What Wedgemount Resources does

Wedgemount Resources Corp. is a Vancouver-headquartered, publicly listed junior oil and gas company (CSE:WDGY, OTCQB:WDGRF, FSE:8H5) that acquires under-optimized and distressed oil and gas assets in the Permian Basin's Eastern Shelf in west central Texas, then applies proprietary chemical treatments (sourced from Valkyrie Specialty Corp.) and low-cost workover programs to materially boost production from the neglected wellbores. The company operates through wholly-owned subsidiary Wedgemount Texas Corp., holding 131 vertical production wells and 14 injectors across roughly 22,000 acres in Runnels, Taylor and Coleman Counties, with an estimated 300–500+ additional drilling locations on existing leases.

The core revenue model is commodity oil and gas sales (42° API light oil, condensate, natural gas) to local third-party purchasers and marketers at WTI-based pricing, supplemented by an NRI-assignment capital tool introduced in April 2026 that sells a capped percentage of future net revenues for upfront non-dilutive funding. The company reports production gains of 5x+ per well after chemical treatments and a 62% production increase in three weeks (203 BOEPD as of June 2026). In June 2026, Wedgemount expanded its strategic scope by establishing a Critical Minerals Division focused on uranium and REE exploration in Arizona via an option agreement with Myriad Uranium Corp. (up to 75% interest in the Breccia Pipe Project covering 23 uranium targets across 5,600 acres), positioning the company as a diversified small-cap energy and minerals operator.

Name

Wedgemount Resources

Legal name

Wedgemount Resources Corp.

Website

https://wedgemountresources.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Wedgemount Resources is a junior oil and gas company that acquires distressed Permian Basin wells in west central Texas, applies proprietary chemical treatments and workovers to restore and boost production, and sells resulting crude and natural gas at WTI-based pricing to third-party purchasers.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Production

NAICS

Crude Petroleum Extraction (21112), Oil and Gas Extraction (2111)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Pressure Pumping & Stimulation (Hydraulic Fracturing, Acidizing) (EUALABAF)

akta.pro secondary industry

Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)

Keywords

• Oil and gas production
• Well workover services
• Well stimulation treatments
• Oilfield asset acquisition
• Critical minerals exploration

Headquarters

HQ city

Garibaldi

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Oil and Gas Production Sales: Revenue generated from the sale of produced light oil (42° API), condensate, and natural gas to local purchasers, marketers and transportation providers. Pricing is WTI-based. The company focuses on optimizing production from existing wells and developing new drilling locations.
2. Net Revenue Interest Assignment: Company assigns NRI in assets to third parties for upfront proceeds, retaining operational control while paying assignees a percentage of net revenues until return of capital thresholds are met.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Wedgemount Resources is a junior oil and gas company that acquires under-optimized and distressed oil and gas assets in the Eastern Shelf of the Permian Basin in west central Texas, then applies proprietary chemical well-stimulation treatments and low-cost workover programs to boost production before selling produced light oil (42° API), condensate and natural gas to third-party purchasers, marketers and transportation providers. The company also operates a Critical Minerals Division exploring uranium and rare earth element breccia pipe targets in Arizona.

Product overview

Wedgemount Resources is a junior oil and gas company that operates a single unified product/service offering focused on the acquisition, development, and optimization of under-optimized oil and gas assets in the Permian Basin of west central Texas. The company uses proprietary chemical treatments (provided by Valkyrie Specialty Corp.) and well workovers to substantially boost reserves and production from neglected wells. In June 2026, Wedgemount established a Critical Minerals Division (CM Division) to expand into uranium and REE exploration via an option agreement on the Breccia Pipe Project in Arizona, positioning the company as a diversified energy provider.

Differentiator

Problem solved

Functional benefit

Brands

• Wedgemount CM Division: Critical Minerals Division established in June 2026 focused on uranium and REE exploration targets in Arizona, including the Breccia Pipe Project with 23 breccia pipe-hosted uranium targets.

Products and services

• Permian Basin Oil and Gas Production Operations Acquisition, development and optimization of under-optimized and distressed oil and gas assets in the Eastern Shelf of the Permian Basin in Runnels, Taylor and Coleman Counties, Texas. Wedgemount applies proprietary chemical treatments and low-cost workover programs to 131 vertical production wells and 14 injectors across 22,000 acres to produce 42° API light oil, condensate and natural gas, which it sells to third-party purchasers, marketers and transportation providers at WTI-based pricing.
• Wedgemount CM Division (Critical Minerals Exploration)

