Radar · Oil & Gas Upstream in Canada
Best Oil & Gas Upstream Companies in Canada
The 494 best Oil & Gas Upstream companies in Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Seven Generations Energy.
By Rohit KhannaTrends & Stories
494companies tracked
$17.8Bdisclosed funding
0unicorns
162have raised
Canada's Oil & Gas Upstream sector has 494 companies in our directory, ranked here by disclosed equity funding and recent funding momentum. Total disclosed capital across the group hits $17.8B, with no unicorns in the mix — this is a capital-intensive patch of mid-market and emerging producers, not a venture-backed sprint.
Touchstone Exploration leads the named names at $121M, followed by Cardinal Energy at $74M and Eco (Atlantic) Oil & Gas at $67M. Azimuth Capital Management, ARC Financial, and CPP Investments are the most active backers, which tells you something about the institutional, long-cycle nature of deals here. Coverage momentum is flat. But the real story this quarter is emissions. Upstream emissions, fugitive releases, venting and combustion are dominating the conversation, with BP, TotalEnergies and Chevron all cutting methane as a core decarbonisation play, and the EPA's updated flaring rule setting a new regulatory benchmark that Canadian producers are watching closely. I'd keep that emissions pressure front of mind as you work through this list — it's shaping where the next funding cycle lands.
Ranked: Best Oil & Gas Upstream companies in Canada
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Tech stack | Market signals (1y) | 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 | 39 signals ▼26% M&A · Acquisition · Earnings | 1 partnership |
| 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 | 92 signals ▲59% M&A · Earnings · Acquisition | 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 | 41 signals ▲17% Announcements · Acquisition · Earnings | — |
| 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 | 14 signals ▼63% Contracts · Earnings · Announcements | — |
| 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 | 6 signals Earnings · Acquisition | — |
| 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 | Africa Energy Canadian oil and gas exploration company focused on South Africa 16Funding top 36%Partners top 45%Growth bottom 47%News bottom 42% All 7 signals ▾Fundingtop 36% Partnerstop 45% Growthbottom 47% Newsbottom 42% Globalbottom 36% Techbottom 35% Marketbottom 20% Funding: Raised $132M across 6 rounds · 6 rounds over 8 yrs (0.8/yr) Partners: 0 partnership announcements in 12 mo (1 in 24 mo) rank vs industry peers · Fliar Intelligence Index 16/100 | $132M | 14 mo ago | 8 | 2010 | — | ProcessWirePHPUIKit+10 | 6 signals ▼76% Earnings · Leadership | — |
| 21 | 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 | 10 signals ▼63% Earnings · M&A · IPO | — |
| 22 | 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 | 17 signals ▼29% Earnings · Acquisition · Buyback | — |
| 23 | 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 | 25 signals ▼22% Earnings · Funding · Acquisition | — |
| 24 | Canadian Overseas Petroleum Provider of exploration and production services for oil & gas industries | $98M | 29 mo ago | 23 | 2004 | Arthur Millholland CEO & President | — | — | — |
| 25 | 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 | — | — |
| 26 | 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 | 22 signals Announcements · Earnings · Funding | 2 job openings |
