What Yangarra Resources does

Yangarra Resources Ltd. is a Calgary, Alberta-based junior oil and gas exploration and production company focused on the Western Canadian Sedimentary Basin, with assets in the Cardium light oil play and, increasingly, the Belly River play including a Basel Belly River pilot with Obsidian Energy. The company produces light crude oil, natural gas, and natural gas liquids, with fiscal 2025 production averaging approximately 10,003 boe/d and Q2 2026 production at 10,078 boe/d, supported by an inventory of 40 net Tier 1 drilling locations plus 60 additional planned locations. Capital allocation emphasizes infrastructure overlay economics, leveraging existing Cardium gathering and processing capacity to develop Belly River reserves at lower incremental cost.

The business model is that of a conventional commodity producer: revenue is generated from selling unbranded crude oil, natural gas, and NGLs under standard marketing arrangements to multiple buyers at prices indexed to WTI, AECO, and related benchmarks, with no disclosed long-term offtake contracts or named end customers. Yangarra funds development through a combination of funds from operations (FY2025 FFO of $62.8M, FY2025 EBITDA of $69.9M) and a C$160 million revolving credit facility, with adjusted net debt of $106.7M representing 1.06x annualized FFO at year-end 2025. The 2026 capital program of $80M (up 33% YoY) and 25-well drilling program (up from 14 in 2025) reflects a deliberate pivot from capital discipline toward growth as commodity conditions improve, with insider ownership of ~18% basic / 23% fully diluted aligning management with shareholders. Yangarra is dual-listed on the TSX (YGR) and the OTCQX (YGRAF), the latter upgraded in May 2026 to broaden U.S. investor access.

Name

Yangarra Resources

Legal name

Yangarra Resources Ltd.

Website

https://www.yangarra.ca/

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Short description

Yangarra Resources is a Calgary-based junior oil and gas producer operating in the Western Canadian Sedimentary Basin, developing light crude oil, natural gas, and NGL production from the Cardium and Belly River plays at approximately 10,000 boe/d.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Exploration and Production

NAICS

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

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Onshore Natural Gas E&P (Conventional Fields) (EUAAAAAG)

Keywords

• Oil and gas exploration
• Crude oil production
• Natural gas development
• Upstream E&P
• Western Canadian Sedimentary Basin

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Technology or R&D, Personnel, Others

Revenue model

1. Oil and Gas Sales: Yangarra generates revenue primarily from the sale of crude oil, natural gas, and natural gas liquids produced from its Western Canadian operations. Revenue is driven by commodity prices (WTI for oil, AECO for natural gas). Q2 2026 revenue was $43.2 million, up 46% year-over-year, with full year 2025 revenue of $115.3 million.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Yangarra Resources Ltd. is a junior upstream oil and gas producer engaged in the exploration, development, and production of light crude oil, natural gas, and natural gas liquids. Core operations are concentrated in the Western Canadian Sedimentary Basin across key areas including O'Chiese, Willesden Green, Ferrier, Cow Lake, Chambers, and Chedderville, with primary producing formations in the Belly River sandstone and Cardium. The company sells its produced hydrocarbons into commodity markets at prevailing WTI and AECO prices through pipeline-connected trading relationships.

Product overview

Yangarra Resources is a Canadian junior oil and gas company offering a unified portfolio of exploration, development, and production services for light crude oil, natural gas, and natural gas liquids. The company's core assets are concentrated in the Western Canadian Sedimentary Basin, with primary operations across multiple areas including O'Chiese, Willesden Green, Ferrier, Cow Lake, Chambers, and Chedderville. Yangarra's primary producing formations include the Belly River and Cardium, with 2025 average production of 10,003 boe/d and total proved plus probable reserves of 119 million boe. The company operates as a single integrated upstream oil and gas business rather than a modular software platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Oil and Gas Exploration and Production

Quantifiable outcome

• Belly River wells achieving 143% IRR at $70 WTI with potential payback periods as short as five months
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Obsidian Energy: Canadian junior E&P with overlapping Western Canadian operations; partnered with Yangarra on the Basel Belly River revitalization at Willesden Green, directly competing for the same inventory.
• Peyto Exploration & Development: Canadian junior E&P focused on low-cost, capital-efficient natural gas development in the WCSB with comparable focus on infrastructure leverage and return-on-capital discipline.
• Kelt Exploration: Small-cap WCSB E&P focused on liquids-rich Montney and other formations; similar size, capital intensity, and exposure to WCSB economics.
• Surge Energy: Intermediate WCSB oil-weighted producer with comparable scale, multi-play portfolio, and exposure to light oil economics similar to Yangarra's Belly River focus.
• Cardinal Energy: Junior WCSB producer of light and medium crude oil with similar low-capex, infrastructure-overlapping development philosophy.
• Bonterra Energy: WCSB-focused intermediate E&P producing light oil, NGLs, and natural gas with comparable scale, Cardium exposure, and capital-discipline profile.
• Pine Cliff Energy: Small-cap WCSB natural gas and oil producer with similar size, cost-conscious capital allocation, and exposure to commodity-driven returns.

Broad incumbents

• Tourmaline Oil: Largest WCSB natural gas and liquids producer with significant Montney position; competes for the same acreage, services, and capital as Yangarra but operates at materially larger scale.
• Crescent Point Energy: Senior Canadian E&P with broad WCSB footprint including Cardium and other formations, providing a benchmark for return-on-capital performance and capital allocation discipline in the basin.
• Whitecap Resources: Larger dividend-paying Canadian E&P with significant WCSB oil-weighted production; competes for investors and capital while operating overlapping Cardium-style plays.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/yangarra-resources-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds5 records

Investors10 records

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 Yangarra Resources