Lario

What Lario does

Lario Oil & Gas Company is a privately held, family-owned (O'Shaughnessy) oil and gas exploration and production company founded in 1927 and headquartered in Denver, Colorado. The company operates a diversified multi-basin portfolio spanning the Permian Basin (Midland Basin and Central Basin Platform, targeting Wolfcamp, Spraberry, and Jo Mill), the Williston Basin (Bakken and Three Forks in Mountrail County, North Dakota), and Mid-Continent assets across Kansas and Oklahoma. Its core product is the exploration, drilling, and production of oil and gas, executed using horizontal drilling technology across multiple stacked shale benches plus conventional and waterflood operations; notable scale markers include over 1,000 Bakken/Three Forks horizontal wells participated in, over 150 horizontals drilled in the Midland Basin, 130+ operated wells in western Kansas, and 60+ in south central Kansas, supported by a ~75,000 gross acre western Kansas position.

Lario makes money by selling produced crude oil and natural gas into commodity markets via pipelines and trucks to refineries, petroleum marketers, and pipeline companies; pricing is not publicly disclosed and is driven by prevailing commodity benchmarks rather than contracted rates. Its go-to-market is sales-led B2B, with field offices in Kansas, Oklahoma, Texas, and Colorado plus a Calgary (Canada) office, and a dedicated Owner Relations team that manages relationships with mineral rights owners and interest holders. The company has executed a deliberate capital recycling strategy, divesting over $500 million of non-core properties across the Powder River Basin, D.J. Basin, California, and Canada since 2015 and redeploying proceeds into higher rate-of-return Permian and Williston projects. Ownership remains entirely with the founding family — no venture capital, private equity, or institutional investment is indicated — and the business is self-funded through operating cash flow and asset monetization.

Name

Lario

Legal name

Lario Oil & Gas Company

Website

https://lariooil.com

Company type

Private

Founded year

1927

Operating status

Operating

Headcount range

51–100 employees

Short description

Lario Oil & Gas Company is a privately held, family-owned oil and gas exploration and production company founded in 1927, operating a multi-basin portfolio across the Permian, Williston, and Mid-Continent regions using horizontal drilling and selling produced hydrocarbons to commodity markets.

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration & Production

NAICS

Oil and Gas Extraction (2111), Crude Petroleum Extraction (211120), Natural Gas Extraction (21113), Drilling Oil and Gas Wells (213111)

SIC

Crude Petroleum & Natural Gas (1311), Drilling Oil & Gas Wells (1381), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Unconventional Resources Development (Shale/Tight, CBM) (EUALAAAH)

Keywords

• Oil and gas exploration
• Upstream production
• Horizontal drilling
• Shale development
• Mineral rights operations

Headquarters

HQ city

Wichita

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Oil and Gas Production Revenue: Revenue generated from the sale of oil and natural gas produced from operated and non-operated wells across their portfolio of properties in the Williston Basin, Permian Basin, and Mid-Continent regions

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Lario Oil & Gas Company is a privately held exploration and production (E&P) company that identifies, acquires, drills, and operates oil and gas properties across multiple U.S. basins. Its core operations involve conventional and unconventional reserve development—primarily horizontal drilling in stacked shale plays such as the Bakken, Three Forks, Wolfcamp, Spraberry, Jo Mill, and Niobrara—along with waterflood and conventional field programs in Kansas and Oklahoma. The company monetizes produced crude oil and natural gas by selling to refineries, marketers, and pipeline operators.

Product overview

Lario Oil & Gas Company is a vertically integrated oil and gas exploration and production company founded in 1927. The company operates a diversified portfolio of assets across multiple U.S. basins, including the Permian Basin (Midland Basin and Central Basin Platform), Williston Basin (Bakken/Three Forks), and Kansas/Oklahoma regions. The core offering is its exploration and production business, which is organized into distinct regional asset groups: Bakken/Three Forks Assets in North Dakota, Permian Basin Operations in Texas, Western Kansas Development Program, South Central Kansas Operations, and Oklahoma Legacy Oil Assets. The company has divested over $500 million worth of properties and reinvested proceeds into higher-return projects, with current drilling focused on the Wolfcamp and Spraberry formations using two horizontal rigs.

