HighPeak Energy
HighPeak Energy is an independent E&P company that produces crude oil, natural gas, and NGLs from over 140,000 contiguous net acres in the Midland Basin (Howard and Borden Counties, Texas), selling under commodity pricing to refineries, petrochemical firms, and midstream counterparties.
- Company typePublic
- Founded2017
- HeadquartersFort Worth, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What HighPeak Energy does
HighPeak Energy is an independent oil and natural gas company engaged in the acquisition, development, and production of crude oil, natural gas, and natural gas liquids (NGLs) from unconventional reservoirs in the northeastern Midland Basin, primarily in Howard and Borden Counties, Texas. The company operates a contiguous position of over 140,000 net acres with greater than 90% operated, leveraging horizontal drilling and hydraulic fracturing across stacked pay zones to maximize capital and operating efficiencies. It maintains the highest oil cut percentage (>70% oil, >85% liquids) and best operating margins among publicly cited Permian peers, supported by extended-reach horizontal wells and multi-well pad development that reduce surface disturbance and per-unit costs.
The company generates revenue through the direct sale of produced hydrocarbons under commodity pricing arrangements to refineries, petrochemical companies, midstream operators, and marketing counterparties, with revenue inherently tied to WTI crude and Henry Hub natural gas pricing. Pricing is commodity-based and not structured as subscriptions or tiers; the company uses hedging contracts to mitigate volatility. Distribution is domestic (United States), with sales conducted through direct B2B relationships and leveraging the substantial existing midstream infrastructure in the Midland Basin. Operational control rests at its Fort Worth, Texas headquarters and Midland, Texas regional office.
In 2026, HighPeak Energy pivoted from a rapid-production-growth posture to a defensive operating plan under newly appointed CEO Michael Hollis (formerly of Diamondback Energy). The company suspended its dividend to add $20-25 million in annual liquidity, cut its 2026 capital budget nearly in half to $255-285 million, reduced activity to one drilling rig and one frac crew, and guided 2026 production to 41,000-44,000 Boe/d versus 48.3 MBoe/d full-year 2025 averages. Management expects $155-193 million in free cash flow in 2026, with the strategy explicitly prioritizing balance sheet protection and capital returns over volume growth amid a weaker oil price environment.
HighPeak Energy firmographics
Firmographics- Name
- HighPeak Energy
- Legal name
- HighPeak Energy, Inc.
- Website
- https://highpeakenergy.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- HighPeak Energy is an independent E&P company that produces crude oil, natural gas, and NGLs from over 140,000 contiguous net acres in the Midland Basin (Howard and Borden Counties, Texas), selling under commodity pricing to refineries, petrochemical firms, and midstream counterparties.
- Ownership category
- akta.pro rank
HighPeak Energy industry classification
Industry- Product category
- Upstream Oil and Gas Exploration & Production
- NAICS
- Oil and Gas Extraction (2111), Crude Petroleum Extraction (21112), Natural Gas Extraction (211130)
- SIC
- Crude Petroleum & Natural Gas (1311)
- akta.pro primary industry
- Conventional Natural Gas Exploration & Production (Dry Gas) (EUAAAAAA)
- akta.pro secondary industry
- Production Operations & Artificial Lift (Surface Facilities, Compression, Flow Assurance) (EUAAAAAK)
Keywords
Where HighPeak Energy is headquartered
LocationHeadquarters
- HQ city
- Fort Worth
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
HighPeak Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Oil and Natural Gas Sales: HighPeak Energy generates revenue primarily through the sale of crude oil, natural gas, and natural gas liquids (NGLs) produced from its operated properties in the Midland Basin. The company sells its products directly to refineries, midstream companies, and other buyers under commodity pricing arrangements. Revenue is inherently commodity price-sensitive and cyclical, dependent on WTI and Henry Hub pricing.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
HighPeak Energy product offering
Product offeringCore offering
HighPeak Energy is an independent oil and natural gas exploration and production company that acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) from its operated properties in the Midland Basin of West Texas. The company produces and sells these hydrocarbons to refineries, petrochemical companies, and midstream counterparties, with the bulk of production consisting of crude oil and NGLs from stacked-pay, horizontally drilled wells.
Product overview
HighPeak Energy is an independent oil and natural gas company engaged in the acquisition, development, and production of crude oil, natural gas, and NGL reserves from its properties in the Midland Basin, primarily in Howard and Borden Counties, Texas. The company operates over 140,000 net acres with greater than 90% operated, producing crude oil, natural gas, and NGLs.
Differentiator
Problem solved
Functional benefit
Products and services
- Crude Oil Production Crude oil produced from HighPeak's operated horizontal wells across stacked pay zones in the northeastern Midland Basin (Howard and Borden Counties, Texas), generating the highest oil-cut percentage among Permian peers and sold to refineries and other buyers.
