White River

What White River does

White River Energy Corp (OTC Markets: WTRV) is a Fayetteville, Arkansas-based, vertically integrated energy company focused on oil and gas exploration, production, and drilling on over 34,000 cumulative acres of mineral leases in Louisiana and Mississippi. The company targets underinvested mature oilfields — a positioning intended to mitigate dry hole risk — and is led by Chairman & CEO Randy May (also Chairman of Ecoark Holdings) and Chairman & CFO Jay Puchir (President and CEO of Banner Midstream Corp), reflecting a closely related set of predecessor entities including Mount Tam Technologies (2011), Banner Midstream, and Fortium Holdings (2021). The company was rebranded from Fortium Holdings to White River Energy Corp in September 2022 and uplisted to OTCQB in November 2022.

The company operates three divisions: (1) core upstream E&P (White River Energy); (2) White River Green LLC, a decarbonization subsidiary offering Decarbonization as a Service (DaaS) in partnership with Truuli Environmental, targeting carbon neutral and carbon negative status for its own operations and for external clients; and (3) White River Private Capital Management, launched October 2023, which structures privately funded upstream oil & gas investment tax optimization vehicles for high-net-worth investors and corporations. Revenue mechanics span oil & gas production, private fund management fees, and DaaS professional services, though no revenue figures are publicly disclosed.

The business carries material regulatory and governance headwinds: U.S. Senator Ron Wyden has urged the SEC to take action over alleged fraudulent tribal tax credit sales described as under federal criminal investigation, and the company has failed to file a 10-K since 2023 and quarterly reports for nearly two years. White River Operating LLC also settled a $6,000 Louisiana DEQ solid waste violation matter. Capital structure includes ~$25.7 million raised across a 2022 Regulation D offering ($3.6M sold; Centrecourt Asset Management) and a 2024 SEC offering of $22.1M tied to a pending merger transaction, against an OTC Markets stock price of $0.001/share.

Name

White River

Legal name

White River Energy Corp

Website

https://white-river.com

Company type

Public

Founded year

2022

Operating status

Operating

Headcount range

101–250 employees

Short description

White River Energy Corp (OTC: WTRV) is a Fayetteville, Arkansas-based vertically integrated oil and gas company exploring and developing mature fields across 34,000+ acres in Louisiana and Mississippi, with decarbonization (White River Green LLC) and private capital management subsidiaries serving high-net-worth investors and carbon-intensive industries.

Ownership category

akta.pro rank

Headquarters

HQ city

Fayetteville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Oil and Gas Production Revenue: Revenue generated from oil and gas exploration, production, and drilling operations on over 34,000 cumulative acres of oil and gas mineral leases in Louisiana and Mississippi
2. Investment Tax Optimization Vehicles: White River structures and manages privately funded upstream oil & gas investment tax optimization vehicles for investors seeking tax benefits from oil and gas investments
3. Decarbonization Services: Through subsidiary White River Green LLC, the company provides decarbonization as a service (DaaS) to help other companies achieve carbon neutral and carbon negative status

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

White River Energy Corp is a vertically integrated energy company engaged in oil and gas exploration, production, and drilling operations on over 34,000 cumulative acres of mineral leases in Louisiana and Mississippi. Through its White River Green LLC subsidiary, it also provides Decarbonization as a Service (DaaS), and via White River Private Capital Management, it structures privately funded upstream oil & gas investment tax optimization vehicles for investors.

Product overview

White River Energy Corp operates as a vertically integrated energy company consisting of three main divisions: (1) White River Energy Corp as the core oil and gas exploration, production, and drilling business on 34,000+ acres in Louisiana and Mississippi; (2) White River Green LLC as the decarbonization subsidiary offering Decarbonization as a Service (DaaS); and (3) White River Private Capital Management as the private capital management arm for upstream oil & gas investment tax optimization vehicles.

Differentiator

Problem solved

Functional benefit

Brands

• White River Green LLC: Subsidiary focused on clean energy and decarbonization, committed to taking White River Energy first to carbon neutral status and then to carbon negative status.
• White River Private Capital Management

Products and services

• White River Energy Corp Oil & Gas Operations Vertically integrated oil and gas exploration, production, and drilling operations on over 34,000 cumulative acres of mineral leases in Louisiana and Mississippi, targeting mature oilfields to mitigate dry hole risk.
• White River Green LLC - Decarbonization as a Service (DaaS) Decarbonization as a Service offering that helps companies in carbon-intensive industries achieve carbon neutral and carbon negative status through carbon capture, carbon credits, and carbon trading, provided through the White River Green LLC subsidiary in partnership with Truuli Environmental.
• White River Private Capital Management - Upstream Oil & Gas Investment Vehicles Private capital management division that structures and manages privately funded upstream oil and gas investment tax optimization vehicles for high-net-worth investors and corporations seeking tax-efficient exposure to underinvested mature oilfield opportunities.

Named customers1 record

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core and minor.

• Truuli EnvironmentalcoreStrategic or Co-development Partner · 29 November 2023White River Green LLC (subsidiary of White River Energy Corp) has partnered with Truuli Environmental to commence a decarbonization effort with plans to take the traditional energy division (White River Energy) first to carbon neutral status and then to carbon negative status. This partnership informs WRG's Decarbonization as a Service (DaaS) offerings.
• Ault Energy (BitNile Holdings subsidiary)minorStrategic or Co-development Partner · 6 December 2022Joint drilling project in Holmes County, Mississippi where White River Energy and Ault Energy successfully completed drilling operations together. The partnership represents a strategic collaboration in oil and gas exploration activities.

Scale indicators3 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• SilverBow Resources: U.S. small-cap E&P operating across the Gulf Coast and Texas, with a similar M&A-driven playbook on mature conventional assets - comparable to White River's mineral-lease strategy in the Gulf region.
• Penn Virginia: Small-cap, pure-play U.S. shale operator with a single-basin focus; overlaps with White River on stage, capital-markets footprint, and onshore U.S. upstream activity.
• Mach Natural Resources: Recently public, small-cap U.S. E&P focused on upstream oil and gas in the Anadarko Basin; comparable stage and onshore U.S. conventional/mature-asset profile to White River.
• Kimbell Royalty Partners: Royalty and mineral rights company with a diversified footprint across U.S. onshore basins; shares the same low-overhead, acreage-driven exposure to upstream oil and gas as White River.
• Black Stone Minerals: One of the largest U.S. mineral and royalty owners, with significant positions in mature basins like the Permian and East Texas/North Louisiana - directly comparable to White River's Louisiana/Mississippi focus.
• Crescent Energy: Small-cap U.S. E&P that combines acquisition and active development of conventional and unconventional assets, with a focus on cash returns - peers White River on size, scale, and onshore U.S. operations.
• Vital Energy: Small-cap U.S. E&P operator in the Permian Basin with a focus on disciplined, cash-flow-accretive development; comparable in scale and operational profile to White River's vertically integrated onshore operations.
• Diversified Energy Company: Production-focused upstream operator specializing in the acquisition and management of mature, producing oil and gas properties - an aligned strategy with White River's mature-oilfield thesis.
• Sitio Royalties: U.S. mineral and royalty company focused on non-operated upstream oil and gas acreage; comparable to White River's mineral-lease-heavy, multi-state acreage model in the U.S. onshore.

Others

• Truuli Environmental: Decarbonization partner to White River Green LLC; comparable not as a direct competitor but as the carbon-services counterparty that defines White River's DaaS value proposition.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about White River