Marjo Operating Co., Inc.

What Marjo Operating Co., Inc. does

Marjo Operating Co., Inc. is an independent, privately-held oil and gas operating company headquartered in Tulsa, Oklahoma, founded by Joseph Mueller in 1978 (originally as Marjo Oil Company) and incorporated in its current form in 1993. The company directly operates more than 100 wells across 11 Oklahoma counties in the Mid-Continent Region, with historical operating experience spanning Oklahoma, Texas, New Mexico, Colorado, and Alberta, Canada. Its core offering spans the full upstream lifecycle — land administration, licensed professional engineering, drilling, completion, and production management (including hydraulic fracturing, horizontal/directional drilling, waterflooding, and dewatering), and oil-and-gas accounting services such as joint interest billings, revenue distribution, and investor accounting. A wholly-owned subsidiary, Marjo Operating Mid-Continent, LLC, was formed in 2014, and the company also operates a small livestock diversification, Grant Creek Ranch in Kansas.

The business operates on two revenue streams: (1) direct production revenue from wells owned collectively by five stakeholders — Mark E. Meador (President/Land), Brian O. Keefer, PE (VP/Engineering), Joseph F. Mueller (Chairman), Becky McMurphy, and Luke Simon — and (2) contract/consulting operator services for third-party wells in Oklahoma, Texas, and Kansas. The company's stated economic thesis is achieving the largest possible reserve base while minimizing operating expenses, leveraging long-standing vendor relationships with oilfield service companies to obtain cost discounts. Staffing is lean at approximately 9 personnel covering officer, land, engineering, geology, and accounting functions, and the company holds no external institutional capital, parent, or subsidiaries beyond Marjo Operating Mid-Continent, LLC. Marjo also operates Grant Creek Ranch, a cow-calf operation in Chautauqua County, Kansas producing grass-finished beef — a small adjacent business outside core oil and gas.

Name

Marjo Operating Co., Inc.

Legal name

Marjo Operating Company, Inc.

Website

https://marjoop.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

1–10 employees

Short description

Marjo Operating Co., Inc. is a privately-held independent oil and gas operator in Tulsa, Oklahoma that runs over 100 wells across the Mid-Continent Region for five collective owner-stakeholders and provides contract operating services for third-party wells.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Operations

NAICS

Crude Petroleum Extraction (21112)

SIC

Crude Petroleum & Natural Gas (1311), Oil & Gas Field Services, Nec (1389), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Upstream HSE, Regulatory Compliance & Emissions Management (Methane/Flare) (EUALAAAM)

Keywords

• Oil and gas operations
• Upstream oil services
• Well operations management
• Contract drilling services
• Oilfield engineering

Headquarters

HQ city

Tulsa

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Oil and Gas Production Operations: Direct operation of over 100 oil and gas wells across Oklahoma and the Mid-Continent Region, generating revenue from hydrocarbon sales
2. Contract Operations Services: Provides consulting operator services on a contract basis for third-party wells, offering field supervision, maintenance, and property management for a fee

Go-to-market motion2 records

Distribution channels2 records

Marketing channels1 record

Core offering

Marjo Operating Co., Inc. is an independent oil and gas operating company that directly operates over 100 wells in the Mid-Continent Region of the United States and provides contract consulting operator services for third-party wells. Its offerings span the full upstream lifecycle, including land administration, licensed professional engineering (drilling, completion, and production), field operations, and oil and gas accounting. The company also runs Grant Creek Ranch, a commercial Angus cattle operation in Kansas, as a separate business unit.

Product overview

Marjo Operating Co., Inc. is an independent oil and gas operating company offering integrated upstream services across the full lifecycle of oil and gas properties. The core product is its Oil and Gas Operations Services, supported by four specialized service modules: Land Services (prospect inception to hydrocarbon sales), Engineering Services (drilling, completion, production by licensed professional engineers), Operations Services (field supervision and property management), and Accounting Services (joint interest billings, revenue distribution, investor accounting). The company also offers Contract Operations as a consulting operator for third-party wells. In a separate business venture, the company operates Grant Creek Ranch, a commercial Angus cattle operation that sells grass finished beef.

