Texakoma

What Texakoma does

Texakoma is a privately-held, Plano, Texas-based independent oil and gas exploration, operation, development, and production company founded in 1982. The company operates through four affiliated entities: Texakoma Exploration & Production, LLC (the primary E&P operator in Texas, Oklahoma, and Montana, and sponsor of working interest drilling programs), Texakoma Operating, LP (Operator of Record for 125+ wells across the United States), Texakoma Resources, LLC (client and investor relations), and Texakoma Financial, Inc. (an SEC-registered, FINRA Member broker-dealer). Texakoma has operated continuously for more than four decades across nine U.S. states, with a historical coal bed methane position in the San Juan Basin (1993-2004; 22,000 acres, 76 wells, 170 bcf gross reserves) and a current core position in Roberts County, Texas's Granite Wash play, supplemented by recent operations in Montana's Williston Basin.

Operations rely on conventional upstream technologies — 3D seismic imaging (a 40 square-mile survey was shot in Roberts County in 2021), horizontal drilling, and hydraulic fracturing — executed by an in-house team of engineers, geologists, geophysicists, and landmen with multi-decade company tenure. Technical capability is evidenced by an SPE whitepaper on enhanced cyclic diversion in Granite Wash horizontals co-authored with Halliburton, and by historical rankings as the #1 oil producer in Roberts County, TX (2012-2013) and #3 in the Texas Granite Wash (2021).

Texakoma generates revenue through two channels: (1) wholesale sale of produced crude oil and natural gas to a diversified set of midstream and refining counterparties (Sunoco Partners Marketing, Coffeyville Resources, Ace Gathering, CP Energy for crude; DCP Midstream, Energy Transfer, Kinder Morgan, Enable Gathering & Processing, Upstream Energy Services for natural gas) at index-based commodity pricing; and (2) sponsorship of working interest drilling programs for accredited investors via Texakoma Financial, Inc., institutionalized in 2023 with the launch of the Texakoma Resources Partners '23, LP Fund. The company has historically demonstrated A&D discipline, including the 2004 sale of its San Juan Basin assets to POGO Producing and the 2010 divestiture of its Tonkawa horizontal play leasehold to Chesapeake Energy for cash plus an overriding royalty interest.

Name

Texakoma

Legal name

Texakoma Group

Website

https://texakoma.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

11–50 employees

Short description

Texakoma is a Plano, Texas-based independent oil and gas exploration and production company founded in 1982, operating 125+ wells across nine U.S. states. It sells produced crude oil and natural gas to major midstream purchasers and sponsors working interest drilling programs for accredited investors through an affiliated broker-dealer.

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration & Production

NAICS

Oil and Gas Extraction (2111), Oil and Gas Extraction (211)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

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

akta.pro secondary industry

Unconventional Gas E&P (Shale/Tight Gas) (EUAAAAAC)

Keywords

• Oil and gas exploration
• Crude oil production
• Natural gas operations
• Horizontal drilling services
• Working interest programs

Headquarters

HQ city

Plano

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Oil and Gas Production Sales: Texakoma generates primary revenue through the sale of produced crude oil and natural gas to major purchasers and refiners. Oil is sold to companies such as Sunoco Partners Marketing, Coffeyville Resources, Ace Gathering, and CP Energy. Natural gas is sold to midstream companies including DCP Midstream, Energy Transfer, Enable Gathering & Processing, and Kinder Morgan.
2. Working Interest Drilling Programs: Texakoma Exploration & Production, LLC serves as issuer/sponsor of oil and gas working interest drilling programs offered to qualified individuals and entities through its affiliated broker-dealer, Texakoma Financial, Inc. This provides capital for drilling operations while offering investors participation in oil and gas projects.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Texakoma Group is an independent oil and gas exploration, operation, development, and production company that drills, completes, and operates wells across multiple U.S. basins. Its primary commercial output is produced crude oil sold to refiners and natural gas sold to midstream purchasers. Through affiliated broker-dealer Texakoma Financial, Inc., it also sponsors oil and gas working interest drilling programs that allow qualified investors to participate as working interest partners in drilling projects.

