E&B Natural Resources
E&B Natural Resources is a privately held U.S. oil and gas exploration and production company that acquires and revitalizes mature producing properties using thermal enhanced oil recovery, selling crude oil and natural gas directly to refineries and energy companies across California, Louisiana, Kansas, and Wyoming.
- Company typePrivate
- Founded1971
- HeadquartersBakersfield, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What E&B Natural Resources does
E&B Natural Resources is a privately held, U.S.-based oil and gas exploration and production company founded in 1971 by two former Shell geologists. Headquartered in Bakersfield (Oildale), California, the company operates across four states — California, Louisiana, Kansas, and Wyoming — and is wholly owned by the Galesi Group, a diversified conglomerate that took full control in 2003. Its core business is the acquisition and revitalization of mature, often legacy-producing oil and gas properties, using thermal enhanced oil recovery (EOR) and other applied technologies to expand output from declining fields. The company positions itself as a value-driven buyer rather than an unconventional or exploration-led operator, having completed more than 20 acquisitions since the Galesi takeover.
The product surface is integrated rather than modular: oil and gas asset management (field optimization and thermal EOR), property acquisition services (producing properties and leases with growth potential), contractor operations management, and management support services provided to affiliated companies including Angus Petroleum Corporation and Hillcrest Beverly Oil Corporation (HBOC). Underlying technology includes thermal EOR, modern environmental controls to eliminate discharges and reduce waste, and water-conserving Xeriscape landscaping at its headquarters. The company employs 251–500 people across its headquarters, its Vinton, Louisiana operations office, and its LA Basin operations support office.
E&B earns revenue by selling crude oil and natural gas directly to refineries and energy companies at prevailing market prices under standard B2B commodity arrangements; no alternative pricing model is disclosed. The target customer base is the wholesale energy buyer (refineries, midstreamers, energy companies), and the company competes for asset deals against other small-to-mid independent operators. Sales and marketing are relationship-driven rather than campaign-driven, anchored on industry reputation, environmental responsibility, and community engagement (including programs with TAPS and local schools).
E&B Natural Resources firmographics
Firmographics- Name
- E&B Natural Resources
- Legal name
- E&B Natural Resources
- Website
- https://ebresources.com
- Company type
- Private
- Founded year
- 1971
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- E&B Natural Resources is a privately held U.S. oil and gas exploration and production company that acquires and revitalizes mature producing properties using thermal enhanced oil recovery, selling crude oil and natural gas directly to refineries and energy companies across California, Louisiana, Kansas, and Wyoming.
- Ownership category
- akta.pro rank
E&B Natural Resources industry classification
Industry- Product category
- Upstream Oil and Gas Production
- NAICS
- Oil and Gas Extraction (2111), Natural Gas Extraction (211130), Crude Petroleum Extraction (21112)
- SIC
- Crude Petroleum & Natural Gas (1311), Oil & Gas Field Exploration Services (1382)
- akta.pro primary industry
- Drilling & Well Construction (E&P Operator-led) (EUALAAAD)
- akta.pro secondary industry
- Onshore Natural Gas E&P (Conventional Fields) (EUAAAAAG)
Keywords
Where E&B Natural Resources is headquartered
LocationHeadquarters
- HQ city
- Bakersfield
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
E&B Natural Resources business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Others
Distribution channels1 record
E&B Natural Resources product offering
Product offeringCore offering
E&B Natural Resources is an oil and gas exploration and production company that acquires, optimizes, and develops producing oil and gas properties, primarily through mature field revitalization and the application of thermal enhanced oil recovery technologies. It also provides management support services to affiliated entities including Angus Petroleum Corporation and Hillcrest Beverly Oil Corporation (HBOC), and operates safe and environmentally sound contractor operations across its asset base.
Product overview
E&B Natural Resources is an oil and gas exploration and production company operating a unified portfolio of services focused on mature field revitalization. The core offerings include oil and gas asset management (optimizing and developing existing assets using thermal enhanced oil recovery and other technologies), property acquisition services (having completed over 20 acquisitions across California, Louisiana, Kansas, and Wyoming), and management support services provided to Angus Petroleum Corporation and Hillcrest Beverly Oil Corporation (HBOC). The company also manages contractor operations with a focus on safety and environmental compliance. E&B operates as a single integrated oil and gas business rather than a platform with modular products.
