Citation Oil & Gas Corp

What Citation Oil & Gas Corp does

Citation Oil & Gas Corp is a privately held, Houston-headquartered independent upstream oil and gas company founded in 1981 that engages in the acquisition, development, and production of hydrocarbons. Its operations are concentrated in Oklahoma, where it manages conventional, mature oil field assets typical of a small-to-mid independent producer. The company employs 251-500 people and operates without publicly disclosed pricing, revenue, or financial metrics.

The company's business model follows the standard upstream E&P template: acquire and develop leasehold interests, produce crude oil and associated products, and sell into commodity markets under negotiated or posted-price contracts. There is no evidence of downstream integration, midstream ownership, marketing differentiation, or branded retail activity; the value proposition rests on operational execution in mature fields rather than technology, customer relationships, or product innovation.

No technology stack, proprietary platform, or product roadmap is disclosed in the available sources. The most material signal in the public record is regulatory and environmental: over 150 wastewater purge incidents in Oklahoma over a five-year period culminated in Governor Kevin Stitt declaring a state of emergency in October 2024, including a reported incident that killed two dozen cattle near Fort Cobb Lake. This environmental profile is the defining characteristic of the company in the current data set and represents both the primary operational risk and the most likely driver of any forthcoming strategic action.

Name

Citation Oil & Gas Corp

Legal name

Citation Oil and Gas Corp

Website

https://cogc.com

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

251–500 employees

Short description

Citation Oil & Gas Corp is a privately held Houston-based independent upstream oil and gas company, founded in 1981, that acquires, develops, and produces hydrocarbons from conventional fields primarily in Oklahoma.

Ownership category

akta.pro rank

Product category

Upstream Oil & Gas Production

NAICS

Oil and Gas Extraction (211), Crude Petroleum Extraction (21112), Natural Gas Extraction (21113), Oil and Gas Extraction (2111)

SIC

Crude Petroleum & Natural Gas (1311), Oil & Gas Field Services, Nec (1389), Drilling Oil & Gas Wells (1381)

akta.pro primary industry

Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF)

akta.pro secondary industries

Drilling & Well Construction (E&P Operator-led) (EUALAAAD), Well Completions & Stimulation (Hydraulic Fracturing, Sand Control) (EUALAAAE)

Keywords

• Oil and gas production
• Upstream oil development
• Crude oil acquisition
• Hydrocarbon exploration
• Oilfield operations

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Others

Core offering

Citation Oil & Gas Corp engages in oil and gas acquisition, development, and production. The company operates upstream assets primarily in Oklahoma, producing crude oil and natural gas from acquired and developed oilfield properties. Its operating footprint includes produced-water handling activities tied to ongoing production operations.

Differentiator

Problem solved

Functional benefit

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves1 record

Expansion highlights3 records

Direct peers

• Civitas Resources: Civitas is a mid-size independent E&P focused on U.S. onshore acquisition and development, with comparable scale and integrated upstream model to Citation.
• Hilcorp Energy: Hilcorp is the largest private U.S. independent E&P, focused on acquiring and optimizing mature oil and gas fields — closely mirroring Citation's acquisition, development, and production model. Comparable private status, mid-size organization, and focus on legacy onshore assets make it the most directly comparable peer.
• SandRidge Energy: SandRidge is an independent E&P historically concentrated in Oklahoma and focused on mature conventional fields — overlapping directly with Citation's Oklahoma operating footprint and acquisition-driven model.
• Murphy Oil Corporation: Murphy Oil is a mid-size independent E&P operator engaged in upstream acquisition, development, and production, comparable in scale and integrated model to Citation.
• Apache Corporation: Apache is a U.S. independent E&P with a legacy of operating mature onshore fields and acquiring producing properties — directly comparable in business model and asset profile to Citation.
• Continental Resources: Continental Resources is an independent operator focused on U.S. onshore oil and gas acquisition, development, and production — overlapping with Citation's stated operating activities.
• Linn Energy: Linn Energy historically operated as a U.S. independent focused on mature, long-life oil and gas properties via acquisition — closely aligned with Citation's acquisition-and-development mandate, though smaller in current footprint.

Broad incumbents

• EOG Resources: EOG is a large-cap independent U.S. E&P with significant acquisition, development, and production activity across multiple basins. It serves as a broad incumbent benchmark for the upstream model Citation pursues, though at meaningfully larger scale.
• Devon Energy: Devon is a large-cap independent E&P engaged in acquisition, development, and production of U.S. onshore hydrocarbons, providing a broad-incumbent comparison point for Citation's operating model and asset class.
• Chesapeake Energy (Expand Energy): Chesapeake / Expand Energy is a large U.S. independent E&P with material acquisition, development, and production activity. It functions as a broad-incumbent comparable for Citation's upstream operating profile.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key highlights4 records

Customer concentration

• Facebookfacebook.com/Citation-Oil-Gas-163800303647995

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 Citation Oil & Gas Corp