Quantifiable outcome

• Over 7x organic production growth in treated wells since acquisition
• +4 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Myriad Uranium Corp.coreStrategic or Co-development Partner · 8 June 20263-year option agreement for Wedgemount to acquire up to 75% of the Breccia Pipe Project in Arizona, containing 23 breccia pipe-hosted uranium targets and potential REEs. Wedgemount to pay USD$75,000 cash, issue shares, and incur Cdn$4,000,000 in exploration expenditures. Myriad retains right to earn back 25% interest to establish 50/50 joint venture.
• Machai Capital Inc.minorGTM or Marketing Partner · 7 April 2026Three-month marketing, advertising, and public awareness engagement commencing April 7, 2026. Services include multi-platform digital campaigns, social media amplification, targeted investor communications, SEO, SEM, lead generation, email marketing, and brand marketing. Payment of C$300,000 plus GST plus 900,000 stock options at $0.07 per share.
• Valkyrie Specialty Corp. (VSC)coreTechnology or Integration · 9 October 2024San Antonio-based upstream oil and gas chemical solutions provider supplying Wedgemount's well-stimulation treatment. VSC's eco-friendly, multi-modal treatment is 100% non-toxic and non-caustic, combining antimicrobial, corrosion inhibitor, cationic surfactant, emulsifier and cleaner properties that maximize reservoir volume stimulation.
• Outside the Box Capital Inc.minorGTM or Marketing Partner · 3 September 2024Marketing services agreement from September 3, 2024 through January 3, 2025 at a cost of $75,000. Services include planning content creation and assisting in enhancing awareness of the Company.
• Proactive Investors North America Inc.minorGTM or Marketing Partner · 21 August 2024Marketing engagement from August 21, 2024 to August 20, 2025 at a cost of $45,000. Services to assist the Company in enhancing its online presence with the global investment community.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Ring Energy: Ring Energy is a small-cap Permian Basin-focused oil and gas producer operating in the Central Basin Platform and Northwest Shelf. Comparable to Wedgemount in its pure-play Permian exposure, conventional asset focus, and junior operator profile, though operating at materially higher production scale.
• Mach Natural Resources: Mach Natural Resources is a Permian Basin-focused E&P spun out from Wexford Capital, operating low-decline conventional assets in the Anadarko and Permian basins. Its acquisition-driven growth model and conventional asset focus mirror Wedgemount's strategy of buying and optimizing undercapitalized production.
• Vital Energy: Vital Energy is a Permian Basin-focused E&P operating primarily in the Wolfcamp and Bone Spring plays. While larger and more unconventional-focused than Wedgemount, it competes for the same pool of acquisition targets and investor capital in the Permian junior space.
• Granite Ridge Resources: Granite Ridge Resources is a small-cap E&P focused on non-operated working interests in mature U.S. basins. Its model of acquiring and optimizing non-operated working interests in producing wells is conceptually similar to Wedgemount's undercapitalized-asset focus, though at a larger scale.
• SilverBow Resources: SilverBow Resources is a South Texas-focused E&P operating in the Eagle Ford and Austin Chalk. Comparable in scale and acquirer-operator profile to Wedgemount, though focused on different conventional plays. Represents a relevant comparable for small-cap conventional E&P economics.

Broad incumbents

• Liberty Energy: Liberty Energy is a major U.S. hydraulic fracturing and well-completion services provider. Comparable to Wedgemount in the well-stimulation and production-enhancement capability domain, though Liberty serves a broad customer base as a service provider while Wedgemount applies proprietary stimulation chemistry to its own wells.
• ProPetro Holding: ProPetro is a leading Permian-focused hydraulic fracturing and completions services provider. Relevant as a benchmark for the economics of well stimulation and production enhancement services that Wedgemount's chemical treatments aim to substitute or complement.
• STEP Energy Services: STEP Energy Services is a Canadian-based well-completion and production services provider operating in the U.S. and Canadian basins. Comparable in providing the stimulation and production-enhancement services that Wedgemount's chemical treatments deliver, though STEP provides conventional frac and coiled tubing services at scale.

Emerging players

• Energy Fuels: Energy Fuels operates the Pinyon Plain uranium mine immediately adjacent to Wedgemount's Breccia Pipe Project option and is the largest U.S. producer of uranium and critical minerals. Directly relevant as the producing neighbor validating the geology and infrastructure context of Wedgemount's new Critical Minerals Division.
• Uranium Energy Corp: Uranium Energy Corp is one of the largest U.S.-focused uranium mining companies with ISR operations across the U.S. Relevant as a benchmark for the uranium/REE mining economics Wedgemount is targeting through the Myriad option, providing scale and operational reference points for the Critical Minerals Division.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/wedgemountres
• LinkedInlinkedin.com/company/wedgemount-resources-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

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 Wedgemount Resources