Product overview

Texakoma is a single unified oil and gas exploration, development, and production company rather than a platform-plus-modules architecture. The company operates through four primary affiliated entities: Texakoma Exploration & Production, LLC (exploration and production operator in Texas, Oklahoma, and Montana), Texakoma Operating, LP (operator of record for over 125 wells), Texakoma Resources, LLC (client relations for working interest programs), and Texakoma Financial, Inc. (SEC-registered broker-dealer offering investment programs). The company also launched the Texakoma Resources Partners '23, LP Fund in 2023 as a private equity investment vehicle. Operations span multiple basins across 9 states, with core production areas in Roberts County, Texas's Granite Wash formation.

Differentiator

Problem solved

Functional benefit

Brands

• Texakoma Resources Partners '23, LP Fund: A private investment fund launched in 2023 by Texakoma for oil and gas working interest drilling programs offered to qualified individuals and entities.

Products and services

• Crude Oil Production and Sales Production and direct-sale of crude oil to major purchasers and refiners including Sunoco Partners Marketing, Coffeyville Resources, Ace Gathering, and CP Energy from wells operated by Texakoma across multiple U.S. basins.
• Natural Gas Production and Sales Production and direct-sale of natural gas to midstream operators including DCP Midstream, Energy Transfer, Enable Gathering & Processing, Kinder Morgan, Upstream Energy Services, and Align Midstream Partners from wells operated by Texakoma across multiple U.S. basins.
• Oil and Gas Working Interest Drilling Programs Working interest drilling programs sponsored by Texakoma Exploration & Production, LLC and distributed through affiliated SEC-registered, FINRA-member broker-dealer Texakoma Financial, Inc. to qualified individual and institutional investors for participation in oil and gas projects.
• Texakoma Resources Partners '23, LP Fund Private equity fund launched in 2023 by Texakoma to provide qualified investors with oil and gas working interest investment opportunities in projects operated by the Texakoma Group.
• Oil and Gas Exploration, Drilling, and Completion Services End-to-end oil and gas exploration, drilling, completion, and production services delivered by Texakoma's engineering, geological, geophysical, and land teams, including 3D seismic acquisition and interpretation, horizontal drilling, and hydraulic fracturing.

Quantifiable outcome

• #1 oil producer in Roberts County, TX (2012-2013)
• +5 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

16 partnerships are on record, tiered core and major.

• Halliburton Energy ServicescoreTechnology or IntegrationHalliburton provides wellsite vendor services to Texakoma. Connie Talley serves as the customer financial services contact at Halliburton's Oklahoma City office. Halliburton has partnered with Texakoma on technical papers including SPE whitepapers on enhanced cyclic diversion processes in Granite Wash completions.
• Dentons US LLPcoreImplementation/ SI/ Consulting PartnerDentons provides legal counsel services to Texakoma. Barry Cannaday serves as partner contact at Dentons' Dallas office. Dentons is a global law firm with significant energy sector practice.
• DCP Midstream, LPcoreOthersDCP Midstream purchases natural gas produced by Texakoma's operations. DCP is a major midstream company operating natural gas gathering, processing, and pipeline systems.
• Energy TransfercoreOthersEnergy Transfer purchases natural gas and provides gathering and processing services for Texakoma's production. Energy Transfer is a major midstream and pipeline company.
• Kinder MorgancoreOthersKinder Morgan purchases natural gas from Texakoma and provides transportation and storage services. Kinder Morgan is one of the largest energy infrastructure companies in North America.
• Enable Gathering & Processing, LLCmajorOthersEnable Gathering & Processing purchases natural gas from Texakoma and provides gathering and processing services in the midcontinent region.
• Upstream Energy Services, LPmajorOthersUpstream Energy Services purchases natural gas produced by Texakoma operations.
• Sunoco Partners MarketingcoreOthersSunoco Partners Marketing purchases crude oil from Texakoma. Sunoco is a major refiner and marketer of petroleum products.
• Coffeyville ResourcescoreOthersCoffeyville Resources purchases crude oil from Texakoma. Coffeyville Resources operates refineries and marketing operations.
• Ace Gathering, Inc.majorOthersAce Gathering purchases crude oil from Texakoma operations.
• CP Energy, LLCmajorOthersCP Energy purchases crude oil from Texakoma operations.
• Dance, Bigelow & Co. PCcoreImplementation/ SI/ Consulting PartnerDance, Bigelow & Co. PC serves as Texakoma's certified public accountants. Blair Dance serves as CPA contact at their Irving, Texas office.
• Lee D. Vendig II Oil & Gas Consultants Inc.majorImplementation/ SI/ Consulting PartnerLee D. Vendig II Oil & Gas Consultants serves as production sales consultant for Texakoma. Lee D. Vendig serves as president of the consulting firm.
• Lustre Oil Company, LLCmajorStrategic or Co-development PartnerLustre Oil Company, LLC entered into an agreement with Texakoma Exploration and Production, LLC for exploratory drilling. Laredo Oil, Inc. announced promising results from drilling under this agreement, with free oil and drill cutting oil shows encountered from the main target zone in the first of two exploratory wells.
• Chesapeake Energy CorporationmajorOthersIn 2010, Texakoma Operating, LP sold its undeveloped leasehold position (~9,600 gross acres and ~4,700 net acres) in the Tonkawa horizontal play to Chesapeake Energy Corporation for cash consideration and an overriding royalty interest.
• POGO Producing Co.majorOthersPOGO Producing Co. acquired Texakoma's San Juan Basin assets including Texakoma Oil and Gas Corporation in December 2004. This was a major two-part acquisition that included Texakoma's primary asset and natural gas production in the San Juan Basin, New Mexico.

Scale indicators10 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Laredo Oil, Inc. Laredo Oil is a publicly traded independent E&P that entered into an exploratory drilling agreement with Texakoma Exploration and Production, LLC — directly comparable as a small-cap operator pursuing emerging plays alongside Texakoma.
• Mewbourne Oil Company: Privately held Mewbourne is a Texas- and Anadarko-focused independent E&P comparable to Texakoma in scale, basin focus, and vertically integrated operating model with in-house drilling programs.
• Hilcorp Energy: Hilcorp is a privately held independent operator focused on developing mature U.S. onshore assets — closely comparable to Texakoma's operating philosophy of working mature plays across multiple states.
• Citation Oil & Gas: Citation is a private E&P with similar Texas and Mid-Continent operating footprint. Texakoma's VP of A&D previously served as A&D engineer at Citation, indicating comparable asset profiles and deal-flow sourcing.
• CrownQuest Operating: CrownQuest is a private Texas-focused independent with overlapping exposure to the Permian Basin and Anadarko/Granite Wash — directly comparable to Texakoma's Roberts County and SCOOP/STACK operations.
• Aviva Petroleum: Aviva Petroleum is a private Texas-based E&P. Multiple Texakoma accounting/finance advisors joined from Aviva, indicating comparable scale, governance, and operating model.

Emerging players

• Cubic Energy: Cubic Energy is a small-cap E&P with overlapping basins (Anadarko/Haynesville). Texakoma's former CFO served as Cubic's CFO, suggesting comparable scale and operational profile.

Broad incumbents

• Devon Energy: Devon is a large-cap diversified E&P with significant operations in the Permian, Anadarko, and Williston basins — overlapping Texakoma's basin footprint but at materially greater scale and with public-market access.
• Continental Resources: Continental is a major independent E&P with substantial Williston/Bakken exposure, directly overlapping Texakoma's 2023 Montana entry. Larger scale and public listing distinguish it from Texakoma's private operator model.
• Chesapeake Energy: Chesapeake purchased Texakoma's undeveloped Tonkawa acreage in 2010 — a major independent E&P with overlapping Anadarko and SCOOP/STACK exposure. Material scale difference but directly comparable basin activity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat1 record

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/texakoma

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries4 records

Funding overview

Funding rounds3 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 Texakoma