Calgary, Alberta · founded 2007 · 207 employees$84.3Mraised▾
Oil and gas exploration and production company
- May 2025Post IPO$3M
- Feb 2025Post IPO$3.6M
- Feb 2024Post IPO$1.6M
- Mar 2021Post IPO$1M
#7
Public · Calgary, Alberta · founded 2012 · 30 employees$123.3Mraised▾
Developer of light oil production and development assets. This company focuses on large oil pools with low recovery factors, low decline rates, and long-life reserves. Its operations utilize horizontal drilling techniques. The company maintains a strong balance sheet to manage commodity price fluctuations and develop its extensive drilling inventory. It is a growth-oriented company.
- Apr 2025Post IPO$59.7M
- Dec 2017Post IPO$10.1M
- Oct 2016Post IPO$53.5M
#8
Public · Calgary, Alberta · founded 2021 · 3 employees$15Mraised▾
Provider of exploration and production of natural gas
- Aug 2025Post IPO$6M
- Mar 2025Post IPO$2.1M
- Jun 2022Post IPO$6.9M
#9
Public · Calgary, Alberta · founded 2011 · 7 employees$5.4Mraised▾
Avanti Helium Corp is a gas exploration company focused on the extraction of helium in Western Canada and the United States. They provide updates on their operational activities and have recently announced private placement financing and a binding midstream agreement for helium production.
- Sep 2025Post IPO$1.1M
- Jan 2025Post IPO$1.1M
- Sep 2024Post IPO$222.3K
- Jul 2024Post IPO$54.2K
#10
Series C · Calgary, Alberta · founded 2018 · 7 employees$31.4Mraised▾
Oil and gas exploration and production company
- Feb 2025Series C$87.4K
- Jun 2022Series C$20.6M
- Jan 2022Series B$10.8M
#11
Public · Calgary, Alberta · founded 2007$1.1Mraised▾
Wilton Resources is an oil and natural gas exploration and production company which acquires & develops hydrocarbon reserves in the Middle East and Africa. Claims to own 70% working interest in non-operated assets located in Alberta.
- Jan 2026Post IPO$284.9K
- Jan 2023Post IPO$770.8K
#12
Public · Calgary, Alberta · founded 2016 · 63 employees$11.8Mraised▾
Developer of oil and natural gas properties. This company is engaged in the exploration and development of oil and natural gas properties. It provides updates on its drilling programs and financial results. The company also holds shareholder meetings and provides investor relations information.
- Feb 2025Post IPO$3.4M
- May 2023Post IPO$3M
- Oct 2018Post IPO$5.5M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Oil & Gas Upstream coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising