Laredo Oil

What Laredo Oil does

Laredo Oil, Inc. is a Delaware-incorporated, Austin-headquartered, OTC Pink Sheets-listed (LRDC) oil exploration and production company that targets mature oil fields for acquisition and redevelopment using its proprietary Underground Gravity Drainage™ (UGD) enhanced oil recovery technology. UGD accesses oil reservoirs from below via underground drilling systems designed to expose hundreds of thousands of feet of wellbore from a single surface location, leveraging gravity to increase recovery while reducing surface disruption. The company claims development costs enabling sub-$20/barrel production versus a $61-$66 industry break-even average, supported by 17 years and over $187 million of R&D investment in beta-test and production facilities.

The company's asset base spans 37,900 net acres under lease plus an additional 30,000 net mineral acres in northeastern Montana, organized through three wholly-owned operating subsidiaries: Hell Creek Crude, LLC (Montana exploration and operations), Lustre Oil Company, LLC (mineral-rights holder in Valley County, Montana), and Stranded Oil Resources Corporation (global UGD project development). Its only disclosed strategic drilling partner is Texakoma Exploration and Production, LLC, which drills wells under a multi-stage working-interest arrangement (initially 85/15 in Laredo's favor, moving to 50/50 thereafter). Recent operational milestones include the Midfork Reddig 11-21 well drilling and reported oil shows (2024), settlement of a quiet-title dispute over Montana mineral rights (March 2024), and capital raises totaling approximately $1.88 million across 2024-2025 from accredited investors via private placements of common shares and subordinated debt with warrants.

Revenue is not disclosed and is not currently material; the company is in pre-commercial pilot commercialization. Primary customer-facing activities are direct crude production (commodity sales at WTI/Brent pricing) and royalty-owner administration for mineral-interest holders, while capital is sourced through private offerings to accredited investors and a Participation Agreement structure with co-investors (Erehwon Oil & Gas and others).

Name

Laredo Oil

Legal name

Laredo Oil, Inc.

Website

https://laredo-oil.com

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

Laredo Oil (OTC: LRDC) is a small public oil exploration and production company that acquires mature oil fields and applies its proprietary Underground Gravity Drainage (UGD) enhanced oil recovery technology to extract stranded oil, primarily in Montana.

Ownership category

akta.pro rank

Product category

Crude Oil Exploration and Production

NAICS

Oil and Gas Extraction (2111), Crude Petroleum Extraction (211120)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Drilling & Well Construction (E&P Operator-led) (EUALAAAD)

Keywords

• Enhanced oil recovery
• Mature oil fields
• Underground gravity drainage
• Crude oil production
• Mineral rights acquisition

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Crude Oil Production and Sales: Primary revenue from oil production and sales from properties in Montana (Valley County). Revenue derived from selling extracted crude oil at market prices.
2. Mineral Rights and Leasehold Interests: Revenue from developing mineral rights, acquiring and leasing oil properties. Company retains 100% leasehold interest in additional 30,000 net mineral acres in northeastern Montana.
3. Royalty Payments: Revenue sharing arrangements with royalty owners from oil production on properties where Laredo holds mineral interests. Company manages royalty owner documentation and payments.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Laredo Oil is a management services company that acquires and revitalizes mature oil fields, recovering stranded oil that conventional techniques leave behind. Its core offering is the proprietary Underground Gravity Drainage (UGD) enhanced oil recovery technology, supported by a global screening and simulation platform, and complemented by conventional oil recovery and mineral rights development. The company operates through wholly-owned subsidiaries (Hell Creek Crude LLC, Lustre Oil Company LLC, Stranded Oil Resources Corporation) and partners with operators such as Texakoma Exploration and Production for drilling.

Product overview

Laredo Oil is an oil and gas exploration and production company offering a unified portfolio centered on its proprietary Underground Gravity Drainage™ (UGD) technology for enhanced oil recovery. The core UGD product works alongside conventional oil recovery methods and is supported by their Stranded Oil Resources Corporation subsidiary for global development. Operations are conducted through subsidiaries including Hell Creek Crude, LLC (Montana exploration) and Lustre Oil Company, LLC (mineral rights holder), with the company controlling approximately 37,900 net acres of leaseholds in established production areas plus 30,000 additional mineral acres.

