Best Oil & Gas Upstream Companies in United States
The 1434 best Oil & Gas Upstream companies in United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Ascent Resources.
When you're sizing up Oil & Gas Upstream companies in the United States by disclosed equity funding and recent momentum, the numbers here are stark. Our directory tracks 1,434 companies carrying $74.4B in total disclosed funding, with Battalion Oil and Northern Oil and Gas each pulling $2.0B at the top of the stack. The combined revenue pool across 138 filers hits $103.9B. ConocoPhillips alone filed $13.5B in revenue, though that's down 7% year-over-year. Eog Resources posted $6.9B, up 22%. Median revenue across filers sits at $154M, with a -3% YoY drift that tells you this isn't a growth story right now, it's a capital-discipline story.
What I find telling is where the real separation happens at the net income line. American International Group reported $3.1B in net income, 80 times the sector median of $39M. Continental Resources came in at $2.1B, 54 times that same median. So the spread between typical and exceptional is enormous. The hot themes circling this sector right now are upstream emissions and fugitive emissions, and as EPA's updated flaring rule signals, regulatory pressure on combustion and venting isn't easing. As shown in 2017 research, emissions management has long been structurally tied to upstream operational economics, and that link is only getting tighter.
Ranked: Best Oil & Gas Upstream companies in United States
| # | Company | Revenue | Disclosed funding | Employees | Founded | Tech stack | Web popularity | Market signals (1y) | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Devon Energy Exploration and Production company | $17.2B FY2025 | $3.8B | 1,900 | 1971 | Apple iCloud MailMediaElement.jsMicrosoft ASP.NET+11 | Top 5M | 36 signals Earnings · M&A · Acquisition | 2 internships |
| 2 | Chord Energy Provider of exploration, development, production, and acquisition services for oil & gas industries 62Market top 29%Fin. health top 34%Moat top 34%Tech top 46% All 9 signals ▾Markettop 29% Fin. healthtop 34% Moattop 34% Techtop 46% Fundingtop 49% Newstop 49% Talentbottom 49% Growthbottom 43% Globalbottom 32% Market: 340 employees (top 22% of Energy) · Revenue ~$4.9B Fin. health: Revenue ~$4.9B (FY2018) · Net margin 6.5% rank vs industry peers · Fliar Intelligence Index 62/100 | $4.9B FY2025 | $2M | 340 340 → 825 (+143%) | 2007 | WordPress Block EditorWordPressMySQL+18 | Top 5M | 9 signals ▼36% Acquisition · Earnings · Capital raise | 1 internship |
| 3 | California Resources Corporation Provider of oil & gas exploration and production services 74Funding top 28%Market top 29%Moat top 31%News top 37% All 9 signals ▾Fundingtop 28% Markettop 29% Moattop 31% Newstop 37% Talenttop 38% Fin. healthtop 43% Techtop 45% Growthtop 46% Globalbottom 32% Funding: Raised $1.6B across 3 rounds · 3 rounds over 10 yrs (0.3/yr) Market: 970 employees (top 12% of Energy) · Revenue ~$3.7B rank vs industry peers · Fliar Intelligence Index 74/100 | $3.7B FY2025 | $1.6B | 970 970 → 1,631 (+68%) | 2014 | DrupalApple iCloud MailMicrosoft 365+31 | Top 5M | 15 signals ▲25% M&A · Earnings · Acquisition | — |
