Greenland Energy Company

Name

Greenland Energy Company

Legal name

Greenland Energy Company

Website

https://greenlandenergyco.com

Company type

Public

Founded year

2026

Operating status

Ipo

Headcount range

1–10 employees

Short description

Greenland Energy Company is a Houston-based, Nasdaq-listed pre-revenue oil and gas exploration company developing the Jameson Land Basin in East Greenland through a 70% earn-in with 80 Mile PLC. It is funded by a $70M public offering and plans a two-well (OPW-1, OPW-6) drilling campaign in October 2026.

Ownership category

akta.pro rank

Product category

Onshore Oil and Gas Exploration

NAICS

Oil and Gas Extraction (2111), Geophysical Surveying and Mapping Services (541360)

SIC

Oil & Gas Field Exploration Services (1382), Drilling Oil & Gas Wells (1381)

akta.pro primary industry

Drilling & Well Construction (E&P Operator-led) (EUALAAAD)

Keywords

• Onshore oil exploration
• Upstream energy development
• Hydrocarbon exploration
• Arctic drilling services
• Seismic data analysis

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. None — pre-revenue exploration stage: Greenland Energy is a development-stage company with no operating history, no proved reserves, and no production revenue. As stated in SEC disclosure context, the company is at a pre-revenue exploration phase; future revenue, if any, would derive from oil and gas production following successful discovery and development.
2. Capital raising (equity financing): Company is currently funded via equity capital markets — closed a $70 million public offering of 16.25 million common shares, 1.25 million pre-funded warrants, and 17.5 million common warrants (exercise price $5.00, five-year term). ThinkEquity acted as placement agent. This is funding, not revenue, but supports operations until production (if any) begins.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels8 records

Core offering

Greenland Energy Company is a pre-revenue upstream oil and gas exploration company advancing the Jameson Land Basin in East Greenland through a two-well drilling campaign (OPW-1 and OPW-6) targeted to commence October 2026. The company funds 100% of exploration costs to earn up to a 70% working interest across approximately 2 million acres of exclusive exploration licenses, built on a legacy ARCO dataset (US$275M+ invested 1970-1990) combined with modern 2D seismic reprocessing that has identified 50+ leads and prospects with an independent estimate of approximately 13 billion barrels of gross un-risked prospective recoverable oil resources.

Product overview

Greenland Energy Company offers a single integrated upstream energy offering rather than a multi-product software platform: it is a Houston/Texas-based energy exploration company whose unified offering is the development of the Jameson Land Basin in East Greenland. The portfolio is anchored by the Jameson Land Basin Exploration Project (the company's core asset — 2 million acres across three exclusive licenses with 50+ leads and prospects and ~13 billion barrels of estimated gross un-risked prospective resources), operationalized through the 2026 Onshore Drilling Campaign (the two-well OPW-1 and OPW-6 program targeted to commence October 2026 and designed to earn the company up to a 70% working interest), and supported by the Arctic Wildcatters Docuseries (a six-episode branded media product co-produced with Envoy Media Co. and hosted by Dr. Phil McGraw to publicize the program). The drilling campaign is the operational deliverable that converts the basin asset into a production opportunity, while the docuseries is a brand-building extension that promotes the same underlying project. Together, these three named offerings constitute Greenland Energy's full product portfolio: the basin asset, the drilling campaign that operates on it, and the media product that markets it.

Differentiator

Problem solved

Functional benefit

Products and services

• Jameson Land Basin Exploration Project Greenland Energy Company's flagship onshore oil and gas exploration asset in East Greenland, covering approximately 2 million acres across three exclusive exploration licenses that span the entire basin. Built on legacy ARCO exploration work (over US$275M invested 1970–1990 in 2025 dollars) and modern 2D seismic re-processing (1,800 line-km) that has identified 50+ leads and prospects. Independent engineering estimates approximately 13 billion barrels of gross un-risked prospective recoverable resources.
• 2026 Onshore Drilling Campaign (OPW-1 and OPW-6) Planned two-well exploration drilling campaign in the Jameson Land Basin targeted to commence in October 2026. The company will fund 100% of well costs to earn up to a 70% working interest in the basin. Estimated well costs of approximately $40 million for the first well and $20 million for subsequent wells. Operations executed via service partners including Halliburton (drilling and logistics), Stampede Drilling (rig capacity), IPT Well Solutions (project management), and Desgagnés (Arctic sealift). The campaign represents Greenland's first modern onshore oil exploration in over 50 years.
• Arctic Wildcatters Docuseries Six-episode docuseries hosted by Dr. Phil McGraw chronicling Greenland Energy Company's Jameson Land Basin exploration project and 2026 drilling campaign, co-produced with Envoy Media Co. and distributed across Envoy TV linear and digital platforms with projected reach of over 220 million U.S. households and connected devices.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

16 partnerships are on record, tiered core, flagship and minor.