| 27 | Saturn Oil + Gas Canadian oil and gas producer focused on light oil asset development 50Funding top 31%Tech top 37%News top 38%Growth top 42% All 7 signals ▾Fundingtop 31% Techtop 37% Newstop 38% Growthtop 42% Talentbottom 49% Marketbottom 44% Globalbottom 36% Funding: Raised $72.9M across 9 rounds · 9 rounds over 8 yrs (1.1/yr) Tech: 30 technologies across 5/8 capability areas · Cloud: Azure rank vs industry peers · Fliar Intelligence Index 50/100 | $73M | 25 mo ago | 107 | 2001 | John Jeffrey Chairman & CEO | WordPressPleskApple iCloud Mail+27 | 24 signals Earnings · Buyback · M&A | 2 job openings · 1 expansion |
| 28 | Eco (Atlantic) Oil & Gas Provider of offshore oil and gas exploration and production services 55News top 22%Growth top 25%Funding top 31%Partners top 36% All 8 signals ▾Newstop 22% Growthtop 25% Fundingtop 31% Partnerstop 36% Techtop 48% Moattop 48% Globalbottom 38% Marketbottom 28% News: 24 BI events in 12 mo (of 59 tracked, 10 types) · +700% YoY Growth: Web rank 50,000,000 → 10,000,000 YoY · 1 acquisition/expansion move in 24 mo rank vs industry peers · Fliar Intelligence Index 55/100 | $67M | 4 mo ago | 6 | 2007 | — | WordPressMySQLPHP+19 | 24 signals ▲700% Leadership · Regulatory · Contracts | — |
| 29 | Coelacanth Energy Provider of oil and natural gas exploration and development | $58M | 31 mo ago | 14 | 2022 | — | HubSpot CMS HubTradingViewMatomo Tag Manager+15 | 32 signals ▲167% Earnings · Announcements · Funding | — |
| 30 | 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 | 21 signals ▼62% Announcements · M&A · Funding | — |
| 31 | Rubellite Energy Provider of clearwater oil exploration and development services | $37M | 39 mo ago | — | 2021 | Susan Rose CEO | WordPressMySQLPHP+11 | 3 signals ▼83% Earnings | — |
| 32 | 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 | — | — | — |
| 33 | Sonoro Energy Oil and gas exploration and production company | $25M | 33 mo ago | 22 | 2000 | Richard Wadsworth Chairman And Ceo | — | — | — |
| 34 | Royal Helium Oil and gas exploration and production company | $22M | 30 mo ago | 1 | 2008 | Andrew Davidson President and CEO | — | 5 signals ▼50% Acquisition · Lawsuit · M&A | — |
| 35 | 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 | 12 signals ▼61% Announcements · Earnings · Funding | — |
| 36 | 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 | 10 signals ▲43% Earnings · Contracts · Announcements | — |
| 37 | 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 | 20 signals ▼33% Announcements · Earnings · Funding | — |
| 38 | 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 | — | 12 signals ▼57% Funding · Regulatory · Announcements | — |
| 39 | First Helium Limited information available 45Product top 35%Funding top 38%Tech top 43%Talent bottom 49% All 7 signals ▾Producttop 35% Fundingtop 38% Techtop 43% Talentbottom 49% Growthbottom 42% Newsbottom 30% Globalbottom 25% Product: 0 product launch events in 12 mo · Company stage: Public Funding: Raised $9.2M across 5 rounds · 5 rounds over 5 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 45/100 | $9M | 1 mo ago | — | 2017 | Ed Bereznicki President & CEO | JoomlaPHPBootstrap+25 | — | — |
| 40 | 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 | 34 signals ▲112% Leadership · Contracts · Earnings | — |
| 41 | Shoal Point Energy Operator of urban bistros and bakeries offering breakfast, brunch, and lunch | $8M | 26 mo ago | 3 | 2006 | Mark Jarvis CEO & Director | — | — | — |
| 42 | Permex Petroleum Operator of low-cost oil and gas assets, pursuing sustainable and scale growth | $7M | 19 mo ago | 2 | 2017 | Mehran Ehsan CEO & President | — | — | — |
| 43 | MCF Energy Provider of natural gas exploration services 27Talent top 38%News top 40%Funding top 42%Growth top 47% All 7 signals ▾Talenttop 38% Newstop 40% Fundingtop 42% Growthtop 47% Techbottom 38% Globalbottom 37% Marketbottom 17% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated News: 6 BI events in 12 mo (of 28 tracked, 6 types) · -14% YoY rank vs industry peers · Fliar Intelligence Index 27/100 | $6M | 9 mo ago | 6 | 2022 | Ford Nicholson Co-Founder and Strategic Advisor | QuillUbuntuVue.js+9 | 6 signals Funding | — |