| 4 | Northern Oil and Gas Oil and gas production company 64Funding top 15%Partners top 32%Moat top 37%Market top 43% All 9 signals ▾Fundingtop 15% Partnerstop 32% Moattop 37% Markettop 43% Growthtop 43% Fin. healthtop 44% Newstop 47% Techbottom 44% Globalbottom 32% Funding: Raised $2.0B across 5 rounds · 5 rounds over 11 yrs (0.5/yr) Partners: 2 partnership announcements in 12 mo (4 in 24 mo) rank vs industry peers · Fliar Intelligence Index 64/100 | $2.5B FY2025 | $2.0B | 38 | 2006 | BugHerdApple iCloud MailMicrosoft 365+17 | Top 10M | 17 signals ▼48% Earnings · Acquisition · Announcements | — |
| 5 | Vital Energy Provider of exploring, acquiring, and developing sustainable energy-producing assets and technologies | $2.0B FY2024 | $800M | 326 326 → 383 (+17%) | 2006 | WordPressApple iCloud MailMicrosoft 365+16 | Top 10M | 13 signals ▼32% M&A · Earnings · Acquisition | — |
| 6 | Talos Energy Offshore exploration and production company 50Funding top 26%Market top 33%Moat top 38%Fin. health top 48% All 9 signals ▾Fundingtop 26% Markettop 33% Moattop 38% Fin. healthtop 48% Talentbottom 49% Newsbottom 45% Techbottom 34% Growthbottom 33% Globalbottom 32% Funding: Raised $323M across 1 rounds · 1 rounds over 2 yrs (0.5/yr) Market: 436 employees (top 21% of Energy) · Revenue ~$1.8B rank vs industry peers · Fliar Intelligence Index 50/100 | $1.8B FY2025 | $323M | 436 | 2012 | BugHerdApple iCloud MailQ4+11 | Top 5M | 14 signals ▼72% Announcements · Earnings · Buyback | — |
| 7 | Kosmos Energy Provider of exploration and production services to oil and gas sector | $1.3B FY2025 | $1.1B | 236 236 → 473 (+100%) | 2003 | WordPressPleskApple iCloud Mail+29 | Top 5M | 39 signals Announcements · Earnings · Acquisition | — |
| 8 | ProPetro Holding Provider of oil & natural gas exploration & production services 69Product top 14%Innovation top 20%Funding top 22%Market top 36% All 11 signals ▾Producttop 14% Innovationtop 20% Fundingtop 22% Markettop 36% Newstop 39% Talenttop 43% Fin. healthtop 47% Moattop 48% Techbottom 47% Growthbottom 40% Globalbottom 32% Product: 7 distinct product lines · Company stage: Public Innovation: 7 product lines rank vs industry peers · Fliar Intelligence Index 69/100 | $1.3B FY2025 | $173M | 1,062 | 2005 | WordPressApple iCloud MailMySQL+15 | Top 5M | 18 signals ▼33% Earnings · IPO · Leadership | 8 job openings |
| 9 | Antero Resources Independent oil and gas exploration and production company | $736M FY2012 | $1.6B | 586 586 → 636 (+9%) | 2002 | Apple iCloud MailBootstrapApache HTTP Server+10 | Top 5M | 34 signals ▲127% Earnings · Leadership · Acquisition | 2 awards |
| 10 | Montage Resources Oil & gas exploration and production company | $634M FY2019 | $500M | 236 | 2011 | — | — | — | — |
| 11 | EXCO Resources Exploration and production in onshore North America | $394M FY2018 | $1.2B | 153 | 1997 | WordPressApple iCloud MailMySQL+9 | Top 50M | — | 3 job openings |
| 12 | Infinity Natural Resources Appalachian oil and gas exploration and production with environmental responsibility 67Funding top 19%Product top 19%Innovation top 30%Growth top 31% All 10 signals ▾Fundingtop 19% Producttop 19% Innovationtop 30% Growthtop 31% Fin. healthtop 41% Newstop 42% Techtop 47% Moatbottom 49% Marketbottom 44% Globalbottom 37% Funding: Raised $350M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) Product: 3 distinct product lines · Company stage: Public rank vs industry peers · Fliar Intelligence Index 67/100 | $356M FY2025 | $350M | 34 | 2017 | WordPressMySQLPHP+16 | Top 10M | 15 signals ▲15% Acquisition · Earnings · Buyback | 1 job opening · 1 award |
| 13 | Resolute Energy Oil & natural gas production company | $303M FY2017 | $2.9B | 128 | 2004 | — | — | — | — |
| 14 | Battalion Oil Oil and gas exploration and production company 67Growth top 14%Funding top 23%News top 23%Partners top 39% All 9 signals ▾Growthtop 14% Fundingtop 23% Newstop 23% Partnerstop 39% Techtop 49% Marketbottom 46% Fin. healthbottom 42% Globalbottom 32% Moatbottom 31% Growth: Web rank 50,000,000 → 5,000,000 YoY · 6 acquisition/expansion moves in 24 mo Funding: Raised $2.0B across 4 rounds · 4 rounds over 13 yrs (0.3/yr) rank vs industry peers · Fliar Intelligence Index 67/100 | $194M FY2024 | $2.0B | 63 | 2004 | WordPress Block EditorWordPressMySQL+19 | Top 5M | 20 signals ▲122% Acquisition · Announcements · Earnings | — |
| 15 | Legacy Reserves Provider of oil and gas asset monetization services | $30M FY2019 | $542M | 317 | 2005 | — | — | — | — |
| 16 | Petro Victory Provider of oil & gas exploration and production services | $2M FY2022 | $16M | 13 | 2006 | WordPressMySQLPHP+17 | Top 10M | 7 signals ▼71% Funding · Acquisition · Announcements | — |
| 17 | Houston American Energy Oil and gas exploration and production company 7Partners top 30%News top 47%Funding top 50%Tech bottom 43% All 9 signals ▾Partnerstop 30% Newstop 47% Fundingtop 50% Techbottom 43% Growthbottom 37% Globalbottom 30% Moatbottom 19% Fin. healthbottom 18% Marketbottom 14% Partners: 4 contract events in 12 mo · Named contractor/client in 4 deals News: 4 BI events in 12 mo (of 24 tracked, 9 types) · +0% YoY rank vs industry peers · Fliar Intelligence Index 7/100 | $560K FY2024 | $11M | 2 | 2001 | WordPressMySQLPHP+16 | Top 50M | 4 signals Contracts | — |
| 18 | Petroteq Energy Oil and gas exploration and production company | $291K FY2020 | $81M | 7 | 2012 | — | — | — | — |
| 19 | Trio Petroleum Independent oil and gas exploration, development, and production company focused on strategic, high-growth… | $213K FY2024 | $606K | — | 1983 | WordPressMySQLPHP+18 | Top 50M | 7 signals ▼46% Acquisition · Regulatory · Funding | — |
| 20 | Next Bridge Hydrocarbons Energy company engaged in the acquisition, exploration, exploitation, and development of oil and natural gas… 6News top 47%Funding bottom 48%Tech bottom 42%Growth bottom 38% All 8 signals ▾Newstop 47% Fundingbottom 48% Techbottom 42% Growthbottom 38% Globalbottom 30% Moatbottom 12% Fin. healthbottom 10% Marketbottom 6% News: 2 BI events in 12 mo (of 19 tracked, 5 types) · +100% YoY Funding: Raised $6.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 6/100 | $13K FY2024 | $6M | 3 | 2022 | WebflowjQueryHSTS+8 | Top 50M | — | — |
| 21 | Laredo Oil Developer of enhanced oil recovery methods for mature oil fields | $9K FY2025 | $2M | 10 | 2008 | — | — | — | — |
| 22 | GMT Exploration Company Operator of oil and gas properties, pursuing joint ventures and acquisitions 7Funding top 26%Moat top 45%Tech bottom 36%Global bottom 32% All 7 signals ▾Fundingtop 26% Moattop 45% Techbottom 36% Globalbottom 32% Marketbottom 27% Patentsbottom 25% Innovationbottom 9% Funding: Raised $275M across 8 rounds · 8 rounds over 17 yrs (0.5/yr) Moat: Editorial + unicorn rating 4/10 · IP moat: 3 patents rank vs industry peers · Fliar Intelligence Index 7/100 | — | $275M | 15 | 1991 | WordPressMySQLPHP+14 | Top 10M | — | — |
