Torchlight Energy Resources
Torchlight Energy Resources was a Plano, Texas-based publicly traded oil and gas exploration company (NASDAQ: TRCH) focused on acquiring and developing domestic U.S. oil fields with 1-10 employees before its reverse merger into Meta Materials (MMTLP).
- Company typePrivate
- Founded2007
- HeadquartersPlano, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
Torchlight Energy Resources firmographics
Firmographics- Name
- Torchlight Energy Resources
- Website
- https://torchlightenergy.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Acquired
- Headcount range
- 1–10 employees
- Short description
- Torchlight Energy Resources was a Plano, Texas-based publicly traded oil and gas exploration company (NASDAQ: TRCH) focused on acquiring and developing domestic U.S. oil fields with 1-10 employees before its reverse merger into Meta Materials (MMTLP).
- Ownership category
- akta.pro rank
Where Torchlight Energy Resources is headquartered
LocationHeadquarters
- HQ city
- Plano
- HQ country
- United States
- HQ region
- North America
Markets served
Torchlight Energy Resources business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel
Torchlight Energy Resources product offering
Product offeringCore offering
Torchlight Energy Resources was an oil and gas exploration company focused on the acquisition and development of domestic oil fields in the United States. The company engaged in upstream energy activities aimed at identifying and developing hydrocarbon reserves prior to being absorbed through a reverse merger with a Canadian technology firm.
Differentiator
Problem solved
Functional benefit
Products and services
- Oil and Gas Exploration and Development Acquisition and development of domestic oil fields, involving upstream exploration activities targeting hydrocarbon reserves in U.S. basins for energy sector stakeholders and investors.
Companies that use Torchlight Energy Resources
Customer profileIdeal customer profiles1 record
Torchlight Energy Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Torchlight Energy Resources partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Canadian Technology Firm (predecessor to Meta Materials)coreTorchlight Energy Resources underwent a reverse merger with a Canadian technology firm, which resulted in the creation of Meta Materials (ticker MMTLP). This corporate transaction transformed Torchlight Energy Resources from an energy company into a materials technology company through the reverse merger structure.
Torchlight Energy Resources competitors and assessment
Company assessmentBroad incumbents
- EOG Resources: Major US-based independent oil and gas E&P with extensive domestic operations. Represents a broad incumbent benchmark for the domestic oil field acquisition and development category Torchlight operated within.
- SM Energy: Established US-focused exploration and production company operating in multiple domestic basins. A broader incumbent in the same domestic upstream oil & gas space Torchlight targeted, with a more diversified asset portfolio.
- Apache Corporation: Large independent US-headquartered oil and gas exploration and production company. Broad incumbent comparator for any small-cap domestic E&P such as Torchlight targeting conventional US onshore assets.
Direct peers
- Contango Oil & Gas: Small-cap US oil & gas exploration and production company. Comparable to Torchlight as a domestic-focused E&P with similar subscale headcount and acquisition-driven growth strategy.
- Penn Virginia: Domestic-focused US oil and gas E&P with operations concentrated in onshore basins. Closely comparable to Torchlight's stated domestic oil field focus, with a similar small-cap acquisition-led profile.
- Laredo Petroleum: US onshore-focused oil and gas exploration and production company operating in domestic basins. Comparable to Torchlight in target geography (US onshore) and acquisition/development approach, though somewhat larger in scale.
- Ring Energy: Small-cap US-focused oil & gas E&P company with comparable scale and a similar acquisition-and-development mandate on domestic onshore properties. Closely comparable in size, geography, and operating model to what Torchlight aimed to be.
- Bonanza Creek Energy: Small-cap US-focused oil and gas exploration and production company. Directly comparable in operating model — domestic onshore acquisition and development of oil-weighted assets — and in size category.
Regional players
- Crescent Point Energy: Canada-based oil and gas E&P focused on North American onshore acquisition and development. Comparable operating model to Torchlight but primarily serves a different geographic market (Canadian/US Bakken/Williston basins).
Others
- Meta Materials (MMTLP) / Next Bridge Hydrocarbons: Direct corporate successor created via Torchlight's reverse merger. Relevant as the entity into which Torchlight was absorbed, and which later converted to Next Bridge Hydrocarbons — making it the closest continuing interest linked to Torchlight shareholders.
Market position
Customer concentration
Torchlight Energy Resources social profiles
Digital presenceTorchlight Energy Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Torchlight Energy Resources leadership team
Management profileNumber of profiles
Torchlight Energy Resources funding detail
Funding detailFunding overview
Funding rounds3 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Torchlight Energy Resources 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 Torchlight Energy Resources
What does Torchlight Energy Resources do?
Torchlight Energy Resources was an oil and gas exploration company focused on the acquisition and development of domestic oil fields in the United States. The company engaged in upstream energy activities aimed at identifying and developing hydrocarbon reserves prior to being absorbed through a reverse merger with a Canadian technology firm.
When was Torchlight Energy Resources founded?
Torchlight Energy Resources was founded in 2007. It employs 1 to 10 people.
Where is Torchlight Energy Resources based?
Torchlight Energy Resources is headquartered in Plano, United States, in the North America region.
Who are Torchlight Energy Resources's main competitors?
Broad incumbents on record are EOG Resources, SM Energy and Apache Corporation. Direct peers are Contango Oil & Gas, Penn Virginia, Laredo Petroleum, Ring Energy and Bonanza Creek Energy. Crescent Point Energy is listed as a regional player. Meta Materials (MMTLP) / Next Bridge Hydrocarbons is listed as an others.
Does Torchlight Energy Resources have an API?
No public API is recorded for Torchlight Energy Resources.