Liberty Resources

What Liberty Resources does

Liberty Resources is a Denver-based private upstream oil and gas company organized as a series of LLC entities (LRI 2010-2013, LRII 2014-2024, LRIII founded 2025) that acquires unconventional onshore acreage, develops it using proprietary completion techniques — most notably a slickwater fracturing technology that the company states delivered the highest per-well productivity in the Central Basin area of the Williston Basin — and divests the de-risked assets to larger operators or private equity funds. Across its two completed cycles, the company acquired approximately 147,000 net acres in the Bakken and Powder River Basin, drilled and completed over 200 wells, grew production from zero to more than 20,000 boepd at peak, and built a 90-mile midstream gathering system with 30 MMscfd of gas processing and 60,000 bwpd of water disposal capacity before selling its Bakken and midstream assets to Silver Hill Energy Partners in March 2024.

The business model is fundamentally an "acquire-develop-divest" sponsor-style operation rather than a long-term hold producer. Revenue is generated from two streams: (1) production sales of oil, gas, and NGLs at market prices from operated wells, and (2) one-time proceeds from asset divestitures to larger publicly traded operators or private equity funds. The company also distributes royalty payments to mineral interest owners and maintains dedicated owner relations infrastructure (including EnergyLink integration for owner payments). Customer segments have historically been commodity offtake markets plus asset acquirers; the newly formed Liberty Resources III is repositioning the customer thesis toward LNG facilities on the Gulf Coast and natural-gas-fired electricity demand from AI and data center operators.

Liberty Resources III, founded in 2025, currently has no disclosed producing assets or acreage, and its go-to-market motion will depend on executing new acreage acquisitions in gas-prone plays targeting LNG and data center demand. The company operates with 11-50 employees from its Denver headquarters (1200 17th Street, Suite 990) with operational support historically based in Williston, North Dakota. The leadership team is led by President & CEO C. Mark Pearson, a Camborne School of Mines and Harvard Business School alumnus and author of over 50 industry technical papers, alongside a CFO and VP-level engineering and geoscience executives with prior tenures at BP, Occidental Petroleum, BKV Corporation, Carbo Ceramics, and Repsol/CNOOC.

Name

Liberty Resources

Legal name

Liberty Resources LLC

Website

https://libertyresourcesllc.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Liberty Resources is a Denver-based private oil and gas company that acquires unconventional onshore acreage, develops it using proprietary slickwater fracturing technology, and divests de-risked assets to larger operators. The newly formed Liberty Resources III targets natural gas supply for Gulf Coast LNG facilities and AI/data center electricity demand.

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration and Production

NAICS

Oil and Gas Extraction (211), Natural Gas Extraction (211130)

SIC

Drilling Oil & Gas Wells (1381), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Unconventional Gas E&P (Shale/Tight Gas) (EUAAAAAC)

akta.pro secondary industries

Well Completion & Stimulation (Hydraulic Fracturing, Sand Control) (EUAAAAAJ), Mineral Rights, Leasing & Land Management (EUALAAAB)

Keywords

• Oil and gas exploration
• Unconventional reservoir development
• Hydraulic fracturing services
• Upstream energy production
• Natural gas development

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Oil and Gas Production Sales: Liberty Resources generates revenue through the production and sale of oil, gas, and related petroleum products from developed acreage. Revenue is derived from the sale of production volumes at market prices.
2. Asset Divestitures: The company grows production and operational scale before divesting assets to larger publicly traded companies or private equity funds, generating significant returns for investors through asset sales.
3. Royalty Payments to Mineral Owners: Revenue distribution to royalty/mineral owners based on their proportionate share of production from operated wells. Payments include deductions for extraction tax, gathering fees, processing fees, severance tax, and other plant fees.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Liberty Resources is a Denver-based upstream oil and gas company that acquires acreage and develops unconventional oil and gas reservoirs onshore USA. The company applies proprietary slickwater fracturing and advanced completion/stimulation designs to maximize production and economic recovery, then scales production before divesting assets to larger operators. Through Liberty Resources III (founded 2025), the company is now focused on supplying natural gas to Gulf Coast LNG facilities and gas-fired electricity demand from AI and data centers.