| 44 | 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 | — | 20 signals Funding · Announcements · Contracts | — |
| 45 | Stamper Oil and Gas Oil & gas exploration and production company | $3M | 15 mo ago | 119 | 2017 | — | — | — | — |
| 46 | Trillion Energy Provider of oil & gas exploration and development services | $2M | 13 mo ago | 17 | 2016 | Arthur Halleran CEO | PHPLaravelAmazon Web Services+13 | 7 signals ▼65% Funding · Announcements · Acquisition | — |
| 47 | Pulsar Helium Provider of oil and gas exploration and production services 35Partners top 18%Growth top 36%News top 37%Talent top 43% All 8 signals ▾Partnerstop 18% Growthtop 36% Newstop 37% Talenttop 43% Fundingtop 45% Techbottom 38% Marketbottom 26% Globalbottom 25% Partners: 10 contract events in 12 mo · Named contractor/client in 10 deals Growth: Web rank 10,000,000 → 5,000,000 YoY · 3 acquisition/expansion moves in 24 mo rank vs industry peers · Fliar Intelligence Index 35/100 | $2M | 3 mo ago | 2 | 2022 | Neil Herbert Co-Founder | Q4MediaElement.jsYouTube+15 | 36 signals ▼36% Contracts · Earnings · Funding | 1 expansion |
| 48 | Trans Canada Gold Provider of exploration and production services for oil & gas sector 50Partners top 22%Funding top 40%News top 41%Growth top 42% All 6 signals ▾Partnerstop 22% Fundingtop 40% Newstop 41% Growthtop 42% Talentbottom 39% Globalbottom 25% Partners: 1 partnership announcement in 12 mo (8 in 24 mo) Funding: Raised $2.0M across 4 rounds · 4 rounds over 3 yrs (1.3/yr) rank vs industry peers · Fliar Intelligence Index 50/100 | $2M | 3 mo ago | — | 2006 | Tim Coupland CEO & President | — | 24 signals ▼75% Announcements · Funding · Regulatory | — |
| 49 | Petrolympic Junior mining company focused on gold and lithium exploration and development 37Product top 14%Talent top 15%Innovation top 20%Funding top 43% All 8 signals ▾Producttop 14% Talenttop 15% Innovationtop 20% Fundingtop 43% Techbottom 25% Globalbottom 25% Newsbottom 21% Marketbottom 20% Product: 9 distinct product lines · Company stage: Public Talent: Analyst team rating 5/5 rank vs industry peers · Fliar Intelligence Index 37/100 | $2M | 3 mo ago | 4 | 2006 | — | — | — | — |
| 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 Canada
#1
Public · Toronto, Ontario · founded 2007 · 6 employees$66.6Mraised▾
Public · Toronto, Ontario · founded 2007 · 6 employees
Provider of offshore oil and gas exploration and production services
Fliar Intelligence Index™ 55how this company ranks against its industry peers
News
top 22%Growth
top 25%Funding
top 31%Partners
top 36%Tech
top 48%Moat
top 48%News: 24 BI events in 12 mo (of 59 tracked, 10 types) · +700% YoY · 7 high-value events (IPO/M&A/funding/contracts) in 12 mo
Growth: Web rank 50,000,000 → 10,000,000 YoY · 1 acquisition/expansion move in 24 mo · Fresh capital in last 24 mo
Funding: Raised $66.6M across 7 rounds · 7 rounds over 9 yrs (0.8/yr) · Last round Post IPO (Jan 2026)
Audience (LinkedIn): 12k LinkedIn followers — 2.8% of this cohort's audience
Funding rounds
- Jan 2026Post IPO$10M
- Jun 2022Post IPO$12.3M
- Jun 2021Post IPO$5M
- Apr 2019Post IPO$5M
Investors
Africa Oil Corp, Charlestown Capital Advisors, Westmount Energy, Seacrest Capital Group
Tech stack
Amazon AlbAmazon Web ServicesAws Certificate ManagerCdnjsCloudflareCloudflare Bot Management
#2
Public · Calgary, Alberta · founded 2012 · 152 employees$74.1Mraised▾
Public · Calgary, Alberta · founded 2012 · 152 employees
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.
