Global Oil & Gas Recovery

What Global Oil & Gas Recovery does

Global Oil & Gas Recovery Corp. is a privately held junior oil and gas company that generates revenue by reactivating abandoned and maturing wells through Enhanced Oil Recovery (EOR) techniques and by commercializing patented equipment that monetizes flared and stranded natural gas. Core operations are anchored by a wholly owned subsidiary, Global Oil & Gas Recovery, LLC, a Kansas-licensed operator with assets in the Cherokee Basin straddling southeast Kansas and northeast Oklahoma, including the prospective 5,000-acre Held-by-Production (HBP) Shiloh leasehold (108 existing well bores, 926,500 BBL estimated reserves, prior 3.8 BCF production history). The company's technical differentiator is the Mobile Refining Unit (MRU), a patented milli-second catalytic partial oxidation (CPOX) reactor licensed from PENG that captures wasted methane and converts it into usable liquid fuel via an exothermic process that is lower-cost than conventional steam methane reforming; MRU production is targeted for late 2025 and Global holds exclusive sales rights across Kansas, Oklahoma, Colorado, and California.

The business model combines three revenue mechanics: (1) cash flow from reactivated oil and gas production on operated assets, (2) hardware sales and licensing of the MRU and complementary Modular Matrix CHP cogeneration systems to oil and gas operators (a market the company sizes at over $10.6 billion of annual flared-gas waste), and (3) K-1 tax-advantaged partnership offerings to accredited investors, where Intangible Drilling Costs of 60–80% of drilling cost are 100% deductible in the year incurred and royalty/working interests are marketed through direct investor outreach. The go-to-market is sales-led and enterprise-oriented, with an active buildout of field sales representatives targeting oil and gas operators across five states (Texas, Kansas, Oklahoma, Colorado, California) and a parallel channel through Patience Enterprises Group for MRU distribution. Customer segmentation is vertical: primary customers are oil and gas operators with abandoned wells, maturing fields, stranded or flared gas, and methane-compliance pain points; secondary customers are land/royalty owners and accredited investors seeking K-1 tax shelters.

Strategically, Global is in a transitional phase, evidenced by three LOI/Definitive Agreement episodes in 14 months: a failed April 2024 amalgamation with Metawells Oil & Gas (terminated October 2024), a terminated December 2024 LOI with G2 Energy Corp. (terminated March 26, 2025), and a current non-binding March 27, 2025 LOI with Torrent Gold Inc. (CSE: TGLD) under which Torrent may acquire up to 100% of Global's shares, assets, technology, and projects, with CEO Richard Cindric expected to join Torrent's board. The company is founder-controlled (CEO/President Richard F. Cindric, CFO/Director Zig Lambo, Director Andy Jagpal) with corporate headquarters in Portland, Oregon and operating offices in Wichita, Kansas, and is currently pre-revenue pending the late-2025 MRU commercial launch and Shiloh reactivation milestones.

Name

Global Oil & Gas Recovery

Legal name

Global Oil & Gas Recovery Corp.

Website

https://globaloilandgasrecovery.com

Company type

Private

Operating status

Operating

Short description

Global Oil & Gas Recovery Corp. is a privately held junior oil and gas company that reactivates abandoned and maturing wells via Enhanced Oil Recovery and commercializes patented Mobile Refining Units (MRU) that convert flared methane into liquid fuel, serving oil and gas operators and accredited K-1 investors across the U.S. Midwest.

Ownership category

akta.pro rank

Product category

Enhanced Oil Recovery & Gas Flaring Solutions

NAICS

Oil and Gas Extraction (2111), Oil and Gas Field Machinery and Equipment Manufacturing (333132), Oil and Gas Extraction (211), Crude Petroleum Extraction (211120)

SIC

Oil & Gas Field Machinery & Equipment (3533), Oil & Gas Field Services, Nec (1389), Crude Petroleum & Natural Gas (1311), Petroleum Refining (2911)

akta.pro primary industry

Enhanced Oil Recovery (EOR) & IOR (CO₂, Steam, Chemical) (EUALAAAG)

akta.pro secondary industries

Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH), Oilfield & Refining Specialty Chemicals (IMAEABAI), Specialty Power Systems MRO (Generators, Compressors, Pumps, Welders) (TLAKAHAJ)