Product overview

Liberty Resources is a Denver-based oil and gas company operating as a portfolio of entities across different operational phases. The company offers unconventional oil and gas reservoir development services, applying proprietary slickwater fracturing technology. The current entity, Liberty Resources III, focuses on natural gas supply for LNG facilities and data center power demands. Previously, the company operated midstream infrastructure including water/gas gathering systems, gas processing facilities, and water disposal facilities through Liberty Midstream Solutions. The company also manages royalty owner relations and payment distributions.

Differentiator

Problem solved

Functional benefit

Brands

• Liberty Resources Bakken Development: Operating company focused on Bakken oil and gas development in North Dakota.
• Liberty Resources Powder River Basin
• Liberty Midstream Solutions

Products and services

• Unconventional Oil and Gas Production (Bakken / Williston Basin) Crude oil, natural gas, and NGL production from unconventional Bakken / Williston Basin acreage developed using proprietary slickwater fracturing technology. Sold to larger publicly traded operators and at market to downstream buyers.
• Unconventional Oil and Gas Production (Powder River Basin) Modern unconventional well development in the Powder River Basin. Production sold to downstream buyers; full asset divested to a private equity fund.
• Midstream Gathering, Gas Processing, and Water Disposal Services (Liberty Midstream Solutions) Midstream services including water and natural gas gathering, gas processing (30 MMscfd), and produced water disposal (60,000 bwpd across four facilities). Provided to upstream operators in the Bakken. Company sold in 2024.
• Conventional Waterflood Production (Glass Bluff Madison Unit)

Quantifiable outcome

• Highest per well productivity in Central Basin area of Williston Basin
• +2 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Scale indicators11 records

Recent moves9 records

Expansion highlights5 records

Emerging players

• BKV Corporation: Smaller independent focused on natural gas production with an ESG/CCUS angle. Comparable as a recent-vintage unconventional gas operator (Liberty's VP Engineering joined from BKV); alignment with Liberty III's gas-for-LNG/power thesis but smaller and earlier-stage.

Direct peers

• Continental Resources: Major independent Bakken-focused E&P and one of the largest Williston Basin operators. Highly comparable as a Bakken-centric unconventional oil and gas producer; Liberty has historically operated as a smaller-scale alternative in the same core basin.
• Hess Corporation: Large-cap independent with a material Bakken/Williston Basin position. Comparable unconventional E&P operator in the same primary basin Liberty has historically developed.
• Chord Energy (formerly Oasis Petroleum): Williston Basin-focused independent formed from Oasis Petroleum merger with Whiting. Closely comparable as a Bakken-anchored operator with similar well economics and divestiture history.
• Silver Hill Energy Partners: Private E&P that acquired Liberty Resources II's Bakken assets and Liberty Midstream Solutions in March 2024. Directly comparable as a Bakken-focused operator of similar vintage and asset base.
• Whiting Petroleum: Bakken-focused independent E&P (now privately held post-restructuring). Directly comparable as a pure-play unconventional operator concentrated in the Williston Basin with a build-and-sell orientation.
• Range Resources: Appalachian natural gas-focused independent with strong LNG/power demand alignment. Comparable as a smaller-cap unconventional gas producer targeting the same structural demand drivers Liberty III has pivoted toward.
• EQT Corporation: Largest U.S. natural gas producer focused on Appalachian/Marcellus shale. Comparable to Liberty's LRIII natural-gas thesis targeting LNG and data center demand, with analogous strategic exposure to Gulf Coast takeaway and gas-fired power growth.

Broad incumbents

• EOG Resources: Large-cap diversified unconventional E&P active across multiple U.S. shale plays. Comparable as a leading unconventional operator with a track record of premium well productivity and capital discipline, though materially larger and more diversified than Liberty.
• Coterra Energy: Diversified independent with material natural gas weighting in the Marcellus and Permian. Comparable as a publicly traded unconventional gas-and-oil producer with relevant LNG-demand exposure via its gas-weighted mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/liberty-resources-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 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 Liberty Resources