SRC Energy
SRC Energy Inc. is an independent upstream oil and natural gas producer that explores for and produces crude oil and natural gas from the Niobrara formation in Colorado's Wattenberg Field within Weld County's DJ Basin, selling to commodity-market buyers.
- Company typePublic
- Founded2005
- HeadquartersPlatteville, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
SRC Energy firmographics
Firmographics- Name
- SRC Energy
- Legal name
- SRC Energy Inc.
- Website
- https://srcenergy.com
- Company type
- Public
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- SRC Energy Inc. is an independent upstream oil and natural gas producer that explores for and produces crude oil and natural gas from the Niobrara formation in Colorado's Wattenberg Field within Weld County's DJ Basin, selling to commodity-market buyers.
- Ownership category
- akta.pro rank
SRC Energy industry classification
Industry- Product category
- Upstream Oil and Gas Exploration & Production
- NAICS
- Crude Petroleum Extraction (211120), Natural Gas Extraction (21113), Oil and Gas Extraction (211)
- SIC
- Crude Petroleum & Natural Gas (1311)
- akta.pro primary industry
- Unconventional Gas E&P (Shale/Tight Gas) (EUAAAAAC)
Keywords
Where SRC Energy is headquartered
LocationHeadquarters
- HQ city
- Platteville
- HQ country
- United States
- HQ region
- North America
Markets served
SRC Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Technology or R&D
SRC Energy product offering
Product offeringCore offering
SRC Energy is an independent upstream oil and natural gas company engaged in the exploration, development, and production of crude oil and natural gas hydrocarbons. Its acreage and operations are concentrated in the Niobrara formation within Colorado's Wattenberg Field in Weld County, part of the DJ Basin. The company generates revenue by selling the crude oil and natural gas it produces from these wells at prevailing market prices.
Differentiator
Problem solved
Functional benefit
Companies that use SRC Energy
Customer profileSegments1 record
Ideal customer profiles1 record
SRC Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
SRC Energy competitors and assessment
Company assessmentDirect peers
- Civitas Resources: Civitas Resources is the largest pure-play DJ Basin operator after merging Bonanza Creek, Extraction, and Crestone Peak. It is the closest direct comp to SRC Energy given identical focus on the Niobrara and Codell formations in Weld County with the same Wattenberg Field acreage footprint.
- Crestone Peak Resources: Crestone Peak was a Niobrara-focused DJ Basin pure-play (now combined into Civitas), serving the same Weld County acreage with comparable horizontal well design. It is a direct peer in scale, asset quality, and single-basin operating model.
- PDC Energy: PDC Energy operates in the Wattenberg Field and surrounding DJ Basin with Niobrara and Codell development programs highly comparable to SRC Energy's. As a public independent, it provides a market trading and operating benchmark for SRC's single-basin strategy.
- Bonanza Creek Energy: Bonanza Creek was a DJ Basin-focused upstream operator (now part of Civitas) with virtually identical Wattenberg Field / Niobrara acreage exposure, making its pre-merger profile the cleanest historical comp for SRC Energy on reserves, well-economics, and capital allocation.
- Extraction Oil & Gas: Extraction Oil & Gas was a DJ Basin pure-play operator (subsequently combined into Civitas) with Niobrara and Codell drilling programs targeting the same Weld County acreage as SRC Energy. Pre-merger financials and operating metrics serve as a near-clone benchmark for SRC's business model.
Broad incumbents
- EOG Resources: EOG Resources is a large US independent with a meaningful DJ Basin / Niobrara position alongside a multi-basin portfolio. While broader than SRC Energy, EOG competes in the same Weld County leasehold and offers a benchmark for unit-cost discipline among premium-fracked shale operators.
- Noble Energy: Noble Energy operated substantial DJ Basin acreage alongside larger Permian, Eagle Ford, and offshore assets before its acquisition by Chevron. Its Weld County Niobrara operations overlapped directly with SRC Energy's focus area and historically provided service-cost and well-design benchmarks for the basin.
Emerging players
- Crescent Energy: Crescent Energy acquired SRC Energy in 2021, inheriting the Wattenberg Field position and becoming a direct continuation of SRC's operating footprint. While broader and multi-basin post-merger, Crescent's DJ Basin performance remains directly traceable to the SRC Energy asset base.
- Whiting Petroleum: Whiting Petroleum is a US independent upstream operator with a similar capital-structure and single-basin (Bakken) focus. While the basin differs, it is a useful peer for evaluating how small public E&Ps trade on reserves life, hedging policy, and reinvestment discipline.
Others
- Anadarko Petroleum: Anadarko held significant DJ Basin / Wattenberg Field interests before being acquired by Occidental. Its Niobrara development program established key technical benchmarks (lateral lengths, completions designs) that continue to inform operators like SRC Energy, providing a historical analog for large-scale basin development.
Market position
Customer concentration
SRC Energy social profiles
Digital presenceSRC Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
SRC Energy leadership team
Management profileNumber of profiles
Profiles1 record
SRC Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SRC Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SRC Energy
What does SRC Energy do?
SRC Energy is an independent upstream oil and natural gas company engaged in the exploration, development, and production of crude oil and natural gas hydrocarbons. Its acreage and operations are concentrated in the Niobrara formation within Colorado's Wattenberg Field in Weld County, part of the DJ Basin. The company generates revenue by selling the crude oil and natural gas it produces from these wells at prevailing market prices.
Is SRC Energy a public or private company?
SRC Energy is a public company. It is classified as public and is currently operating.
When was SRC Energy founded?
SRC Energy was founded in 2005. It employs 101 to 250 people.
Where is SRC Energy based?
SRC Energy is headquartered in Platteville, United States, in the North America region.
Who are SRC Energy's main competitors?
Direct peers on record are Civitas Resources, Crestone Peak Resources, PDC Energy, Bonanza Creek Energy and Extraction Oil & Gas. Broad incumbents are EOG Resources and Noble Energy. Emerging players are Crescent Energy and Whiting Petroleum. Anadarko Petroleum is listed as an others.
Does SRC Energy have an API?
No public API is recorded for SRC Energy.
What industry is SRC Energy in?
SRC Energy's product category is Upstream Oil and Gas Exploration & Production. Its primary akta.pro industry code is EUAAAAAC, Unconventional Gas E&P (Shale/Tight Gas). Its NAICS code is 211120 and its SIC code is 1311.