Keywords

• Enhanced oil recovery
• Gas flaring solutions
• Mobile refining units
• Abandoned well reactivation
• Oil field redevelopment

Headquarters

HQ city

Portland

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Oil and Gas Production: Revenue from restoring and operating abandoned wells, maturing oil fields, and previously exhausted reserves through Enhanced Oil Recovery (EOR) techniques. The company operates producing oil fields with associated proven reserves expected to generate positive cash flow at current oil prices. The Shiloh Oil & Gas Leasehold project targets production of 500-1,000 MCFG/D ramping up to potential 926,500 BBL of oil.
2. MRU Equipment Sales and Licensing: Revenue from selling and licensing Mobile Refining Units (MRUs) for gas flaring solutions. Global has exclusive rights to sell MRUs in Kansas, Oklahoma, Colorado, and California. The MRU technology addresses the $10.6 billion annual waste from gas flaring.
3. K-1 Tax-Advantaged Oil Investments: Partnership investments in oil and gas projects offering K-1 tax advantages. Intangible Drilling Costs (IDCs) constitute 60-80% of drilling costs and are 100% deductible in the year incurred. Royalty income and working interests offered to accredited investors.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Global Oil & Gas Recovery Corp. is a junior oil and gas company that implements Enhanced Oil Recovery (EOR) techniques to restore production from abandoned wells, maturing oil fields, and previously exhausted reserves, primarily in Kansas, Oklahoma, and Texas. The company is also commercializing a patented Mobile Refining Unit (MRU) — a mobile micro-refinery that captures flared, stranded, or shut-in methane gas and converts it into usable liquid fuel via catalytic partial oxidation (CPOX) in a milli-second reactor.

Product overview

Global Oil & Gas Recovery Corp. is a junior oil and gas company offering a portfolio of recovery solutions anchored by its Mobile Refining Unit (MRU) technology. The MRU is a patented mobile micro-refinery that converts wasted methane gas into usable liquid fuel through catalytic partial oxidation. Complementary to the MRU are the company's Modular Matrix CHP Cogeneration Systems, which generate electricity at the wellhead from flared or stranded gas. The company also implements Enhanced Oil Recovery (EOR) techniques to reactivate abandoned wells. The portfolio includes the Shiloh Oil & Gas Project leasehold in SE Kansas, part of the company's strategy to build production from legacy assets.

Differentiator

Problem solved

Functional benefit

Products and services

• Mobile Refining Unit (MRU) Mass-manufactured mobile micro-refinery that captures wasted methane gas from flared, stranded, shut-in, capped, or low-producing gas wells and converts it into usable liquid fuel through catalytic partial oxidation (CPOX) in a milli-second reactor. Sold and licensed to oil and gas operators; Global holds exclusive sales rights in Kansas, Oklahoma, Colorado, and California.
• Modular Matrix CHP Cogeneration Systems Scalable cogeneration systems deployed at wellheads on flared, stranded, shut-in, capped, or low-producing gas wells that convert wasted resources into electricity at lower cost than traditional methods, while also producing clean drinking water and heat.
• Enhanced Oil Recovery (EOR) Services Implementation of EOR techniques to restore production from abandoned wells, maturing oil fields, and previously thought-to-be exhausted reserves. Focuses on Kansas, Oklahoma, and Texas and is delivered through the company's wholly owned operating subsidiary Global Oil & Gas Recovery, LLC.