- Natural Gas Production Associated natural gas produced alongside crude oil and NGLs from HighPeak's Midland Basin wells, sold to midstream and marketing counterparties and contributing to the company's diversified hydrocarbon portfolio.
- Natural Gas Liquids (NGL) Production Natural gas liquids extracted from HighPeak's produced natural gas stream in the Midland Basin, marketed to midstream processors and contributing to the company's over-85% liquids production mix.
Quantifiable outcome
- 22% reduction in lease operating and workover expenses per BOE in Q1 2026
- +2 more outcomes
Companies that use HighPeak Energy
Customer profileSegments2 records
Ideal customer profiles2 records
HighPeak Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
HighPeak Energy partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- The Environmental PartnershipminorHighPeak Energy participates in The Environmental Partnership, an industry affiliation aimed at promoting best practices and a strong ESG culture among energy companies. The partnership supports the company's sustainability initiatives and environmental stewardship programs.
Scale indicators14 records
Recent moves7 records
Expansion highlights3 records
HighPeak Energy competitors and assessment
Company assessmentDirect peers
- Centennial Resource Development: Permian Basin-focused developer with similar oil-weighted production profile and operational approach to stacked-pay development.
- Permian Resources: Independent Permian-focused E&P operating in the Delaware and Midland Basins, comparable in basin concentration and commodity-driven economics.
- Matador Resources: Independent Permian-focused E&P operating in the Delaware Basin with similar size and oil-weighted production; most directly comparable peer in scale and basin-strategy mix.
- Crescent Energy: Small-to-mid-cap diversified E&P with Permian Basin exposure; similar in scale and capital-discipline orientation, facing the same commodity-cycle dynamics.
- Northern Oil and Gas: Permian-weighted non-operator mineral and royalty company with significant Midland Basin exposure; comparable investment thesis on basin-quality acreage and oil-cut economics.
- Civitas Resources: Mid-cap U.S. E&P with material Permian Basin (Midland) acreage and an emphasis on capital returns and FCF generation; comparable oil-weighted operating model.
- SM Energy: Small-to-mid-cap E&P with significant Permian Midland Basin acreage; similar size, oil-weighted production mix, and focus on operational efficiency.
- Earthstone Energy: Permian-focused small-cap E&P operating primarily in the Midland Basin; closest size and basin-focus comparable to HighPeak Energy.
Broad incumbents
- Diamondback Energy: Large pure-play Permian operator headquartered in the same West Texas region; HighPeak's new CEO was appointed from Diamondback, and both companies target stacked-pay Permian development.
- Devon Energy: Large independent with significant Delaware/Permian Basin exposure and a focus on oil-weighted, free-cash-flow-driven operations, comparable in commodity exposure and operational model.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
HighPeak Energy social profiles
Digital presenceHighPeak Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
HighPeak Energy leadership team
Management profileNumber of profiles
Profiles7 records
HighPeak Energy funding detail
Funding detailFunding overview
Funding rounds4 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HighPeak Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HighPeak Energy
What does HighPeak Energy do?
HighPeak Energy is an independent oil and natural gas exploration and production company that acquires, develops, and produces crude oil, natural gas, and natural gas liquids (NGLs) from its operated properties in the Midland Basin of West Texas. The company produces and sells these hydrocarbons to refineries, petrochemical companies, and midstream counterparties, with the bulk of production consisting of crude oil and NGLs from stacked-pay, horizontally drilled wells.
Is HighPeak Energy a public or private company?
HighPeak Energy is a public company. It is classified as public and is currently operating.
When was HighPeak Energy founded?
HighPeak Energy was founded in 2017. It employs 11 to 50 people.
Where is HighPeak Energy based?
HighPeak Energy is headquartered in Fort Worth, United States, in the North America region.
How does HighPeak Energy make money?
One revenue line is on record: oil and Natural Gas Sales.
Who are HighPeak Energy's main competitors?
Direct peers on record are Centennial Resource Development, Permian Resources, Matador Resources, Crescent Energy, Northern Oil and Gas, Civitas Resources, SM Energy and Earthstone Energy. Broad incumbents are Diamondback Energy and Devon Energy.
Does HighPeak Energy have an API?
No public API is recorded for HighPeak Energy.
What industry is HighPeak Energy in?
HighPeak Energy's product category is Upstream Oil and Gas Exploration & Production. Its primary akta.pro industry code is EUAAAAAA, Conventional Natural Gas Exploration & Production (Dry Gas), with a secondary code of EUAAAAAK, Production Operations & Artificial Lift (Surface Facilities, Compression, Flow Assurance). Its NAICS code is 2111 and its SIC code is 1311.