Fliar Intelligence Index™ 48how this company ranks against its industry peers
Funding
top 31%News
top 38%Tech
top 39%Growth
top 47%Market
bottom 47%Global
bottom 25%Funding: Raised $74.1M across 2 rounds · 2 rounds over 6 yrs (0.3/yr) · Last round Post IPO (Jan 2026)
News: 22 BI events in 12 mo (of 164 tracked, 12 types) · +0% YoY · 4 high-value events (IPO/M&A/funding/contracts) in 12 mo
Tech: 28 technologies across 4/8 capability areas · Cloud: Amazon Ses, Amazon Web Services · Devops: Nginx
Audience (LinkedIn): 7k LinkedIn followers
Hiring (LinkedIn): 2 hiring posts in 12 mo (public) · momentum +2 · hiring: Plant Foreman, Production Lead
Funding rounds
- Jan 2026Post IPO$70.1M
- Dec 2020Post IPO$4.1M
Tech stack
Amazon SesAmazon Web ServicesAnime.JsApple Icloud MailContact Form 7Core-Js
#3
Public · Calgary, Alberta · founded 2010 · 98 employees$120.7Mraised▾
Public · Calgary, Alberta · founded 2010 · 98 employees
Provider of oil & gas exploration and production services
Fliar Intelligence Index™ 48how this company ranks against its industry peers
Funding
top 24%Growth
top 38%News
top 43%Talent
top 45%Moat
top 48%Market
bottom 40%Funding: Raised $121M across 11 rounds · 11 rounds over 15 yrs (0.7/yr) · Last round Post IPO (Oct 2025)
Growth: 7 acquisition/expansion moves in 24 mo · Fresh capital in last 24 mo
News: 25 BI events in 12 mo (of 141 tracked, 10 types) · -22% YoY · 5 high-value events (IPO/M&A/funding/contracts) in 12 mo
Audience (LinkedIn): 13k LinkedIn followers — 3.0% of this cohort's audience
Funding rounds
- Oct 2025Post IPO$8.4M
- Aug 2025Post IPO$12.5M
- May 2025Post IPO$20.5M
- Dec 2022Post IPO$13M
Founders & team
Investors
North Energy, Crown Capital Partners
Tech stack
Google AnalyticsGoogle Font ApiNginxPhpUbuntu
#4
Public · Calgary, Alberta · founded 2013 · 3 employees$11.4Mraised▾
Public · Calgary, Alberta · founded 2013 · 3 employees
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.
Fliar Intelligence Index™ 21how this company ranks against its industry peers
Funding
top 37%Growth
top 45%News
top 47%Talent
bottom 49%Global
bottom 25%Market
bottom 18%Funding: Raised $11.4M across 9 rounds · 9 rounds over 8 yrs (1.1/yr) · Last round Post IPO (May 2026)
Growth: 3 acquisition/expansion moves in 24 mo · Fresh capital in last 24 mo
News: 12 BI events in 12 mo (of 75 tracked, 7 types) · -57% YoY · 7 high-value events (IPO/M&A/funding/contracts) in 12 mo
Funding rounds
- May 2026Post IPO$219.4K
- Dec 2025Post IPO$195.9K
- Aug 2025Post IPO$5.4M
- Jan 2025Post IPO$139.1K
Founders & team
#5
Public · Grande Prairie, Alberta · founded 2017$9.2Mraised▾
Public · Grande Prairie, Alberta · founded 2017
Limited information available
Fliar Intelligence Index™ 45how this company ranks against its industry peers
Product
top 35%Funding
top 38%Tech
top 43%Talent
bottom 49%Growth
bottom 42%News
bottom 30%Product: 0 product launch events in 12 mo · Company stage: Public
Funding: Raised $9.2M across 5 rounds · 5 rounds over 5 yrs (1.0/yr) · Last round Post IPO (Apr 2026)
Tech: 28 technologies across 4/8 capability areas · Cloud: Cloudflare · Observability: Fullstory, Microsoft Clarity
Audience (LinkedIn): 1k LinkedIn followers
Activity (LinkedIn): 3 expansions announced in 12 mo
Funding rounds
- Apr 2026Post IPO$1.5M
- Oct 2024Post IPO$2.6M
- Jan 2024Post IPO$2.5M
- Nov 2022Post IPO$1.8M
Founders & team
Tech stack
AcuityadsAlliAosBootstrapCloudflareCloudflare Bot Management
#6
Public · Calgary, Alberta · founded 2022 · 88 employees$40.7Mraised▾
Public · Calgary, Alberta · founded 2022 · 88 employees
Provider of oil production services