| 23 | BKV Producer of net-zero natural gas, pursuing carbon-neutral energy solutions. 69Funding top 20%Fin. health top 20%Tech top 31%Market top 40% All 12 signals ▾Fundingtop 20% Fin. healthtop 20% Techtop 31% Markettop 40% Growthtop 40% Partnerstop 40% Newstop 45% Talentbottom 49% Moatbottom 44% Patentsbottom 37% Globalbottom 33% Innovationbottom 28% Funding: Raised $250M across 3 rounds · 3 rounds over 6 yrs (0.5/yr) Fin. health: Revenue ~$377M (FY2025) · Net margin 11.7% rank vs industry peers · Fliar Intelligence Index 69/100 | — | $250M | 158 | 2015 | Craft CMSPHPNode.js+22 | Top 5M | 11 signals ▼35% Earnings · Acquisition · Contracts | — |
| 24 | Sora Fuel Provider of oil & gas exploration and production services | — | $7M | — | 2024 | Craft CMSPHPYii+9 | Top 50M | 5 signals ▲150% Funding · Capital raise | 1 launch · 1 partnership · 1 expansion |
| 25 | Ignis Energy Provider of exploration and production services for oil and gas sector 40Growth top 28%Talent bottom 49%Funding bottom 48%Tech bottom 42% All 7 signals ▾Growthtop 28% Talentbottom 49% Fundingbottom 48% Techbottom 42% Globalbottom 38% Moatbottom 38% Marketbottom 27% Growth: Web rank 50,000,000 → 10,000,000 YoY · Fresh capital in last 24 mo Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 40/100 | — | $48M | — | 2021 | WordPress Block EditorWordPressMySQL+21 | Top 10M | — | 1 partnership |
| 26 | FourPoint Energy Private oil and gas exploration and production company | — | $1.9B | 340 | 2013 | WordPressMySQLPHP+13 | Top 10M | — | — |
| 27 | Infinity Bio Producer and distributor of ethanol and other biofuels | — | $5M | — | 2006 | — | — | — | 1 launch |
| 28 | Ascent Resources Private equity-backed natural gas exploration and production company | — | $4.0B | 398 398 → 432 (+9%) | 2014 | Apple iCloud MailTailwind CSSGoogle Cloud+16 | Top 5M | — | 3 job openings |
| 29 | Double Eagle Energy Holdings Oil and gas exploration and production company 35Funding top 26%Talent top 38%Market bottom 48%Global bottom 32% All 5 signals ▾Fundingtop 26% Talenttop 38% Marketbottom 48% Globalbottom 32% Techbottom 21% Funding: Raised $2.1B across 7 rounds · 7 rounds over 12 yrs (0.6/yr) Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 35/100 | — | $2.1B | 95 | 2009 | — | — | — | — |
| 30 | I-Pulse Mineral, oil and gas production & exploration company | — | $273M | 15 | 2007 | WordPressApple iCloud MailMicrosoft 365+25 | Top 10M | — | — |
| 31 | FireBird Energy Oil and gas production company 32Funding top 36%Growth top 45%Talent bottom 49%Tech bottom 37% All 7 signals ▾Fundingtop 36% Growthtop 45% Talentbottom 49% Techbottom 37% Globalbottom 36% Marketbottom 27% Newsbottom 27% Funding: Raised $500M across 1 rounds · 1 rounds over 3 yrs (0.3/yr) rank vs industry peers · Fliar Intelligence Index 32/100 | — | $500M | 32 | 2019 | DrupalPHPBootstrap+11 | Top 50M | — | — |
| 32 | Venari Offshore exploration and production company 11Funding top 33%Global bottom 37%News bottom 27%Market bottom 22% All 4 signals ▾Fundingtop 33% Globalbottom 37% Newsbottom 27% Marketbottom 22% Funding: Raised $2.6B across 2 rounds · 2 rounds over 14 yrs (0.1/yr) Global: Investors from 2 countries beyond United States rank vs industry peers · Fliar Intelligence Index 11/100 | — | $2.6B | 6 | 2012 | — | — | — | — |
| 33 | Nautilus Poplar Provider of independent oil & gas exploration and production services | — | $3M | — | 2006 | — | — | — | — |
| 34 | Energy XXI Oil and gas asset development and production company 42Funding top 35%Market top 46%News bottom 32%Global bottom 29% All 4 signals ▾Fundingtop 35% Markettop 46% Newsbottom 32% Globalbottom 29% Funding: Raised $1.8B across 3 rounds · 3 rounds over 19 yrs (0.2/yr) Market: 168 employees (top 33% of Energy) rank vs industry peers · Fliar Intelligence Index 42/100 | — | $1.8B | 168 | 2005 | — | — | — | — |
