Peregrine Oil & Gas

What Peregrine Oil & Gas does

Peregrine Oil & Gas is a privately held oil and gas exploration, development, and production company headquartered in Houston, Texas. The company operates through a Texas limited partnership, Peregrine Oil&Gas LP, under a holding entity, Peregrine Oil & Gas Holdco, LLC, and employs between 11 and 50 people. Its operations are concentrated in the Gulf of Mexico (Central Planning Area, Western Planning Area, and State Waters) with additional onshore US activity. The company was founded in 2010 and built its asset base primarily through Outer Continental Shelf (OCS) lease sales — CPA Sale #235 (2015), CPA Sale #241 (2016), and Region-wide Sale #251 (2018) — acquiring interests in blocks including VR 342, VR 365, VR 128, MC 359/360, EC 359, Ship Shoal 238 (consolidated to 100% by 2018), WD 154, and WC 565.

The company's offerings are organized across four integrated service lines: Prospecting & Acquisition (using seismic technology and re-processing to identify low-risk prospects and acquire equity), Drilling & Exploration (planning, permitting, and implementing drilling operations to test reservoir objectives), Development & Exploitation (coordinating regulatory approvals and infrastructure construction to bring discoveries into production), and Offshore Operations (GOM production activity). Underlying technology is conventional upstream E&P — seismic acquisition and re-processing, drilling and well completion techniques, and offshore infrastructure hookup — with no disclosed AI/ML, digital, or proprietary software components. In 2019, Peregrine filed the first Alternate Use Right of Use and Easement (RUE) with the Bureau of Ocean Energy Management (BOEM) in the Gulf of Mexico, a regulatory first-mover milestone.

The business model is that of a commodity upstream producer: revenue is generated by selling produced crude oil and natural gas at prevailing market prices to refineries and end markets, with no disclosed pricing model, customer agreements, or offtake contracts. The company does not publicly disclose financial metrics, production volumes, or investor identities beyond a website reference to 'Capital Sponsors.' GTM motion is enterprise/relationship-driven, leveraging industry relationships, BOEM interactions, and OCS lease sale participation rather than traditional sales or marketing channels. The company is led by Lawson Fancher (Principal/Co-Founder), with no other named executives disclosed in source materials.

Name

Peregrine Oil & Gas

Legal name

Peregrine Oil&Gas LP

Website

https://peregrineoilandgas.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Peregrine Oil & Gas is a private Houston-based oil and gas exploration, development, and production company focused on Gulf of Mexico and onshore US assets, using seismic re-processing to acquire and develop low-risk upstream hydrocarbon opportunities through to production and sale.

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration & Production

NAICS

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

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

Onshore Natural Gas E&P (Conventional Fields) (EUAAAAAG), Mineral Rights, Leasing & Land Management (EUALAAAB)

Keywords

• Oil and gas exploration
• Offshore drilling operations
• Hydrocarbon exploration production
• Gulf of Mexico development
• Seismic prospect generation

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Oil and Gas Production Revenue: Revenue generated from exploration, development and production drilling operations. Upon commercially proving projects, Peregrine coordinates all regulatory approvals, design, construction, installation and hookup of infrastructure to produce and sell hydrocarbons to return invested capital.

Go-to-market motion1 record

Marketing channels1 record

Core offering

Peregrine Oil & Gas is a privately held upstream oil and gas company that identifies, acquires, drills, develops, and produces hydrocarbon reserves across the Gulf of Mexico and onshore United States. Its core activities span seismic-driven prospecting and lease acquisition, exploration drilling, field development and exploitation, and offshore production operations including the Cobra structure. The company sells the resulting crude oil and natural gas into wholesale energy markets.

Product overview

Peregrine Oil & Gas is an oil and gas exploration, development, and production company offering integrated services from prospect identification through hydrocarbon production. The company's core service offerings include Prospecting & Acquisition (using seismic technology and re-processing to identify opportunities in the Gulf of Mexico and onshore), Drilling & Exploration (planning, permitting and implementing drilling operations), Development & Exploitation (infrastructure construction and hydrocarbon production), and Offshore Operations. The company has developed and operates the VR 342 Field and has made significant acquisitions including VR 365, VR 128, MC 359/360, EC 359, and Ship Shoal 238 (SS238 Field). The company also filed the first Alternate Use – Right of Use and Easement (RUE) with BOEM in the Gulf of Mexico in 2019.

Differentiator

Problem solved

Functional benefit

Products and services

• Prospecting & Acquisition Prospecting and acquisition of oil and gas prospects using seismic data re-processing and interpretation, targeting acreage opportunities in the Gulf of Mexico and onshore United States. Offered to industry partners and used internally to build Peregrine's upstream portfolio.
• Drilling & Exploration Exploration drilling of prospects identified through the firm's prospecting program, covering well planning, drilling operations, and evaluation in the Gulf of Mexico and onshore USA. Delivered for Peregrine and its working-interest partners.
• Development & Exploitation Development and exploitation of discovered hydrocarbon reserves, including well completions, production startup, and reservoir management across the firm's onshore and offshore asset base. Targeted at Peregrine's operated and non-operated working-interest positions.
• Offshore Operations Offshore production operations conducted from structures in the Gulf of Mexico, including the Cobra structure, encompassing platform operations, production handling, and management of offshore producing assets for Peregrine and its working-interest partners.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• GulfSlope Energy: GulfSlope Energy is a small-cap GOM-focused E&P that pursues exploration and development in the Gulf of Mexico Outer Continental Shelf, comparable to Peregrine's targeting of low-risk GOM prospects via seismic analysis.
• Arena Energy: Arena Energy is a privately held, operator-led independent focused on the Gulf of Mexico shelf with both operated and non-operated properties. It is a direct comparable to Peregrine in size, geography, and business model.
• W&T Offshore: W&T Offshore is a Gulf of Mexico-focused independent E&P with a comparable mix of shallow-water and deepwater GOM production. Like Peregrine, it is a smaller operator concentrating capital in the Gulf basin and is publicly listed.
• Cox Operating: Cox Operating is a privately held Gulf of Mexico operator that acquires and develops oil and gas properties in the GOM shelf. It mirrors Peregrine's strategy of consolidating working interests in producing GOM assets.
• LLOG Exploration: LLOG Exploration is a privately held Gulf of Mexico deepwater operator with a focused, operator-led model in the same basins Peregrine targets. It is one of the most active private GOM producers and a direct comparable.
• Talos Energy: Talos Energy is a pure-play Gulf of Mexico E&P operator focused on deepwater and shelf exploration, development, and production. It is directly comparable to Peregrine in operating geography, asset type, and the E&P operator-led model.

Broad incumbents

• BP plc: BP is a major integrated oil and gas company with significant Gulf of Mexico deepwater production, including operation of major platforms in the Central and Western Planning Areas where Peregrine also operates. It competes for OCS lease sales and infrastructure access.
• Murphy Oil: Murphy Oil is a broader independent with Gulf of Mexico production alongside international operations. It overlaps with Peregrine on GOM E&P activities but operates a wider, geographically diversified portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

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 Peregrine Oil & Gas