Differentiator

Problem solved

Functional benefit

Products and services

• Underground Gravity Drainage (UGD)
• Crude Oil Production and Sales
• Mineral Rights and Leasehold Development
• UGD Global Field Screening and Simulation Platform

Quantifiable outcome

• Sub $20 per barrel production costs vs. $61-66 industry average
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• A&S Minerals Development Company, LLCminorStrategic or Co-development Partner · 11 March 2024Settlement agreement between Lustre Oil Company LLC, Erehwon Oil & Gas, and ASMD settling quiet title dispute regarding ownership of mineral rights in Valley County, Montana. Provides clear title to both parties for their respective mineral rights.
• Erehwon Oil & Gas, LLCcoreStrategic or Co-development Partner · 22 January 2024Partner in Participation Agreement with Hell Creek Crude LLC and various accredited investors. Erehwon and HCC collectively hold 10% net working interest in initial development (90%/10% split with investors until repayment), then 50%/50% after repayment.
• Texakoma Exploration and Production, LLCcoreStrategic or Co-development Partner · 17 November 2023Strategic drilling partnership for exploration and development of 7,375 net acres of mineral rights in Valley County, Montana (Contract Area). Texakoma drills wells under an 85%/15% split for first 8 additional wells and 50%/50% for subsequent wells. Laredo retains 100% leasehold interest in additional 30,000 net mineral acres outside Contract Area.
• Equiniti Trust Company, LLCminorOthersTransfer agent for Laredo Oil's OTC Pink Sheets stock (LRDC). Located at 6201 15th Avenue, Brooklyn, NY 11219. Phone: 1-800-937-5449.
• Hell Creek Crude, LLCcoreStrategic or Co-development PartnerWholly-owned subsidiary of Laredo Oil engaged in oil exploration and production operations in Montana. HCC is operator of Reddig 11-21 well and other development wells in Midfork Field, Valley County, Montana.
• Lustre Oil Company, LLCcoreStrategic or Co-development PartnerWholly-owned subsidiary holding mineral rights leases in Valley County, Montana. Partnered with Texakoma for exploration and development of 7,375 net acres under participation agreement.
• Stranded Oil Resources CorporationcoreStrategic or Co-development PartnerWholly-owned subsidiary developing UGD projects in distinct regions globally. Develops UGD projects worldwide through strategic partnerships and technology deployment.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Denbury Resources: Long-established leader in CO2-based enhanced oil recovery in mature U.S. fields, comparable to Laredo's focus on EOR to revitalize mature reservoirs, though at much larger scale and using a different recovery method.
• Occidental Petroleum: Major U.S. E&P with extensive CO2-EOR operations in legacy Permian fields and a low-cost-of-production ethos; comparable to Laredo in targeting stranded oil from mature reservoirs using enhanced recovery techniques.
• Kinder Morgan: Operates significant CO2 supply infrastructure used in EOR projects and is a key enabler of enhanced oil recovery in mature fields — directly adjacent to the value chain Laredo's UGD technology addresses.

Regional players

• Continental Resources: Major operator in the Bakken/Williston Basin — the same geologic province as Laredo's Montana acreage — providing a directly relevant operational and geological peer for Williston Basin drilling and production.
• Whiting Petroleum: Williston Basin-focused E&P with operations in the Bakken and Three Forks formations in North Dakota and Montana; comparable to Laredo's Montana-focused oil development activities.
• Hess Corporation: Operates significant Bakken/Williston Basin assets in North Dakota with material Montana exposure, comparable in terms of basin focus though at substantially greater scale and capital base.
• Oasis Petroleum: Williston Basin operator with both Bakken production and an active enhanced recovery / waterflood program in the Permian — overlapping Laredo in basin exposure and the broader theme of maximizing recovery from mature assets.

Direct peers

• Citation Oil & Gas: Privately-held operator specializing in mature U.S. oil field acquisitions and enhanced recovery — a smaller, niche analogue to Laredo's strategy of acquiring aging fields and applying advanced recovery techniques.

Emerging players

• Whitecap Resources: Canadian E&P focused on light oil in the Williston Basin and conventional enhanced oil recovery (waterflood) projects — a smaller-cap peer pursuing the same 'recover what's left' playbook Laredo is targeting with UGD.
• SandRidge Energy: Mid-cap E&P historically focused on enhanced oil recovery and redevelopment of mature Mid-Continent fields — directly comparable to Laredo's mature-field-recovery business model, though at larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/LaredoOil
• Facebookfacebook.com/Laredo-Oil-Inc-106500701889489
• LinkedInlinkedin.com/company/laredo-oil-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

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 Laredo Oil