Long Run Exploration
Long Run Exploration Ltd. was a Calgary-based intermediate oil and gas exploration and production company operating in Alberta, Canada. Founded in 1999, it held thousands of wells and associated infrastructure before filing for receivership in March 2025.
- Company typePrivate
- Founded1999
- HeadquartersCalgary, Canada
- Headcount101–250
- GTM typeB2B
- OfferingServices
Long Run Exploration firmographics
Firmographics- Name
- Long Run Exploration
- Legal name
- Long Run Exploration Ltd.
- Website
- https://longrunexploration.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Closed
- Headcount range
- 101–250 employees
- Short description
- Long Run Exploration Ltd. was a Calgary-based intermediate oil and gas exploration and production company operating in Alberta, Canada. Founded in 1999, it held thousands of wells and associated infrastructure before filing for receivership in March 2025.
- Ownership category
- akta.pro rank
Long Run Exploration industry classification
Industry- Product category
- Oil and Gas Exploration & Production
- NAICS
- Oil and Gas Extraction (2111), Oil and Gas Extraction (211)
- SIC
- Crude Petroleum & Natural Gas (1311)
- 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 Long Run Exploration is headquartered
LocationHeadquarters
- HQ city
- Calgary
- HQ country
- Canada
- HQ region
- North America
Markets served
Long Run Exploration business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Others
Long Run Exploration product offering
Product offeringCore offering
Long Run Exploration Ltd. was an intermediate oil and natural gas company engaged in the exploration, development, and production of light oil and natural gas in Alberta, Canada. The company's operating asset base comprised 4,031 wells, 383 facilities, 2,121 pipeline segments, and 38 pipeline installations. All assets were transferred to the Orphan Well Association in April 2026 following a receivership filing in March 2025.
Differentiator
Problem solved
Functional benefit
Products and services
- Light oil and natural gas production
Companies that use Long Run Exploration
Customer profileIdeal customer profiles1 record
Long Run Exploration technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Long Run Exploration partnerships and signals
Strategic signalScale indicators2 records
Long Run Exploration competitors and assessment
Company assessmentRegional players
- Whitecap Resources Inc. Calgary-based intermediate oil and natural gas producer with significant operations across Alberta and Saskatchewan. Comparable as a Canadian intermediate E&P focused on light oil development with associated natural gas production.
- Tamarack Valley Energy Ltd. Calgary-based intermediate oil and gas company with light oil-focused operations across Alberta and Saskatchewan. Directly comparable in scale, geography, and product mix as a Western Canadian light oil producer.
- Peyto Exploration & Development Corp. Calgary-headquartered intermediate natural gas and liquids producer with concentrated operations in Alberta's Deep Basin. Comparable as a Canadian intermediate upstream operator focused on hydrocarbon development and production.
- Bonavista Energy Corp. Calgary-based intermediate oil and gas producer focused on the Western Canadian Sedimentary Basin with a similar light oil and natural gas asset mix in Alberta. Highly comparable as a peer intermediate Western Canadian operator.
- Surge Energy Inc. Intermediate Canadian upstream operator focused on light and medium crude oil development in Alberta and Saskatchewan. Comparable as a Calgary-based intermediate E&P with overlapping operational footprint and product type.
Broad incumbents
- Crescent Point Energy Corp. Larger Calgary-headquartered intermediate E&P with significant light oil operations across Western Canada, including Alberta. Broader incumbent in the same Canadian light oil development category.
Others
- Orphan Well Association: Alberta-based industry-funded organization responsible for decommissioning orphaned oil and gas infrastructure. Directly relevant as the entity that assumed Long Run's entire asset base following its 2025 receivership.
Market position
Customer concentration
Long Run Exploration financial estimates
Financial estimateRevenue estimate
Valuation estimate
Long Run Exploration leadership team
Management profileNumber of profiles
Profiles1 record
Long Run Exploration funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Long Run Exploration 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 Long Run Exploration
What does Long Run Exploration do?
Long Run Exploration Ltd. was an intermediate oil and natural gas company engaged in the exploration, development, and production of light oil and natural gas in Alberta, Canada. The company's operating asset base comprised 4,031 wells, 383 facilities, 2,121 pipeline segments, and 38 pipeline installations. All assets were transferred to the Orphan Well Association in April 2026 following a receivership filing in March 2025.
Is Long Run Exploration a public or private company?
Long Run Exploration is a private company. It is classified as founder individual operated bootstrapped and is currently closed.
When was Long Run Exploration founded?
Long Run Exploration was founded in 1999. It employs 101 to 250 people.
Where is Long Run Exploration based?
Long Run Exploration is headquartered in Calgary, Canada, in the North America region.
Who are Long Run Exploration's main competitors?
Regional players on record are Whitecap Resources Inc., Tamarack Valley Energy Ltd., Peyto Exploration & Development Corp., Bonavista Energy Corp. and Surge Energy Inc.. Crescent Point Energy Corp. is listed as a broad incumbent. Orphan Well Association is listed as an others.
Does Long Run Exploration have an API?
No public API is recorded for Long Run Exploration.
What industry is Long Run Exploration in?
Long Run Exploration's product category is Oil and Gas Exploration & 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.