Fliar Intelligence Index™ 37how this company ranks against its industry peers
Partners
top 32%Funding
top 37%Tech
top 46%Talent
bottom 49%News
bottom 48%Growth
bottom 42%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) · Last round Post IPO (Nov 2025)
Tech: 26 technologies across 3/8 capability areas · Devops: Nginx · Security: Recaptcha
Audience (LinkedIn): 6k LinkedIn followers
Activity (LinkedIn): 1 product launches announced in 12 mo
Funding rounds
- Nov 2025Post IPO$40.7M
Founders & team
Investors
Waterous Energy Fund
#7
Public · Calgary, Alberta · founded 2006 · 30 employees$17.7Mraised▾
Public · Calgary, Alberta · founded 2006 · 30 employees
Oil and gas exploration and production company
Fliar Intelligence Index™ 37how this company ranks against its industry peers
Funding
top 42%Tech
top 47%News
top 48%Talent
bottom 49%Growth
bottom 47%Global
bottom 37%Funding: Raised $17.7M across 3 rounds · 3 rounds over 4 yrs (0.8/yr) · Last round Post IPO (Dec 2025)
Tech: 23 technologies across 3/8 capability areas · Cloud: Cloudflare · Security: Cloudflare Bot Management, Cloudflare Turnstile
News: 12 BI events in 12 mo (of 57 tracked, 8 types) · -61% YoY · 3 high-value events (IPO/M&A/funding/contracts) in 12 mo
Funding rounds
- Dec 2025Post IPO$10M
- Dec 2024Post IPO$5M
- Nov 2022Post IPO$2.8M
Founders & team
Investors
EurAsia Resource Value, Eurasian Resources
Tech stack
Anime.JsCloudflareCloudflare Bot ManagementCloudflare TurnstileContact Form 7Core-Js
#8
Public · Calgary, Alberta · founded 2007 · 207 employees$84.3Mraised▾
Public · Calgary, Alberta · founded 2007 · 207 employees
Oil and gas exploration and production company
Fliar Intelligence Index™ 74how this company ranks against its industry peers
Product
top 19%Growth
top 28%Innovation
top 30%Funding
top 33%Tech
top 48%Moat
top 48%Product: 3 distinct product lines · Company stage: Public
Growth: Web rank 10,000,000 → 5,000,000 YoY · Fresh capital in last 24 mo
Innovation: 3 product lines
Funding rounds
- May 2025Post IPO$3M
- Feb 2025Post IPO$3.6M
- Feb 2024Post IPO$1.6M
- Mar 2021Post IPO$1M
Investors
Gunsynd, Winance
Tech stack
Amazon Web ServicesAws Certificate ManagerCdnjsCloudflareCloudflare Bot ManagementGoogle Analytics
#9
Public · Vancouver, British Columbia · founded 2010 · 8 employees$132.2Mraised▾
Public · Vancouver, British Columbia · founded 2010 · 8 employees
Canadian oil and gas exploration company focused on South Africa. This company is engaged in the exploration and development of oil and gas resources. It undertakes geological surveys, seismic studies, and drilling operations to identify and assess potential reserves. The company's activities involve securing exploration licenses, conducting environmental impact assessments, and managing the technical aspects of exploration projects. The company is publicly listed on multiple stock exchanges.
Fliar Intelligence Index™ 16how this company ranks against its industry peers
Funding
top 36%Partners
top 45%Growth
bottom 47%News
bottom 42%Global
bottom 36%Tech
bottom 35%Funding: Raised $132M across 6 rounds · 6 rounds over 8 yrs (0.8/yr) · Last round Post IPO (Mar 2025)
Partners: 0 partnership announcements in 12 mo (1 in 24 mo)
Growth: Fresh capital in last 24 mo
Funding rounds
- Mar 2025Post IPO$7.8M
- Jan 2025Post IPO$8.3M
- Nov 2020Post IPO—
- Sep 2020Post IPO$28M
Investors
Africa Oil Corp, Impact Oil & Gas, HCI
Tech stack
CdnjsCloudflareFancyboxFont AwesomeGoogle AnalyticsGoogle Font Api
#10
Public · Calgary, Alberta · founded 2012 · 30 employees$123.3Mraised▾
Public · Calgary, Alberta · founded 2012 · 30 employees
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.