Differentiator

Problem solved

Functional benefit

Products and services

• Oil and Gas Exploration & Production Core exploration, drilling, and production operations targeting oil and gas reserves across the Permian, Williston, and Mid-Continent regions for sale to refineries, marketers, and pipeline companies.
• Bakken/Three Forks Williston Basin Assets Oil and gas asset program in the Williston Basin, North Dakota, focused on the Bakken and Three Forks formations; includes participation in over 1,000 horizontal wells with remaining drilling inventory.
• Permian Basin Operations Midland Basin and Central Basin Platform program targeting Wolfcamp, Spraberry, and Jo Mill unconventional formations; currently operating with two horizontal rigs and over 150 horizontal wells drilled in the Midland Basin.
• Western Kansas Development Program Development program across a 75,000 gross acre position in western Kansas targeting Lansing/Kansas City formations, supported by field offices in Scott City, Garden City, and Holcomb.
• South Central Kansas Operations Oil and gas production operations in south central Kansas with over 60 operated producing wells, supported by field offices in Murdock and Holcomb, KS.
• Oklahoma Legacy Oil Assets Long-standing oil assets in Oklahoma representing decades of legacy operations, with field offices in Pauls Valley, OK, focused on continued strategic opportunity pursuit.

Quantifiable outcome

• Over 1,000 Bakken/Three Forks horizontal wells participated in since company inception
• +2 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature1 record

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• EOG Resources: EOG is one of the largest US independent E&P companies with major positions across multiple shale basins including the Permian, Bakken, and Eagle Ford. While much larger in scale, EOG shares Lario's strategy of multi-basin unconventional development and rate-of-return-driven capital allocation.
• ConocoPhillips: ConocoPhillips is a major US independent E&P with significant Lower 48 unconventional positions including Permian and Bakken. Like Lario, ConocoPhillips emphasizes long-cycle development and counter-cyclical acquisition strategy, though at substantially greater scale.

Direct peers

• Continental Resources: Continental is a leading Bakken/Three Forks operator in the Williston Basin with significant stacked-pay acreage, directly comparable to Lario's 1,000+ well participation history in the same formation. Both companies emphasize long-held core acreage positions and unconventional development.
• Devon Energy: Devon is a major Permian Basin operator with significant Midland Basin acreage and stack-pay potential across Wolfcamp, Spraberry, and Bone Spring, directly comparable to Lario's Permian operations. Both companies have historically pursued counter-cyclical M&A and capital discipline.
• Diamondback Energy: Diamondback is a pure-play Permian Basin operator concentrated in the Midland Basin sub-basin, the same core area where Lario runs two horizontal rigs and has drilled 150+ horizontal wells. Strong comparison for Permian-focused development strategy.
• Hess Corporation: Hess is a Bakken-focused E&P with significant acreage in the Williston Basin, comparable to Lario's Bakken/Three Forks participation. Both operators have emphasized long-life unconventional inventory in the core of the basin.
• Coterra Energy: Coterra is a multi-basin US E&P with significant Permian Basin and natural gas assets, comparable to Lario's diversified Permian, Bakken, and Mid-Continent portfolio. Both companies emphasize disciplined capital allocation across basin segments.
• Murphy Oil: Murphy Oil is a smaller diversified E&P with US onshore operations including Permian and Eagle Ford positions, comparable in relative scale to Lario's privately-held, multi-basin strategy. Similar emphasis on rate-of-return driven development.
• Range Resources: Range Resources is an unconventional E&P focused on stacked-pay development in the Marcellus and Utica shales, with similar horizontal drilling expertise to Lario's multi-bench unconventional operations. Both companies leverage stacked-pay concepts across shale windows.
• Whiting Petroleum: Whiting (now reorganized under Chord Energy/Perpetual Energy) historically focused on Bakken/Three Forks and Red Wing development in the Williston Basin, directly comparable to Lario's core Williston position. Both emphasized horizontal drilling across stacked Williston benches.

Market position

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Lario