| 35 | Citizen Energy Developer of onshore horizontal oil and gas plays | — | $155M | 82 | 2012 | — | — | — | — |
| 36 | Universal Fuel Technologies Provider of oil & gas exploration and production services | — | $3M | 9 | 2022 | — | — | — | — |
| 37 | Natgasoline Oil and gas exploration and production company | — | $961M | 135 135 → 139 (+3%) | 2018 | WordPressMySQLPHP+19 | Top 50M | — | — |
| 38 | Tall City Exploration II Exploration and Production in the Permian Basin | — | $805M | 12 | 2012 | — | — | — | — |
| 39 | Luxe Energy Exploration and Production of Unconventionals in the US | — | $1.0B | 13 | 2015 | — | — | — | — |
| 40 | Kraken Oil & Gas Private equity-backed oil and gas exploration and production company 35Funding top 36%Growth top 45%Market bottom 42%Tech bottom 40% All 5 signals ▾Fundingtop 36% Growthtop 45% Marketbottom 42% Techbottom 40% Globalbottom 29% Funding: Raised $400M across 1 rounds · 1 rounds over 14 yrs (0.1/yr) rank vs industry peers · Fliar Intelligence Index 35/100 | — | $400M | 110 | 2012 | WordPress Block EditorWordPressMySQL+14 | Top 10M | — | — |
| 41 | LLOG Exploration Deepwater oil and gas exploration and production company focused on sustainability | — | $1.2B | 131 | 1977 | — | — | 13 signals ▲333% M&A · Contracts · Acquisition | — |
| 42 | Northwoods Energy Supplier of high-quality timber products and building materials | — | $852M | 23 | 2018 | — | — | — | — |
| 43 | Northwood Energy Renovator and renewer of oil and gas wells | — | $852M | 21 | 1983 | — | — | — | — |
| 44 | WPX Energy Oil and gas extraction with specialty in fracking | — | $600M | 600 | 2011 | — | — | — | — |
| 45 | White Star Petroleum Domain marketplace facilitating domain name sales and parking services | — | $500M | 171 | 2013 | — | — | — | — |
| 46 | Bonanza Creek Energy Producer of sustainable oil and natural gas | — | $465M | 125 | 1999 | — | — | — | — |
| 47 | MorningStar Partners Oil & gas development and exploration company | — | $645M | 153 | 2012 | — | — | — | — |
| 48 | Caerus Oil and Gas Producer of sustainable, affordable natural gas | — | $735M | 288 | 2009 | WordPressApple iCloud MailMySQL+16 | Top 10M | — | — |
| 49 | American Resource Development Developer of oil and gas properties | — | $650M | 55 | 2015 | — | — | — | — |
| 50 | Panther Energy Company Developer of unconventional and conventional oil and gas reserves | — | $580M | — | 2001 | — | — | — | — |
Top 12 Oil & Gas Upstream companies in United States
#1
Acquired · Houston, Texas · founded 2004 · 63 employees$2Braised▾
Oil and gas exploration and production company
- Mar 2026Post IPO$14.1M
- Oct 2017Conventional Debt$850M
- Jan 2017Post IPO$400M
- 2014Post IPO—
#2
Series F · Denver, Colorado · founded 1991 · 15 employees$274.5Mraised▾
Operator of oil and gas properties, pursuing joint ventures and acquisitions. This company engages in the generation, operation, and development of oil and natural gas properties. Its business strategy includes leveraging technical expertise, generating projects through an experienced team, and pursuing growth through exploration and development drilling. The company maintains financial flexibility through cash flow from properties, returns from sales, and asset-based borrowing.
