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Perpetual Energy

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uuid000fm3l

Namestring
Perpetual Energy
Legal namestring
Perpetual Energy Inc.
Company typeenum
Private
Founded yearint
2010
Short descriptiontext

Calgary-based private oil and gas company founded in 2010, engaged in finding, producing, and marketing hydrocarbons, with 251–500 employees under founder-led Riddell-family executive leadership.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersCalgary, Canada
HQ citystring
Calgary
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
upstream oil and gas, hydrocarbon exploration, energy production, natural gas marketing, crude oil production
SIC code2 codes
  • Crude Petroleum & Natural Gas1311
  • Oil & Gas Field Exploration Services1382
Product category
Upstream Oil and Gas Production
Social media profiles1 record
Cost components6 values
Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Perpetual Energy Inc. is a privately held Calgary-based upstream energy company engaged in finding, exploiting, producing, and marketing oil and gas-based energy. Its fundamental activity is exploration and production of crude oil and natural gas, with subsequent sale into energy markets. The company operates with 251–500 employees and was founded in 2010.

Differentiator
Functional benefit
Problem solved
Product and service1 record
1Upstream oil and gas exploration and production
CategoryUpstream Oil and Gas
Description

End-to-end upstream activity of finding, exploiting, producing, and marketing oil and gas-based energy for wholesale commodity buyers.

No data
Peers10 records
TypeDirect peer
Description

Calgary-based intermediate oil and gas producer focused on liquids-rich conventional assets across Western Canada. Comparable in business model, geography, and upstream-only focus.

TypeDirect peer
Description

Western Canadian conventional upstream producer headquartered in Calgary, focused on liquids-rich Montney and Deep Basin plays. Comparable as a Calgary-based E&P with similar upstream value chain.

TypeDirect peer
Description

Calgary-based upstream oil and gas exploration and production company with a diversified Alberta asset base. Closely comparable given the Riddell-family founding lineage and overlapping conventional E&P strategy in Western Canada.

TypeDirect peer
Description

Calgary-based intermediate oil producer focused on low-decline conventional heavy oil assets in Alberta and Saskatchewan. Comparable in scale, business model, and Canadian E&P operations.

TypeBroad incumbent
Description

Major Canadian integrated oil and gas producer headquartered in Calgary. Comparable as a broad incumbent in the same upstream space with overlapping conventional and oil sands operations, though materially larger and vertically integrated downstream.

TypeDirect peer
Description

Calgary-headquartered oil and gas producer with heavy oil and light oil assets across Western Canada. Comparable in scale, upstream focus, and Canadian regulatory exposure.

TypeDirect peer
Description

Large Canadian conventional and unconventional E&P operator headquartered in Calgary, focused on light and medium crude production. Directly comparable as a Western Canada upstream producer serving similar offtake markets.

TypeDirect peer
Description

Calgary-based international oil and gas producer with significant Western Canadian operations. Comparable in upstream focus, Calgary headquarters, and conventional asset base.

TypeDirect peer
Description

Calgary-based intermediate natural gas producer focused on Deep Basin and Alberta assets. Comparable as a Canadian upstream operator with similar exploration, development, and production model.

TypeDirect peer
Description

Major Canadian natural gas and liquids producer based in Calgary with operations across Alberta and BC. Comparable as a large-scale Canadian upstream operator with similar exploration, development, and marketing activities.

Market position
Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Perpetual Energy

Upstream Oil and Gas Productionperpetualenergyinc.com

Calgary-based private oil and gas company founded in 2010, engaged in finding, producing, and marketing hydrocarbons, with 251–500 employees under founder-led Riddell-family executive leadership.

Perpetual Energy firmographics

Firmographics
Name
Perpetual Energy
Legal name
Perpetual Energy Inc.
Website
https://perpetualenergyinc.com
Company type
Private
Founded year
2010
Operating status
Operating
Headcount range
251–500 employees
Short description
Calgary-based private oil and gas company founded in 2010, engaged in finding, producing, and marketing hydrocarbons, with 251–500 employees under founder-led Riddell-family executive leadership.
Ownership category
akta.pro rank

Where Perpetual Energy is headquartered

Location

Headquarters

HQ city
Calgary
HQ country
Canada
HQ region
North America

Markets served

Perpetual Energy business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Perpetual Energy product offering

Product offering

Core offering

Perpetual Energy Inc. is a privately held Calgary-based upstream energy company engaged in finding, exploiting, producing, and marketing oil and gas-based energy. Its fundamental activity is exploration and production of crude oil and natural gas, with subsequent sale into energy markets. The company operates with 251–500 employees and was founded in 2010.

