Wagner Oil Company

What Wagner Oil Company does

Wagner Oil Company is a private independent oil and gas company founded in 1998 and headquartered in Fort Worth, Texas. The company operates two integrated functions: (1) upstream exploration, acquisition, and development of oil and gas properties in Louisiana, New Mexico, Oklahoma, and Texas, pursued through both operated and non-operated positions; and (2) downstream royalty and mineral rights management for individual and entity mineral rights owners, including division order processing, title clearing, JIB (Joint Interest Billing) administration, ACH direct deposit, and 1099 tax reporting. Technical evaluation of opportunities is conducted in-house by a small leadership team with deep E&P credentials (a petroleum engineer from Texas Tech and ARCO/Ryder Scott pedigree, and a University of Texas at Austin-trained geologist founder).

The business model is commodity-driven: revenue is generated from the production and sale of oil, natural gas, and minerals, with royalty payments distributed to mineral rights owners monthly (on or about the 20th) when balances reach a $100 minimum. There are no proprietary technology platforms; the company's digital stack is outsourced to third parties, including EnergyLink for the owner-facing JIB invoice portal, ADP for payroll, Ascensus for 401K administration, United Healthcare for employee benefits, Workboard for internal operations, and OpenInvoice for business owner onboarding. No patents, proprietary AI/ML systems, research publications, or data assets are disclosed. The company is founder-controlled, privately held by Bryan Wagner, with no disclosed institutional investors, funding rounds, M&A activity, or public reporting.

Name

Wagner Oil Company

Legal name

Wagner Oil Company

Website

https://wagneroil.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

51–100 employees

Short description

Wagner Oil Company is a private independent oil and gas company based in Fort Worth, Texas, that acquires, explores, and develops oil and gas properties in Louisiana, New Mexico, Oklahoma, and Texas, and manages royalty and mineral rights payments for property owners.

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration & Production

NAICS

Oil and Gas Extraction (211), Crude Petroleum Extraction (21112), Natural Gas Extraction (21113)

SIC

Crude Petroleum & Natural Gas (1311), Oil Royalty Traders (6792), Mineral Royalty Traders (6795)

akta.pro primary industry

Real Assets — Oil & Gas / Energy Royalties (Mineral Rights, Midstream Royalties) (FSAHAIAL)

akta.pro secondary industry

Real Assets — Natural Resources & Minerals (Mining, Royalties/Streaming) (FSAHAIAK)

Keywords

• Oil and gas exploration
• Mineral rights management
• Royalty payment services
• Upstream oil and gas
• Oil and gas acquisitions

Headquarters

HQ city

Fort Worth

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Others

Revenue model

1. Royalty Revenue Distribution: Wagner Oil Company distributes royalty payments to mineral rights owners based on production from oil, natural gas, and mineral leases. Revenue checks are mailed on or about the 20th of each month when the owner's revenue has reached the $100 minimum balance. The company deducts Ad Valorem taxes (County levied), severance/production taxes (State levied), and other regulatory or contractual deductions before distributing payments.

Distribution channels2 records

Marketing channels1 record

Core offering

Wagner Oil Company is a private independent oil and gas company that acquires, explores, and develops oil and gas properties in Louisiana, New Mexico, Oklahoma, and Texas, with both operated and non-operated presence in those states. The company also manages royalty payments, division orders, and title clearing for mineral rights owners and working interest owners, distributing net revenues via mailed checks or ACH direct deposit.

Product overview

Wagner Oil Company is a private independent oil and gas company that operates two integrated business functions: (1) core exploration and production operations focused on acquisitions, exploration, and development in Louisiana, New Mexico, Oklahoma, and Texas, and (2) royalty/mineral rights management services for property owners, delivered through a combination of direct services and the EnergyLink-powered online portal for owner relations, JIB invoices, and account management.

Differentiator

Problem solved

Functional benefit

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• EnergyLinkcoreTechnology or IntegrationEnergyLink provides an online customer portal for Wagner Oil Company owners to access their monthly JIB (Joint Interest Billing) invoices free of charge. The portal is accessible at app.energylink.com and is referenced across the Business Owners and FAQ sections of the Wagner Oil website.
• ADPminorOthersADP provides workforce management and payroll services for Wagner Oil Company employees. Referenced under Employee Resources section.
• AscensusminorOthersAscensus provides 401K retirement plan administration services for Wagner Oil Company employees. Referenced under Employee Resources section.
• United HealthcareminorOthersUnited Healthcare provides employee health insurance benefits for Wagner Oil Company employees. Referenced under Employee Resources section.

Scale indicators2 records

Direct peers

• SM Energy: Mid-cap independent E&P with operated positions in the Permian Basin and South Texas Eagle Ford. Closest size and geographic comparable to Wagner among public peers, operating in two of Wagner's core states.
• Black Stone Minerals: Largest publicly traded mineral and royalty owner in the US with acreage across the Permian, Eagle Ford, Bakken, Haynesville, and Mid-Continent. Closest pure-play comparable to Wagner's royalty and mineral-rights management function.
• Northern Oil and Gas: Non-operating working interest and mineral owner with diversified exposure across US basins including the Permian, Williston, and Mid-Continent. Comparable to Wagner's non-operated and royalty strategies, particularly in overlapping Permian and Mid-Content positions.
• Murphy Oil: Independent E&P with onshore US operations in Louisiana and Texas, plus offshore and international assets. Direct overlap with Wagner's Louisiana and Texas footprint, though Murphy is meaningfully larger and more diversified.
• Continental Resources: Independent E&P focused on the SCOOP/STACK and Bakken plays in Oklahoma and the Powder River Basin. Operates in two of Wagner's core states (OK and the broader Mid-Continent) with similar founder-influenced culture and value-driven acquisition style.
• Sitio Royalties Corp: Public mineral and royalty company with concentrated acreage in the Permian and other major US basins. Comparable business model to the non-operated/royalty portion of Wagner's portfolio.

Broad incumbents

• EOG Resources: Large-cap independent E&P with multi-basin US operations including the Permian, Eagle Ford, and Bakken. Comparable as a major operator in the same US basins where Wagner holds acreage, though at vastly larger scale.
• Devon Energy: Independent E&P with significant Permian, Eagle Ford, Anadarko, and Bakken exposure. Operates in the same Texas, Oklahoma, and New Mexico basins as Wagner, with both operated and non-operated strategies.
• ConocoPhillips: Large independent E&P with major Lower 48 positions including the Permian, Eagle Ford, and Bakken. Operates in three of Wagner's core states and competes for similar non-operated and acquisition opportunities.
• Diamondback Energy: Permian Basin-focused independent E&P (now part of ExxonMobil) with operated and non-operated positions across the Delaware and Midland sub-basins. Operates directly in Wagner's core Texas/New Mexico footprint.

Market position

Strengths4 records

Weaknesses4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/wagner-oil-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

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 Wagner Oil Company