- Apr 2026Series F$113.6M
- Feb 2024Series E$73.9M
- Mar 2023Series E$73.1M
- May 2016Series D$35M
#3
Public · Midland, Texas · founded 2005 · 1062 employees$172.8Mraised▾
Provider of oil & natural gas exploration & production services
- May 2026Post IPO$600M
- Apr 2022Conventional Debt—
- Apr 2020Angel—
- Feb 2019Conventional Debt$300M
#4
Public · Morgantown, West Virginia · founded 2017 · 34 employees$350Mraised▾
Appalachian oil and gas exploration and production with environmental responsibility. An independent exploration and production company focused on developing unconventional reserves in the Appalachian Basin. Guided by operational standards, a safety-first culture, and core values, the company is committed to the safe and responsible production of energy. They develop assets using enhanced drilling techniques, prioritizing the safety of their people and the protection of the environment. They forge long-term strategic partnerships, seeking value in local collaborations with companies sharing a commitment to environmental protection and safety. Dedicated to responsible energy development, they implement safety and environmental programs, including active water recycling, environmental volunteer engagement, and continual environmental education and best practices.
- Feb 2026Post IPO$350M
#5
Public · Plentywood, Montana · founded 2006 · 38 employees$2Braised▾
In 2022, the company recorded annual revenues of $1.97B and a net profit of $1.32B.
- Jun 2025Post IPO$200M
- Oct 2019Conventional Debt$800M
- Sep 2018Conventional Debt$425M
- Nov 2017Conventional Debt$400M
#6
Public · Denver, Colorado · founded 2015 · 158 employees$250Mraised▾
{}
- May 2025Post IPO$48M
- Oct 2023Series D$150M
- Dec 2020Series C$100M
#7
Series A · Cambridge, Massachusetts · founded 2024$6.6Mraised▾
Provider of oil & gas exploration and production services
- Mar 2026Series A$14.6M
- May 2024Seed$6M
- Feb 2024Seed$625K
#8
Public · Texas City, Texas · founded 2001 · 2 employees$11.2Mraised▾
Oil and gas exploration and production company. This entity engages in the exploration, development, and production of oil and gas reserves. The company's operations involve identifying prospective areas, conducting geological surveys, drilling wells, and extracting hydrocarbons. Production activities include processing and transporting the extracted resources to market. The company's focus is on maximizing the value of its assets through efficient and responsible operations.
- Jul 2025Post IPO$5.4M
- Nov 2024Post IPO$2.5M
- Jun 2017Post IPO$600K
- May 2017Post IPO$910K
#9
Series A · Houston, Texas · founded 2021$48.4Mraised▾
Provider of exploration and production services for oil and gas sector
- Feb 2025Series A$13.6M
- Dec 2022PE$48.4M
#10
Acquired · Tulsa, Oklahoma · founded 2006 · 326 employees$800Mraised▾
Vital Energy is an independent energy company that focuses on exploring, acquiring, and developing sustainable energy-producing assets and technologies. They provide information about their business to stockholders, potential investors, and financial analysts through their Investor Relations website. The company is headquartered in Tulsa, Oklahoma and is committed to energizing human potential.
- Mar 2024Conventional Debt$800M
#11
Funding Raised · El Paso, Texas · founded 2022 · 3 employees$6Mraised▾
Next Bridge Hydrocarbons is an energy company focused on the acquisition, exploration, exploitation, and development of oil and natural gas properties. They recently completed a spin-off from Meta Minerals and have a management team with extensive experience in the industry.
- Aug 2025Conventional Debt$6M
#12
Acquired · Greenwood Village, Colorado · founded 2013 · 340 employees$1.9Braised▾
Private oil and gas exploration and production company. This entity focuses on the acquisition, development, and operation of oil and gas assets. It actively seeks opportunities in various basins, employing a rigorous approach to geoscience and engineering to maximize resource extraction. The company's business model emphasizes technical excellence and business development expertise to build consolidated positions and execute profitable operations. A dedicated management team with extensive industry experience leads the company's efforts.
- Jul 2022Series D$5.7M
- Dec 2017PE$525M
- May 2016Series D$591.4M
- Jul 2015PE$619M
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