Differentiator

Problem solved

Functional benefit

Products and services

  • Upstream oil and gas exploration and production End-to-end upstream activity of finding, exploiting, producing, and marketing oil and gas-based energy for wholesale commodity buyers.

Companies that use Perpetual Energy

Customer profile

Ideal customer profiles1 record

Perpetual Energy technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Perpetual Energy competitors and assessment

Company assessment

Direct peers

  • Whitecap Resources: Calgary-based intermediate oil and gas producer focused on liquids-rich conventional assets across Western Canada. Comparable in business model, geography, and upstream-only focus.
  • ARC Resources: Western Canadian conventional upstream producer headquartered in Calgary, focused on liquids-rich Montney and Deep Basin plays. Comparable as a Calgary-based E&P with similar upstream value chain.
  • Paramount Resources: Calgary-based upstream oil and gas exploration and production company with a diversified Alberta asset base. Closely comparable given the Riddell-family founding lineage and overlapping conventional E&P strategy in Western Canada.
  • Cardinal Energy: Calgary-based intermediate oil producer focused on low-decline conventional heavy oil assets in Alberta and Saskatchewan. Comparable in scale, business model, and Canadian E&P operations.
  • Baytex Energy: Calgary-headquartered oil and gas producer with heavy oil and light oil assets across Western Canada. Comparable in scale, upstream focus, and Canadian regulatory exposure.
  • Crescent Point Energy: Large Canadian conventional and unconventional E&P operator headquartered in Calgary, focused on light and medium crude production. Directly comparable as a Western Canada upstream producer serving similar offtake markets.
  • Vermilion Energy: Calgary-based international oil and gas producer with significant Western Canadian operations. Comparable in upstream focus, Calgary headquarters, and conventional asset base.
  • Peyto Exploration & Development: Calgary-based intermediate natural gas producer focused on Deep Basin and Alberta assets. Comparable as a Canadian upstream operator with similar exploration, development, and production model.
  • Tourmaline Oil: Major Canadian natural gas and liquids producer based in Calgary with operations across Alberta and BC. Comparable as a large-scale Canadian upstream operator with similar exploration, development, and marketing activities.

Broad incumbents

  • Cenovus Energy: Major Canadian integrated oil and gas producer headquartered in Calgary. Comparable as a broad incumbent in the same upstream space with overlapping conventional and oil sands operations, though materially larger and vertically integrated downstream.

Market position

Customer concentration

Perpetual Energy social profiles

Digital presence

Perpetual Energy financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Perpetual Energy leadership team

Management profile

Number of profiles

Profiles3 records

Perpetual Energy funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Perpetual Energy M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Perpetual Energy

What does Perpetual Energy do?

Perpetual Energy Inc. is a privately held Calgary-based upstream energy company engaged in finding, exploiting, producing, and marketing oil and gas-based energy. Its fundamental activity is exploration and production of crude oil and natural gas, with subsequent sale into energy markets. The company operates with 251–500 employees and was founded in 2010.

When was Perpetual Energy founded?

Perpetual Energy was founded in 2010. It employs 251 to 500 people.

Where is Perpetual Energy based?

Perpetual Energy is headquartered in Calgary, Canada, in the North America region.

Who are Perpetual Energy's main competitors?

Direct peers on record are Whitecap Resources, ARC Resources, Paramount Resources, Cardinal Energy, Baytex Energy, Crescent Point Energy, Vermilion Energy, Peyto Exploration & Development and Tourmaline Oil. Cenovus Energy is listed as a broad incumbent.

Does Perpetual Energy have an API?

No public API is recorded for Perpetual Energy.

