U.S. Oil and Gas

What U.S. Oil and Gas does

U.S. Oil & Gas plc is a pre-revenue, Ireland-incorporated oil and gas exploration company that operates through its wholly owned U.S. subsidiary, Major Oil International LLC, in Hot Creek Valley, Nye County, Nevada. Its sole material asset is a multi-tract federal BLM lease position (52,046 acres under court-ordered suspension plus 1,223 unconstrained acres expiring in 2030) located 35 miles west of Railroad Valley, which has produced over 40 million barrels of oil. The company has drilled three exploration wells to date: Eblana-1 (2012), Eblana-3 (2018), and Eblana-9 (2020), all non-commercial, though Eblana-1 and Eblana-3 flowed high-quality oil (API 28.5-34.5) to surface.

The technical program relies on conventional and advanced geophysical methods — 3D seismic, Vertical Seismic Profile analysis (processed by Halliburton), geochemical surveys, gravity, magnetic, and energy absorption analysis — plus an Infrasonic Passive Differential Spectroscopy (IPDS) workflow. Independent technical work by Forrest Garb & Associates (2013) and Baker Hughes Inc. (2017) has estimated contingent recoverable resources in Hot Creek Valley, with Baker Hughes reporting 206.6 million barrels Best Estimate Contingent Recoverable Oil on a 20% recovery factor basis. The company has identified two distinct plays: an East Play analog to Railroad Valley's Trap Spring field (15.2 million barrels produced to 2015) and a West Play analog to Grant Canyon (historically containing the most productive onshore well in the USA at over 4,000 bopd).

The business model is conventional early-stage upstream exploration: the company raises capital exclusively through private share placements to fund exploration activities, with no commercial production revenue generated to date. Disclosed funding rounds from 2010 through January 2026 total roughly $6 million across eight rounds, with proceeds declining in size and culminating in a $153,416.56 stabilization loan from a Swiss-based consortium in January 2026. The company is publicly listed on GXG Markets (USOP) and OTC in the United States (USOPY), but both venues are low-liquidity; it was delisted from London's PLUS Exchange in April 2012. Operations were curtailed in December 2021 with an 80% salary reduction across a 1-10 person team. The customer/segment is the upstream oil and gas industry, though the company's near-term customers are effectively private investors providing capital to mature the asset to production.

Name

U.S. Oil and Gas

Legal name

U.S. Oil & Gas plc

Website

https://usoilandgas.us

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

U.S. Oil & Gas plc is a pre-revenue, Ireland-incorporated onshore oil and gas exploration company operating through Major Oil International LLC on 52,046+ acres of federal BLM leases in Hot Creek Valley, Nevada, pursuing two plays analogous to Railroad Valley's Trap Spring and Grant Canyon fields.

Ownership category

akta.pro rank

Product category

Onshore Oil and Gas Exploration

NAICS

Oil and Gas Extraction (2111)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

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

akta.pro secondary industry

Seismic & Geoscience Services (Acquisition, Processing, Interpretation) (EUALABAK)

Keywords

• Oil and gas exploration
• Onshore upstream operations
• Conventional hydrocarbon exploration
• Federal lease acreage drilling
• Exploration acreage leasing

Headquarters

HQ city

Ballsbridge

HQ country

Ireland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others, Technology or R&D

Revenue model

1. Capital Raising / Equity Placements: The company is pre-revenue and raises capital exclusively through private share placings to fund exploration activities. No commercial production revenue has been generated.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

U.S. Oil & Gas plc is a publicly listed onshore oil and gas exploration company that holds federal lease acreage in Hot Creek Valley, Nye County, Nevada through its wholly owned subsidiary Major Oil International LLC. The company identifies and matures conventional hydrocarbon prospects in the early phase of the upstream lifecycle, applying advanced geophysical, geochemical, and basin modeling techniques. To date the company has drilled three non-commercial exploration wells (Eblana-1, Eblana-3, Eblana-9) and identified two prospective plays analogous to Railroad Valley's Trap Spring and Grant Canyon fields.