Quantifiable outcome

• Oil and gas companies flare more than $10.6 billion in natural resources every year - MRU addresses this market
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Torrent Gold Inc.coreStrategic or Co-development Partner · 27 March 2025Torrent Gold Inc. (CSE: TGLD, FSE: RV0) signed a non-binding LOI with Global to investigate potential business opportunities. The LOI outlines terms for negotiating a definitive agreement where Torrent may acquire up to 100% interest in Global's common shares, assets, technology and future projects. Mr. Richard Cindric, CEO of Global, is expected to join Torrent's board of directors. The transaction is subject to CSE acceptance and regulatory compliance.
• PENG (Patented Technology Developer)coreTechnology or IntegrationPENG developed and patented the Mobile Refining Unit (MRU) technology for Global Oil & Gas Recovery. The MRU uses catalytic partial oxidation in a milli-second reactor to convert methane to liquid fuel, offering cost advantages over traditional steam methane reforming.
• TEXXSTAR INC.coreStrategic or Co-development PartnerGlobal signed LOI with TEXXSTAR INC. on July 23, 2024 to acquire the Shiloh Oil & Gas Leasehold in SE Kansas. The leasehold straddles 4 counties (Allen, Woodson, Wilson, Neosho) with 5,000 acres HBP, 108 well bores, and 30 miles of shut-in gas system. The project previously produced over 3.8 BCF of gas for Exodus Gas & Oil LLC.
• Patience Enterprises GroupminorChannel Partner/ Reseller/ DistributorPatience Enterprises Group appears to be associated with the MRU distribution channel. The Gas Flaring Solutions page includes 'Order your MRU Today!' linking to Patience Enterprises Group website.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Capterio: Capterio is a direct peer in the gas flaring elimination space, deploying infrastructure and technology to monetize flared gas at upstream well sites. Its mission and customer base (oil & gas operators) closely align with Global's MRU gas flaring solution, and it competes for the same regulatory-driven demand.
• Greenfire Resources: Greenfire Resources is a Canadian junior EOR operator that acquires and re-develops legacy, low-decline oil and gas assets using thermal recovery techniques. It is the closest analogue to Global's EOR-on-maturing-fields model, with a comparable asset-acquisition, well-rework, and reactivation strategy.
• Houston American Energy Corp. Houston American Energy is a small-cap E&P focused on reworking and re-completing legacy wells and unconventional assets. It directly mirrors Global's niche as a junior operator pursuing EOR and reactivation strategies rather than greenfield exploration.

Broad incumbents

• Honeywell UOP: Honeywell UOP is a global licensor of refining and petrochemical process technologies, including gas processing and catalytic conversion units. It represents the large-scale incumbent whose gas-to-liquids and refining technology standards Global's CPOX-based MRU is positioned as a more cost-effective alternative to.
• ProPetro Holding Corp. ProPetro is a U.S. oilfield services provider focused on completions, production, and pressure pumping. It shares Global's customer base (oil & gas operators in TX/OK) and the production-services orientation, though it operates at much greater scale.
• Denbury Resources: Denbury was the U.S. EOR pure-play leader in CO2 flooding before its acquisition by ExxonMobil. It is a strong comparable for the long-term thesis of building a production base from reactivated, EOR-treated legacy fields, though at vastly larger scale.
• Solaris Oilfield Infrastructure: Solaris provides production-stage oilfield infrastructure (sand, chemicals, water handling) to operators in the Permian and other U.S. basins. It is comparable as a production-services peer serving EOR and reactivation operators with mission-critical field equipment.
• Occidental Petroleum: Occidental is the largest U.S. EOR operator, with deep expertise in CO2 flooding and a long history of acquiring mature, depleted fields. It is a broad incumbent whose EOR playbook and well-reactivation economics set the upper bound for the niche Global is pursuing.
• TechnipFMC plc: TechnipFMC is a major oilfield equipment and services company producing field hardware, wellhead systems, and processing units used in upstream operations. Its refining and gas-processing product lines are broad-incumbent comparables to Global's MRU and CHP equipment.

Emerging players

• Clean Energy Fuels Corp. Clean Energy Fuels is a renewable natural gas (RNG) producer that captures waste methane from dairies, landfills, and oil & gas operations. It competes for the same "convert waste gas into usable fuel" value proposition as Global's MRU, but focuses on RNG distribution rather than mobile micro-refining.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

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 Global Oil & Gas Recovery