Fliar Intelligence Index™ 29how this company ranks against its industry peers
Funding
top 31%Growth
top 45%News
top 47%Tech
bottom 37%Market
bottom 33%Global
bottom 29%Funding: Raised $123M across 3 rounds · 3 rounds over 10 yrs (0.3/yr) · Last round Post IPO (Apr 2025)
Growth: 5 acquisition/expansion moves in 24 mo · Fresh capital in last 24 mo
News: 10 BI events in 12 mo (of 103 tracked, 8 types) · -63% YoY · 5 high-value events (IPO/M&A/funding/contracts) in 12 mo
Funding rounds
- Apr 2025Post IPO$59.7M
- Dec 2017Post IPO$10.1M
- Oct 2016Post IPO$53.5M
Investors
Sprott Asset Management
Tech stack
DrupalFont AwesomeGoogle AnalyticsGoogle Font ApiHstsJquery
#11
Public · White Rock, British Columbia · founded 2022 · 2 employees$2.2Mraised▾
Public · White Rock, British Columbia · founded 2022 · 2 employees
Provider of oil and gas exploration and production services
Fliar Intelligence Index™ 35how this company ranks against its industry peers
Partners
top 18%Growth
top 36%News
top 37%Talent
top 43%Funding
top 45%Tech
bottom 38%Partners: 10 contract events in 12 mo · Named contractor/client in 10 deals
Growth: Web rank 10,000,000 → 5,000,000 YoY · 3 acquisition/expansion moves in 24 mo · Fresh capital in last 24 mo
News: 36 BI events in 12 mo (of 108 tracked, 12 types) · -36% YoY · 19 high-value events (IPO/M&A/funding/contracts) in 12 mo
Audience (LinkedIn): 3k LinkedIn followers
Activity (LinkedIn): 1 expansions announced in 12 mo
Funding rounds
- Feb 2026Post IPO$10M
- Aug 2025Post IPO$4.6M
- Mar 2025Post IPO$427.5K
- Jan 2025Post IPO$2.1M
Founders & team
Investors
ABCapital, University Bank
Tech stack
CloudflareFancyboxGoogle Font ApiHstsJqueryJquery Ui
#12
Public · Toronto, Ontario · founded 2006 · 4 employees$1.9Mraised▾
Public · Toronto, Ontario · founded 2006 · 4 employees
Junior mining company focused on gold and lithium exploration and development. It acquires strategic land positions and conducts exploration programs to advance its gold and lithium projects. The company aims to deliver returns to shareholders by concentrating on properties with high potential for gold and lithium deposits. Its exploration efforts are primarily focused on advancing its gold and lithium projects. A secondary focus involves advancing conventional natural gas and light oil projects.
Fliar Intelligence Index™ 37how this company ranks against its industry peers
Product
top 14%Talent
top 15%Innovation
top 20%Funding
top 43%Tech
bottom 25%Global
bottom 25%Product: 9 distinct product lines · Company stage: Public
Talent: Analyst team rating 5/5
Innovation: 9 product lines
Funding rounds
- Feb 2026Post IPO$304.5K
- Mar 2025Post IPO$103.7K
- Dec 2023Post IPO$200K
- Nov 2022Post IPO$647K
Tech stack
Cart FunctionalitySquarespace CommerceSquarespaceStimulusPriority HintsGoogle Font Api
Funding & investor landscape
$17.8Btotal disclosed funding
164companies funded
468disclosed rounds
2rounds last 90 days
Most active investors
Notable founders
Paul Baay
CEO & President · Touchstone Exploration
David Winter
CEO · Horizon Petroleum
Ed Bereznicki
President & CEO · First Helium
Robert Logan
CEO & President · Greenfire Resources
Don Streu
CEO & President · Condor Energies
Neil Herbert
Co-Founder · Pulsar Helium
Thomas James
Co-Founder & CEO · Pulsar Helium
Greg Robb
President and CEO · Helium Evolution Incorporated
Tim Coupland
CEO & President · Trans Canada Gold
Chris Bakker
CEO · Avanti Helium
Larry Evans
Founder · B-32 Exploration
Ford Nicholson
Co-Founder and Strategic Advisor · MCF Energy
Prism market signals · Canada · country-scoped Prism corpus, 8,268,363 docs
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
Common questions
How many Oil & Gas Upstream companies are there in Canada?
Radar tracks 494 indexable Oil & Gas Upstream companies headquartered in Canada that meet our profile-completeness bar.
What is the total funding raised by Oil & Gas Upstream companies in Canada?
The Oil & Gas Upstream companies in Canada on this list have raised a combined $17.8B in disclosed equity funding across 164 funded companies.
Which is the highest-funded Oil & Gas Upstream company in Canada?
Seven Generations Energy is the highest-funded Oil & Gas Upstream company in Canada, with $3.7B in disclosed equity funding.
How many Oil & Gas Upstream companies in Canada are funded?
164 of the 494 Oil & Gas Upstream companies in Canada on this list have disclosed at least one equity funding round.
How many Oil & Gas Upstream unicorns are there in Canada?
None of the Oil & Gas Upstream companies in Canada on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Canada Oil & Gas Upstream companies?
The most active investors in Canada Oil & Gas Upstream companies on this list include Azimuth Capital Management, ARC Financial, CPP Investments, Warburg Pincus, AIMCo.
Rohit KhannaTrends & Stories
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.