Differentiator

Problem solved

Functional benefit

Brands

• Grant Creek Ranch: Commercial cow calf operation located in Chautauqua County, Kansas raising crossbred Angus cattle, operated by Marjo Operating Company

Products and services

• Oil and Gas Operations Services Integrated upstream oil and gas operations covering administration, drilling, completion, and production of oil and gas properties. The company operates over 100 wells and applies conventional and unconventional techniques including hydraulic fracturing, horizontal and directional drilling, waterflooding, and dewatering. Intended for stakeholders of jointly-owned wells in the Mid-Continent Region.
• Land Services End-to-end land services from prospect inception through sale of hydrocarbons, including leasing, farmout agreements, property negotiations and acquisitions, state regulatory spacing/pooling/location exceptions, gas marketing, surface damage settlements, operating agreements, title curative, assignments, division orders, gas and oil sales contracts. Provided to oil and gas operators and investors managing Mid-Continent properties.
• Engineering Services
• Operations Services
• Accounting Services
• Contract Operations
• Grant Creek Ranch Beef Sales

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

One partnership is on record.

• Independent Oil and Gas OperatorscoreStrategic or Co-development PartnerMarjo is actively involved in industry partners' prospects as a non-operator. Most of these partners are independent oil and gas operators with the same goals in mind as Marjo. The company participates in joint venture arrangements for oil and gas exploration and production opportunities.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• EOG Resources: Houston-based major independent E&P with diversified US operations including the Mid-Continent. Comparable to Marjo as an upstream operator using horizontal drilling and waterflood techniques, though at much larger scale and across multiple basins.
• Continental Resources: Oklahoma City-based major independent E&P and the original operator of the Bakken. Comparable to Marjo as an Oklahoma-headquartered independent E&P, though materially larger and focused on different basins.
• Devon Energy: Oklahoma City-based major independent E&P with significant Mid-Continent operations. Comparable to Marjo as a large Oklahoma-based operator with deep operational presence in the Anadarko/STACK/SCOOP plays Marjo knows.

Direct peers

• HighPeak Energy: Fort Worth-based independent E&P operating in the Permian Basin. Comparable to Marjo as a small-scale independent operator pursuing horizontal drilling and contract-operations-style management of working interests.
• SandRidge Energy: Oklahoma City-based independent E&P focused on conventional and unconventional plays including the Mid-Continent. Comparable to Marjo as an Oklahoma independent with a mix of operated and non-operated working interests in overlapping basins.
• Unit Corporation: Tulsa, Oklahoma-based independent oil & gas operator focused on the Mid-Continent with contract-operations services. Highly comparable to Marjo by geography, business model, and customer base, though materially larger in scale.
• Mach Natural Resources: Oklahoma-based independent E&P focused on the Anadarko Basin and Mid-Continent region. Comparable to Marjo as a small independent operator pursuing conventional and unconventional production in overlapping Oklahoma counties.
• Chaparral Energy: Oklahoma City-based independent E&P with primary operations in the Mid-Continent (Stack/Scoop) and other US basins. Comparable to Marjo as an Oklahoma-rooted independent operator using modern completion techniques on legacy and unconventional assets.
• Gulfport Energy: Oklahoma City-based independent E&P operator with operations in the Mid-Continent and Utica. Comparable to Marjo as a small-to-mid independent operator pursuing non-op and operated working interests in the same regional basins.

Regional players

• Civitas Resources: Denver-based independent E&P operating primarily in the DJ Basin and Permian. Comparable to Marjo as an independent operator using horizontal drilling and waterflood techniques, though geographically concentrated in different basins.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/marjo-llc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Marjo Operating Co., Inc.