• Envoy Media Co. (Dr. Phil McGraw)coreGTM or Marketing Partner · 16 June 2026Co-production partnership for 'Arctic Wildcatters,' a six-episode docuseries hosted by Dr. Phil McGraw chronicling Greenland Energy's Jameson Land Basin project and 2026 drilling campaign. Premieres late summer 2026 across Envoy TV's linear and digital platforms, projected to reach over 220 million TV households and connected devices across the United States. Designed to showcase Arctic energy development innovation and promote Greenland's energy potential.
• Halliburton CompanyflagshipStrategic or Co-development Partner · 27 April 2026Signed agreement on April 27, 2026 for integrated consulting, well, and drilling services for the 2026 Jameson Land Basin onshore exploration campaign. Halliburton is leading road construction and logistics planning and provides planning, coordination, equipment handling, and transportation, plus comprehensive well and drilling services. Builds on prior agreements with Stampede Drilling and Desgagnés. Multiple subsequent announcements in May-June 2026 reaffirm and extend the relationship. Halliburton holds a drilling logistics contract.
• Stampede DrillingcoreImplementation/ SI/ Consulting Partner · 27 March 2026Contracted as drilling operations provider. Identified on the company website operations page as the partner for drilling operations alongside IPT (engineering) and Halliburton (logistics/services). Secures a 3,500-meter capable drilling rig mobilization for the 2026 campaign.
• Desgagnés (Canadian maritime operator)coreStrategic or Co-development Partner · 26 February 2026Strategic logistics agreement signed with Canadian maritime operator Desgagnés to provide ice-class vessels and Arctic beach-landing capabilities for planned drilling operations. Marks a key operational milestone advancing the 2026 drilling campaign; coordinated with Greenland's Royal Arctic Line.
• Rubenstein Public RelationscoreGTM or Marketing Partner · 11 December 2025New client partnership announced December 11, 2025 to develop a public relations campaign enhancing Greenland Energy's profile and strategic role in Arctic energy security amid ongoing field activities in East Greenland.
• IPT Well SolutionscoreImplementation/ SI/ Consulting PartnerRetained as project manager to provide additional oversight and technical support. Identified on the company website operations page as the engineering partner alongside Stampede Drilling (drilling) and Halliburton (logistics/services).
• Royal Arctic Line (Greenland state-owned shipping company)coreStrategic or Co-development PartnerCoordinates with Desgagnés on specialized ice-class vessels and port services for mobilizing drilling equipment to the Jameson Land Basin. Greenland's state-owned shipping company provides in-country logistics support.
• 80 Mile PLCflagshipStrategic or Co-development PartnerJV partner in the Jameson Land project. Holds legal ownership of the three onshore exploration licenses via subsidiary White Flame Energy A/S and retains a 30% interest. Greenland Energy funds 100% of two exploration wells to earn up to 70%. 80 Mile will assign 50% interest in the basin upon the first well and an additional 20% upon the second well. GLND is appointed by White Flame A/S as Field Operations Manager.
• White Flame Energy A/SflagshipStrategic or Co-development PartnerSubsidiary of 80 Mile PLC that holds legal ownership of the three Jameson Land Basin exploration licenses covering over 2 million acres. Greenland Energy Company is appointed by White Flame A/S as Field Operations Manager and earns up to 70% interest through funding two exploration wells.
• NetworkNewsWire (NNW)minorGTM or Marketing PartnerFeatured Greenland Energy Company in an editorial focusing on energy security and Western energy independence amid geopolitical tensions affecting traditional shipping corridors. Editorials published via GlobeNewswire and syndication partners.
• Pelican Acquisition Corporation (predecessor SPAC)flagshipStrategic or Co-development PartnerBusiness combination completed March 25, 2026 with Greenland Exploration Limited and March GL Company (with Pelican Holdco, Inc.), creating Greenland Energy Company. Pelican previously traded under PELI on Nasdaq prior to merger; ticker reserved as GLND. Implied $215M valuation for up to 70% ownership.
• Greenland Exploration LimitedflagshipStrategic or Co-development PartnerTexas-based entity that merged with March GL and Pelican Acquisition Corporation on March 25, 2026 to form Greenland Energy Company. Greenland Exploration shareholders received an aggregate of 1,500,000 shares of Greenland Energy Company common stock. Larry G. Swets, Jr. was CEO of Greenland Exploration and became Executive Chairman.
• March GL CompanyflagshipStrategic or Co-development PartnerPrivately-owned Texas corporation that entered into the original agreement with 80 Mile for drilling at the Jameson oil and gas project. Funded 100% of costs for up to two exploration wells to earn up to 70% interest. Merged with Greenland Exploration and Pelican on March 25, 2026 to form Greenland Energy Company. March GL shareholders received an aggregate of 20,000,000 shares. Robert Price was CEO of March GL and became CEO of Greenland Energy Company.
• Winston & Strawn LLPminorImplementation/ SI/ Consulting PartnerLegal advisor to Greenland Exploration Limited in connection with the merger agreement that formed Greenland Energy Company.
• Haynes and Boone, LLPminorImplementation/ SI/ Consulting PartnerLegal advisor to March GL Company in connection with the merger agreement that formed Greenland Energy Company.
• Celine & Partners, PLLCminorImplementation/ SI/ Consulting PartnerLegal advisor to Pelican Acquisition Corporation in connection with the merger agreement that formed Greenland Energy Company.

Scale indicators10 records

Recent moves8 records

Expansion highlights5 records

Market position

Competitive moat5 records

Customer concentration

• Xx.com/GL_Energy_Co
• LinkedInlinkedin.com/company/greenland-energy-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Greenland Energy Company