Product overview

U.S. Oil & Gas plc is an oil and gas exploration company with a strategy to identify and acquire oil and gas assets in the early phase of the upstream life-cycle and mature them. The company operates primarily through its wholly owned subsidiary Major Oil International LLC, which holds exploration and development acreage in Hot Creek Valley, Nevada. The company's main asset consists of federal lease acreage with two identified prospects: the East Play and the West Play. The company has drilled multiple wells including Eblana-1, Eblana-3, and Eblana-9, with Eblana-1 and Eblana-3 flowing high quality oil (API 28.5-34.5). The company also holds 52,046 acres impacted by a court-ordered suspension and two leases totaling 1,223 acres not constrained by the court order that do not expire until 2030.

Differentiator

Problem solved

Functional benefit

Products and services

• Oil and Gas Exploration Services

Quantifiable outcome

• 206.6 million barrels Best Estimate Contingent Recoverable Oil (20% recovery factor)

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Bureau of Land Management (BLM)coreOthersFederal agency responsible for managing public lands and mineral resources. Company holds federal leases through BLM and requires permits for drilling operations. BLM granted suspension of operations for leases NVN 090572, NVN 090573, NVN 090617 in August 2022.
• Major Oil International LLCcoreStrategic or Co-development PartnerWholly owned US subsidiary through which the company holds federal lease acreage in Hot Creek Valley, Nevada. All exploration activities are conducted through this subsidiary.

Scale indicators5 records

Recent moves11 records

Expansion highlights3 records

Broad incumbents

• Devon Energy Corporation: Major US-based independent E&P with significant conventional and unconventional onshore operations across multiple basins. A scaled incumbent in the same broad US upstream industry, included only for industry categorization context.
• SandRidge Energy, Inc. US-based larger independent E&P historically focused on conventional and resource plays across multiple US basins. Broad industry overlap at significantly greater scale and capitalization than U.S. Oil & Gas.
• Civitas Resources, Inc. Large US-based independent E&P operator focused on conventional and unconventional onshore oil and gas assets across multiple basins. A much larger established incumbent with deeper balance sheet, broader production base, and vastly more capital resources — included for industry-context overlap.

Direct peers

• Panhandle Oil and Gas Inc. US-based small-cap E&P and mineral rights company operating onshore conventional assets with a relatively small capitalization. Comparable business model focused on upstream conventional onshore activity in the US.
• Ring Energy, Inc. US-based small-cap independent E&P focused on conventional onshore oil and gas assets, primarily in the Permian Basin. Comparable scale, onshore US focus, and conventional asset base, though Ring has producing assets while U.S. Oil & Gas does not.
• Baron Oil plc: UK-listed small-cap oil and gas exploration company focused on onshore unconventional assets, with a small team and historical dependence on equity placings. Comparable in scale, exploration-only profile, and capital markets position.
• Abraxas Petroleum Corporation: US-based small-cap independent E&P engaged in exploration and production of conventional onshore US oil and gas. Comparable in micro-cap scale, US onshore conventional focus, and historical dependence on equity financing to fund operations.
• Empyrean Energy plc: UK-listed micro-cap E&P explorer with no current production, focused on early-stage exploration assets across multiple jurisdictions. Comparable pre-revenue, small-team, AIM-traded profile with similar reliance on equity raisings to advance drilling.
• Empire Petroleum Corporation: US-based small-cap independent oil and gas operator focused on exploration, development, and production of conventional US onshore oil and gas assets. Comparable as a small onshore US-focused E&P with similar external-capital dependence.
• TomCo Energy plc: AIM-listed micro-cap oil and gas exploration company with a small team and pre-revenue status, similarly reliant on equity placings to fund drilling operations. Highly comparable in size, capital-constrained structure, and exploration-stage profile.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

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 U.S. Oil and Gas