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QubeiotQube Selected for NGIF Emissions Testing Centre Validation<brQube Technologies has been selected to participate in the NGIF Emissions Testing Centre program to validate its continuous emissions monitoring technology. The validation process involves simulation testing at the University of Calgary and field testing at a Tourmaline Oil/Perpetual Energy gas plant in Canada. This initiative aims to demonstrate low-cost cleantech alternatives for methane emission detection in the natural gas industry.PR NewswirePerpetual Energy Inc. Announces Election of DirectorsPerpetual Energy Inc. announced that all seven director nominees proposed by management were elected at its annual meeting of shareholders held on May 16, 2018 in Calgary, Alberta. Each nominee received overwhelming support, with approval ratings ranging from 93.77% to 94.36%. The elected directors include Clayton H. Riddell, Susan L. Riddell Rose, Robert A. Maitland, Geoffrey C. Merritt, Donald J. Nelson, Ryan A. Shay, and Howard R. Ward.PR NewswirePerpetual Energy Inc. Announces $10 Million Non-Core Asset SalePerpetual Energy Inc. has closed the sale of non-core royalty interests in eastern Alberta for gross proceeds of $10.0 million, with the transaction effective as of May 1, 2018. The company intends to use these funds to reduce the outstanding balance of its reserve-based credit facility. This move follows the earlier sale of undeveloped oil sands leases in northeast Alberta and aims to optimize the company's liquidity position.PR NewswirePerpetual Energy Inc. Releases First Quarter 2018 Financial and Operating ResultsPerpetual Energy Inc. released its first quarter 2018 financial and operating results, reporting cash flow from operating activities of $11.2 million compared to cash flow used in operating activities of $2.3 million in the prior year period. Production increased 56% year-over-year to 12,742 boe/d, while adjusted funds flow rose 78% to $9.1 million, driven by the East Edson drilling program and lower cash costs per boe. The company lowered its 2018 capital expenditure guidance to $21-25 million from $23-27 million and revised 2018 production guidance down to 10,500-11,000 boe/d from 11,500 boe/d due to lower natural gas prices and production impacts from freeze-offs.PR NewswirePerpetual Energy Inc. Reports Strong Fourth Quarter and Year-End 2017 Financial and Operating ResultsPerpetual Energy Inc. reported strong fourth quarter and full-year 2017 results, with Q4 adjusted funds flow of $12.5 million (up 277% year-over-year) and annual adjusted funds flow of $31.1 million compared to $0.9 million in 2016, driven by 45% production growth in Q4 and effective cost management following the 2016 Shallow Gas Properties disposition. The company achieved a credit rating upgrade from S&P, expanded its bank syndicate to three lenders, and completed its West Wolf Lake facility expansion ahead of schedule while also revising its 2018 capital plan to reduce spending by 32% and shift investment toward heavy oil development at Mannville.PR NewswirePerpetual Announces 2017 Exit Rate Growth of 54% and Provides Operations Update, Reports Year-End Reserves Replacing 248% of Production and Revises 2018 Capital Plan and OutlookPerpetual Energy Inc. announced year-end 2017 production exit rate of 12,300 boe/d, representing 54% year-over-year growth, with $19.0 million invested in Q4 2017 exploration and development activities. The company replaced 248% of annual production with proved plus probable reserves, growing total proved plus probable reserves 9% to 66.6 MMboe, while reducing finding and development costs to $6.16/boe and achieving a 2.4:1 FD&A recycle ratio. The Board approved a revised 2018 capital plan of $23-27 million, a 30% reduction from the November 2017 plan, to defer East Edson natural gas development and reallocate capital to heavy oil prospects at Mannville amid weaker AECO natural gas prices.PR NewswirePerpetual Energy Inc. Announces Voluntary Delisting from OTCQXPerpetual Energy Inc. announced the voluntary delisting of its common shares from the OTCQX marketplace, effective December 29, 2017, while maintaining its listing on the Toronto Stock Exchange under the symbol "PMT". The company stated it decided to delist from the US over-the-counter market to increase trading volume of its shares on the TSX. The delisting does not affect the company's operations or its oil and natural gas exploration and production activities in Alberta.PR NewswirePerpetual Energy Inc. Releases Second Quarter 2017 Financial and Operating ResultsPerpetual Energy Inc. reported its second quarter 2017 financial results, highlighting a 13% increase in average production to 9,223 boe/d and a significant improvement in operating netbacks to $12.42/boe driven by higher commodity prices and cost efficiencies. The company achieved adjusted funds flow of $5.2 million despite recording a net loss of $7.2 million due to non-cash items, while actively reducing debt through the repayment of senior notes and doubling its credit facility capacity.PR NewswirePerpetual Announces Increase to Credit FacilitiesPerpetual Energy Inc. has entered into a new reserve-based credit facility that doubles its borrowing capacity to $40 million from $20 million, with the maturity extended to May 31, 2019 from October 31, 2017. The increase was driven by improved funds flow performance from high-graded operations and strong drilling results at the East Edson focus area, coupled with 2017 financing initiatives and early repayment of senior notes due March 2018. The company also arranged refinancing for $36.5 million in margin loans secured by its Tourmaline Oil Corp shares through an approximately $18 million replacement term loan.PR NewswirePerpetual Energy Inc. Announces Election of DirectorsPerpetual Energy Inc. announced that all eight director nominees were elected at its annual shareholders' meeting in Calgary, Alberta on May 24, 2017, with each receiving approximately 99% support from votes cast. The company also appointed Mark Schweitzer as Vice President, Finance and Chief Financial Officer, succeeding the prior CFO. Schweitzer brings 25 years of finance and capital markets experience from prior roles at Norcen Energy, Superior Plus, CE Franklin, and most recently Grizzly Oil Sands.