Liberty Pioneer Energy Source

What Liberty Pioneer Energy Source does

Liberty Pioneer Energy Source, Inc. (LPES) is a privately held, independent oil and gas exploration and development company headquartered in Orem, Utah. Founded in 2002 by Daniel R. Gunnell, the company is licensed and bonded to operate in Utah and Texas, with historical operations spanning the Rocky Mountain and Gulf Coast regions. LPES conducts full-cycle E&P activities including geologic and geophysical analysis, title research, mineral rights leasing, well permitting, wildcat and development drilling, and well operations. The company has directly operated more than 100 oil and gas wells across Texas and Utah, and its executive team has historically participated in leasing and acquiring more than 1,000,000 acres of mineral rights.

LPES generates revenue through the direct production and sale of oil and gas from operated wells and participates in production from jointly developed properties. The company maintains a balanced portfolio of low-risk, low-cost projects with high upside potential, executing both organic projects and joint ventures with technically excellent partners. Strategic relationships have been established with major industry operators including Anadarko, Chesapeake, Encana, Talisman, and PetroCanada-Suncor, while service delivery is contracted to tier-one oilfield providers such as Halliburton, Schlumberger, Patterson-UTI Energy, and Weatherford International. The target customer base consists of shareholders and investors seeking returns through oil and gas exploration and production, with production sold into commodity markets.

The company is founder-controlled, with Daniel R. Gunnell serving as President & CEO and Kimball E. Hodges as Vice President & CFO. The company operates with a small headcount of 11-50 employees and has no disclosed external funding, institutional ownership, or public market presence. Distribution is direct: LPES operates wells and brings production to market through commodity sales channels rather than through any branded distribution network. Marketing activity is limited to a corporate website linking to industry commodity price resources.

Name

Liberty Pioneer Energy Source

Legal name

Liberty Pioneer Energy Source, Inc.

Website

https://libertypioneer.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Liberty Pioneer Energy Source is a private, independent oil and gas exploration and development company founded in 2002 and headquartered in Orem, Utah, operating wells across Utah and Texas. The company executes full-cycle E&P activities from geologic analysis through production, selling oil and gas into commodity markets and partnering with major industry operators.

Ownership category

akta.pro rank

Headquarters

HQ city

Orem

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Oil and Gas Production Revenue: LPES generates revenue through the acquisition, development, and exploration of natural resources. The company produces oil and gas from operated wells and participates in production from properties they acquire and develop.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Liberty Pioneer Energy Source is an independent oil and gas exploration and development company that acquires, develops, and operates oil and gas properties. The company offers full-cycle capabilities from inception to production, including geologic and geophysical analysis, title research, mineral rights leasing, well permitting, wildcat and development drilling, and efficient well operations. It focuses on a balanced portfolio of low-risk, low-cost projects with high upside potential, primarily in Utah.

Product overview

Liberty Pioneer Energy Source is an independent oil and gas exploration and development company offering a unified suite of services spanning the full E&P lifecycle. The core offering comprises end-to-end exploration and development services (geologic analysis, title research, mineral rights leasing, well permitting, drilling, and production operations), combined with strategic acquisition and development of producing properties with proven reserves. The company also facilitates joint ventures and acquisitions/divestitures with industry partners. These services are delivered as an integrated offering rather than separate modular products.

Differentiator

Problem solved

Functional benefit

Products and services

• Oil and Gas Exploration and Development Services End-to-end oil and gas exploration and development services including geologic and geophysical analysis, title research, mineral rights leasing, well permitting, wildcat and development drilling, bringing wells on production, and efficient well operations for partners and investors.
• Acquisition and Development of Oil and Gas Properties Acquisition and development of producing oil and gas properties with proven undeveloped reserves (PUDs), behind pipe reserves, and opportunities for increased productivity through enhanced operations; maintained as a balanced portfolio of low-risk, low-cost projects with high upside potential.
• Joint Ventures and Acquisitions/Divestitures Participation in joint ventures and execution of acquisitions and divestitures with industry partners including Anadarko, Chesapeake, Encana, Talisman, PetroCanada-Suncor, and others, providing deal structuring and asset transfer capabilities.

Quantifiable outcome

• 30% reduction in operating costs while increasing production by 20% in a recent acquisition

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eight partnerships are on record, tiered minor and core.

• Mentors InternationalminorStrategic or Co-development Partner · 1 January 2002LPES has partnered with Mentors International, a non-profit organization that provides micro-credit finance in third world countries. LPES CEO Daniel Gunnell serves as a board member of Mentors International.
• State of Utah School and Institutional Trust Lands Administration (SITLA)coreStrategic or Co-development PartnerLPES works very closely with SITLA for federal exploratory drilling units and property access in Utah.
• Bureau of Land Management (BLM)coreStrategic or Co-development PartnerLPES forms federal exploratory drilling units and coordinates regulatory approvals with BLM.
• Utah Division of Oil, Gas and MiningcoreStrategic or Co-development PartnerLPES works closely with Utah state regulatory agencies for drilling permits and operations.
• Anadarko Petroleum CorporationminorStrategic or Co-development PartnerIndustry partner with whom Mr. Gunnell has negotiated joint ventures and/or acquisitions/divestitures.
• Chesapeake Energy CorporationminorStrategic or Co-development PartnerIndustry partner with whom Mr. Gunnell has negotiated joint ventures and/or acquisitions/divestitures.
• Encana CorporationminorStrategic or Co-development PartnerIndustry partner with whom Mr. Gunnell has negotiated joint ventures and/or acquisitions/divestitures.
• PetroCanada-SuncorminorStrategic or Co-development PartnerIndustry partner with whom Mr. Gunnell has negotiated joint ventures and/or acquisitions/divestitures.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Expand Energy (formerly Chesapeake Energy): Major U.S. natural gas-weighted independent. LPES's CEO has a documented JV relationship with Chesapeake; relevant as a counterparty and broader industry incumbent.
• SM Energy: Mid-cap U.S. independent E&P with significant Rocky Mountain and Permian operations. Overlaps LPES's basin profile but operates at much larger scale and offers broader geographic diversification.
• Anadarko Petroleum (now Occidental): Major U.S. independent (now part of Occidental) historically active across Rockies and onshore U.S. LPES's CEO has negotiated JVs with Anadarko, making it a known counterparty rather than a direct competitor.

Direct peers

• Citation Oil & Gas: Privately held, small-scale independent oil and gas operator focused on mature U.S. onshore assets. Closely comparable to LPES in size, private status, and operator-only business model.
• Crescent Point Energy: Mid-cap independent E&P focused on North American onshore light/medium oil. Comparable business model (acquire-develop-produce) and similar focus on low-risk, liquids-rich conventional assets.
• Civitas Resources: Pure-play Rocky Mountain/DJ Basin independent E&P formed via Bonanza Creek–Extraction merger. Comparable to LPES in regional focus on Rocky Mountain conventional assets, though materially larger.
• Wapiti Energy: Small privately held E&P focused on U.S. onshore Rocky Mountain opportunities. Directly comparable to LPES as a small private operator pursuing low-risk onshore production.
• Painted Pony Energy: Small-cap North American upstream E&P. Comparable in scale, private-like profile, and pure-play conventional production orientation.

Others

• Schlumberger (SLB): Global oilfield services and technology company and a contracted service provider to LPES. Relevant ecosystem participant providing technical services LPES leverages in its operations.
• Halliburton: Largest North American oilfield services company and a contracted service provider to LPES. Included as an ecosystem participant — not a competitor — that supplies the drilling/completion capability LPES relies on.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/liberty-pioneer-energy-source

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 Liberty Pioneer Energy Source