Differentiator
Problem solved
Functional benefit
Products and services
- Oil and Gas Asset Management
Quantifiable outcome
- Completed more than 20 acquisitions across multiple states
Companies that use E&B Natural Resources
Customer profileSegments1 record
Ideal customer profiles1 record
E&B Natural Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
E&B Natural Resources partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- Angus Petroleum CorporationminorE&B provides management support and services to Angus Petroleum Corporation as part of their portfolio of managed companies.
- Hillcrest Beverly Oil Corporation (HBOC)minorE&B provides management support and services to Hillcrest Beverly Oil Corporation (HBOC) including mineral owner relations support.
Scale indicators5 records
Recent moves6 records
Expansion highlights4 records
E&B Natural Resources competitors and assessment
Company assessmentDirect peers
- Granite Ridge Resources: Small-cap US independent E&P formed via acquisition-driven roll-up of mature, non-operated working interests; similar size, strategy, and focus on lower-risk legacy production as E&B.
- Amplify Energy: California-headquartered independent E&P operating mature onshore and offshore fields in the LA Basin and Central California; directly comparable in geography and asset maturity to E&B's California footprint.
- Berry Petroleum (Caelan Energy): California-focused independent E&P specializing in heavy oil and steamflood EOR — a direct analogue to E&B's thermal enhanced oil recovery operations in the San Joaquin Valley.
- Sentinel Peak Resources: California-focused independent E&P with significant heavy oil and thermal EOR operations in the San Joaquin Valley; directly comparable to E&B on geography, asset type, and recovery technology.
- Vital Energy: Small-cap US independent E&P focused on acquisition and development of upstream oil assets in multiple basins — comparable in scale and acquisitive growth strategy to E&B.
- Earthstone Energy: Small/mid-cap independent E&P with a multi-basin footprint that grew through acquisitions of mature US producing properties — closely aligned with E&B's roll-up approach.
Broad incumbents
- California Resources Corporation: Largest California-focused independent E&P; operates at significantly greater scale than E&B across the same San Joaquin and LA Basin fields, providing a broad incumbent benchmark.
- Murphy Oil: Diversified small/mid-cap E&P with operations across multiple US and international basins; broader portfolio than E&B but comparable in scale and upstream operating model.
Emerging players
- Crimson Resource Management: California-based upstream operator with a niche focus on mature field operations and asset management services — overlaps with E&B on California geography and the asset management services overlay.
Others
- Halliburton: Global oilfield services and equipment provider serving US E&P operators including mature field operators like E&B; thematically adjacent as a key vendor enabling E&B's drilling, completion, and EOR operations.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
E&B Natural Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
E&B Natural Resources leadership team
Management profileNumber of profiles
Profiles7 records
E&B Natural Resources subsidiaries and ownership
Company hierarchySubsidiaries2 records
E&B Natural Resources funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
E&B Natural Resources M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about E&B Natural Resources
What does E&B Natural Resources do?
E&B Natural Resources is an oil and gas exploration and production company that acquires, optimizes, and develops producing oil and gas properties, primarily through mature field revitalization and the application of thermal enhanced oil recovery technologies. It also provides management support services to affiliated entities including Angus Petroleum Corporation and Hillcrest Beverly Oil Corporation (HBOC), and operates safe and environmentally sound contractor operations across its asset base.
Is E&B Natural Resources a public or private company?
E&B Natural Resources is a private company. It is classified as corporate owned and is currently operating.
When was E&B Natural Resources founded?
E&B Natural Resources was founded in 1971. It employs 251 to 500 people.
Where is E&B Natural Resources based?
E&B Natural Resources is headquartered in Bakersfield, United States, in the North America region.
Who are E&B Natural Resources's main competitors?
Direct peers on record are Granite Ridge Resources, Amplify Energy, Berry Petroleum (Caelan Energy), Sentinel Peak Resources, Vital Energy and Earthstone Energy. Broad incumbents are California Resources Corporation and Murphy Oil. Crimson Resource Management is listed as an emerging player. Halliburton is listed as an others.
Does E&B Natural Resources have an API?
No public API is recorded for E&B Natural Resources.
What industry is E&B Natural Resources in?
E&B Natural Resources's product category is Upstream Oil and Gas Production. Its primary akta.pro industry code is EUALAAAD, Drilling & Well Construction (E&P Operator-led), with a secondary code of EUAAAAAG, Onshore Natural Gas E&P (Conventional Fields). Its NAICS code is 2111 and its SIC code is 1311.