Elevation Resources
- Company typePrivate
- Founded2013
- HeadquartersMidland, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
Elevation Resources firmographics
Firmographics- Name
- Elevation Resources
- Legal name
- Elevation Resources LLC
- Website
- https://elevationres.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Elevation Resources industry classification
Industry- Product category
- Oil and Gas Exploration & Production
- NAICS
- Oil and Gas Extraction (2111), Oil and Gas Extraction (211), Crude Petroleum Extraction (211120)
- SIC
- Crude Petroleum & Natural Gas (1311), Drilling Oil & Gas Wells (1381)
- akta.pro primary industry
- Drilling & Well Construction (E&P Operator-led) (EUALAAAD)
- akta.pro secondary industries
- Unconventional Resources Development (Shale/Tight, CBM) (EUALAAAH), Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF), Well Completions & Stimulation (Hydraulic Fracturing, Sand Control) (EUALAAAE)
Keywords
Where Elevation Resources is headquartered
LocationHeadquarters
- HQ city
- Midland
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Elevation Resources business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure
Revenue model
- Oil and Gas Production: Exploration and production of crude oil and associated natural gas from the Permian Basin. Revenue generated from the sale of crude oil and natural gas commodities at market prices.
Elevation Resources product offering
Product offeringCore offering
Elevation Resources is a Permian Basin focused exploration and production company that develops crude oil and associated natural gas from operations in Andrews County on the Central Basin Platform. The company employs horizontal drilling and multi-stage hydraulic fracturing to develop both conventional and unconventional reservoirs that are overlooked by competitors, selling the produced crude oil and natural gas into commodity markets.
Product overview
Elevation Resources LLC is a Permian Basin focused oil and gas exploration and production company with operations in Andrews County on the Central Basin Platform. The company's core offering is crude oil and natural gas production, employing horizontal drilling and multi-stage hydraulic fracturing techniques in both conventional and unconventional reservoirs. As an E&P company, their business model centers on finding, developing, and producing hydrocarbon reserves rather than offering software products or technology platforms.
Differentiator
Problem solved
Functional benefit
Products and services
- Oil and Gas Exploration and Production Upstream exploration and production of crude oil and associated natural gas in the Permian Basin, with operations in Andrews County on the Central Basin Platform, employing horizontal drilling and multi-stage hydraulic fracturing across conventional and unconventional reservoirs. The produced crude oil and natural gas are sold at prevailing market prices into established commodity markets and direct offtake agreements with purchasers, typical of upstream E&P operators.
Companies that use Elevation Resources
Customer profileIdeal customer profiles1 record
Elevation Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Elevation Resources partnerships and signals
Strategic signalScale indicators1 record
Recent moves6 records
Expansion highlights3 records
Elevation Resources competitors and assessment
Company assessmentBroad incumbents
- ConocoPhillips: Major Permian Basin operator following its acquisition of Concho Resources, where Elevation's CEO previously worked. Operates a much larger and more diversified upstream portfolio but directly competes for Permian acreage and offtake.
- ExxonMobil (Permian operations): Largest Permian operator following its acquisition of Pioneer Natural Resources. Operates at vastly greater scale and capital depth across the same Central Basin Platform / Midland Basin area.
- Devon Energy: Large-cap Permian-focused independent with material Central Basin Platform and Delaware Basin acreage. Comparable in technical approach (horizontal + multi-stage frac) but operates a larger, more diversified portfolio.
- EOG Resources: Major U.S. independent with significant Permian Delaware Basin operations and a track record of applying horizontal drilling across multiple unconventional targets — directly analogous technical strategy to Elevation's.
- Coterra Energy: Independent with Permian Basin (and Marcellus) operations combining legacy Cabot Oil & Gas and Cimarex assets. Competes for the same type of conventional-plus-unconventional Permian development opportunities.
Direct peers
- Diamondback Energy: Pure-play Permian Basin independent focused on the Midland Basin and Central Basin Platform. Closely comparable in operating model — horizontal drilling and completions across stacked Permian pays — though at meaningfully larger scale.
- SM Energy: Mid-cap U.S. independent with concentrated Permian Midland Basin and South Texas operations. Closely comparable in size, basin focus, and horizontal drilling/completion-driven business model.
- Centennial Resource Development: Permian Basin pure-play independent focused on the Delaware Basin, acquired by Permian operator Colgate. Historically competed head-to-head with Elevation's niche strategy of horizontal development of stacked pays.
- Callon Petroleum: Permian-focused independent with operations in both the Delaware and Midland Basins. Closely comparable business model focused on horizontal drilling and completions across multiple stacked Permian targets.
- Laredo Petroleum: Permian Basin-focused independent with concentrated acreage in the Midland Basin and Central Basin Platform area. Highly comparable in scale, asset focus, and unconventional-development approach.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights5 records
Customer concentration
Elevation Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Elevation Resources leadership team
Management profileNumber of profiles
Profiles3 records
Elevation Resources funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Elevation 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 Elevation Resources
What does Elevation Resources do?
Elevation Resources is a Permian Basin focused exploration and production company that develops crude oil and associated natural gas from operations in Andrews County on the Central Basin Platform. The company employs horizontal drilling and multi-stage hydraulic fracturing to develop both conventional and unconventional reservoirs that are overlooked by competitors, selling the produced crude oil and natural gas into commodity markets.
Is Elevation Resources a public or private company?
Elevation Resources is a private company. It is classified as private equity controlled and is currently operating.
When was Elevation Resources founded?
Elevation Resources was founded in 2013. It employs 11 to 50 people.
Where is Elevation Resources based?
Elevation Resources is headquartered in Midland, United States, in the North America region.
How does Elevation Resources make money?
One revenue line is on record: oil and Gas Production.
Who are Elevation Resources's main competitors?
Broad incumbents on record are ConocoPhillips, ExxonMobil (Permian operations), Devon Energy, EOG Resources and Coterra Energy. Direct peers are Diamondback Energy, SM Energy, Centennial Resource Development, Callon Petroleum and Laredo Petroleum.
Does Elevation Resources have an API?
No public API is recorded for Elevation Resources.
What industry is Elevation Resources in?
Elevation Resources's product category is Oil and Gas Exploration & Production. Its primary akta.pro industry code is EUALAAAD, Drilling & Well Construction (E&P Operator-led), with a secondary code of EUALAAAH, Unconventional Resources Development (Shale/Tight, CBM). Its NAICS code is 2111 and its SIC code is 1311.