Wapiti Energy

What Wapiti Energy does

Wapiti Energy is a privately held natural gas exploration and production company headquartered in Houston, Texas, founded in 2001 by Richard E. Agee (Founder and Chairman of the Board). The company develops and produces cleaner-burning, energy-dense natural gas from a multi-state asset base in the Rocky Mountains region, with operations in Colfax County, New Mexico; Duchesne and Carbon Counties, Utah; and Wyoming. Its core product is raw natural gas production, sold directly into wholesale energy markets to utilities, power generators, and industrial buyers through a B2B sales-led go-to-market motion.

Wapiti's underlying technology stack is centered on modern methane emissions measurement, reduction, and transparent reporting practices, and the company has achieved Gold Standard Pathway recognition under the United Nations' Oil and Gas Methane Partnership (OGMP) 2.0 Program. Operationally, the company controls 1+ TCFE of proved reserves across 680,000 gross acres and runs 1,600+ operated wells producing 75,000 MCFE per day, with a lean 11–50 person headcount that implies a heavily outsourced or asset-leveraged operating model. Strategic relationships with the Bureau of Land Management, state and federal regulators, and private landowners form the operational backbone.

The revenue model is straightforward commodity production: Wapiti generates revenue through the sale of produced natural gas volumes at market-indexed pricing into U.S. energy markets. Pricing is not publicly disclosed and follows standard natural gas hub benchmarks. The company has no disclosed patents, no modular product platform beyond physical gas production, and no consumer-facing technology surface; its economic engine is tied directly to realized Henry Hub-equivalent pricing, production volumes, and net revenue interest after royalties and midstream deductions.

Name

Wapiti Energy

Legal name

Wapiti Energy

Website

https://wapitienergy.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Wapiti Energy is a privately held natural gas exploration and production company operating 1,600+ wells across New Mexico, Utah, and Wyoming, producing 75,000 MCFE/day for wholesale energy markets under UN OGMP 2.0 Gold Standard methane reporting.

Ownership category

akta.pro rank

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Natural Gas Production and Sales: Wapiti Energy generates revenue through the development and production of natural gas, selling the commodity to energy markets. As a natural gas producer, revenue is derived from the sale of produced natural gas volumes.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Wapiti Energy is a privately held natural gas exploration and production company that develops and produces cleaner-burning, energy-dense natural gas from over 1,600 operated wells across approximately 680,000 gross acres in New Mexico, Utah, and Wyoming (Rocky Mountains region). Daily production is approximately 75,000 MCFE/day with 1+ TCFE of proved reserves. The product is sold to wholesale energy buyers including utilities, power generators, and industrial consumers.

Product overview

Wapiti Energy is a privately held natural gas production company that operates a single core product offering: developing and producing natural gas from assets in the Rocky Mountains region of the United States. The company focuses on operations across three states (New Mexico, Utah, and Wyoming) with 1,600+ operated wells producing 75,000 MCFE/day. There is no modular or platform-based product architecture; the company's sole product is its natural gas production business.

Differentiator

Problem solved

Functional benefit

Products and services

• Natural Gas Production Development and production of cleaner-burning, energy-dense natural gas from operations in New Mexico, Utah, and Wyoming. Wapiti operates over 1,600 wells producing approximately 75,000 MCFE/day across approximately 680,000 gross acres, with 1+ TCFE of proved reserves. The natural gas is sold into wholesale energy markets to utilities, power generators, and industrial energy consumers.

Quantifiable outcome

• Gold Standard Pathway recognition achieved under UN OGMP 2.0 Program for methane emissions reporting

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Private LandownerscoreStrategic or Co-development PartnerWapiti Energy works in partnership with private landowners to develop and produce natural gas on their properties. This partnership is fundamental to the company's operations and acreage position in the Rocky Mountains region.
• Bureau of Land ManagementcoreStrategic or Co-development PartnerFederal land management agency that oversees natural resource development on public lands. Wapiti operates in partnership with BLM across New Mexico, Utah, and Wyoming.
• State and Federal RegulatorscoreStrategic or Co-development PartnerWapiti Energy maintains regulatory partnerships with state regulators in New Mexico, Utah, and Wyoming, as well as federal regulators to ensure compliant and responsible natural gas production.
• United Nations Environment Programme - OGMP 2.0coreStrategic or Co-development PartnerWapiti Energy has achieved Gold Standard Pathway recognition under the UN's OGMP 2.0 Program, demonstrating commitment to precise methane emissions reporting and reduction. This partnership provides the framework for environmental responsibility and transparent emissions measurement.

Scale indicators5 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Coterra Energy: Large multi-basin E&P with natural gas, oil, and NGL production across the Permian, Marcellus, and Anadarko. Comparable as a broader incumbent in the Western US upstream space with overlapping regulatory and methane-management obligations.
• Range Resources: Independent natural gas and NGL producer with operations in the Appalachian Basin. Comparable as a gas-focused upstream operator emphasizing low methane intensity and ESG performance to differentiate in commodity markets.
• Ovintiv: Large multi-basin E&P producing oil, natural gas, and NGLs across the Permian, Montney, and Anadarko. Comparable as a Western US upstream incumbent with overlapping methane-management and regulatory exposure in Rockies-adjacent basins.
• EQT Corporation: The largest US natural gas producer, focused on the Appalachia basin. Relevant as a scaled, vertically integrated natural gas operator competing for similar LNG-export, power-generation, and industrial offtake demand as Wapiti.
• Expand Energy: Largest US natural gas producer formed via the Chesapeake Energy and Southwestern Energy merger, with Marcellus and Haynesville assets. Comparable as a gas-weighted incumbent investing heavily in methane reduction and ESG transparency.

Direct peers

• Civitas Resources: Rocky Mountain-focused upstream E&P with operations in Colorado, New Mexico, and Wyoming, producing oil and natural gas across multiple basins. Directly comparable as a Rockies-based operator with similar geographic overlap (notably New Mexico and Wyoming) and a comparable regulatory and methane-management profile.
• Antero Resources: Large natural gas and NGL producer in the Appalachian Basin. Comparable as a natural gas-weighted operator with significant scale and an active focus on methane intensity and ESG reporting that competes for capital and offtake in the broader US natural gas market.
• Comstock Resources: Pure-play natural gas producer focused on the Haynesville Shale. Relevant comparator as a publicly traded, single-commodity natural gas operator whose economics are driven entirely by gas pricing and gas-weighted ESG/methane compliance—mirroring Wapiti's revenue model.
• HighPeak Energy: Smaller independent E&P with operations concentrated in the Permian Basin and select Rocky Mountain assets. Comparable as a mid-sized, gas-weighted independent facing similar methane-regulation dynamics and capital-allocation tradeoffs in the broader Western US upstream.

Emerging players

• Matador Resources: Independent E&P with operations primarily in the Permian Basin and select acreage in the broader Western US. Relevant as a smaller-cap, gas-and-oil weighted operator of comparable scale navigating similar Western US regulatory and ESG dynamics.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/WapitiEnergy
• LinkedInlinkedin.com/company/wapiti-energy-llc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

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 Wapiti Energy