Dt.Rohstoff

What Dt.Rohstoff does

Deutsche Rohstoff AG is a Mannheim, Germany-based publicly listed holding company (Scale segment of Frankfurt Stock Exchange, ticker DR0) founded in 2006. The company focuses on the identification, development, and operation of raw material deposits, with its core business being oil and gas production in the United States. Operations are conducted through four operating subsidiaries based in Denver, Colorado — 1876 Resources (97.65% owned), Salt Creek Oil & Gas (100%), Bright Rock Energy (95%), and Elster Oil & Gas (93%) — which collectively operate 227 active wells (121 as operator, 106 as non-operator) across approximately 70,000 acres in the Powder River Basin (Wyoming) and Denver-Julesburg Basin (Colorado). The company also holds a strategic minority investment in Almonty Industries, a Toronto- and NASDAQ-listed tungsten miner with operations in Portugal and the Sangdong project in South Korea.

The underlying production technology is state-of-the-art US shale development: horizontal drilling with lateral lengths of 1 to 2.5 miles combined with multi-stage hydraulic fracturing using water, sand, and chemical additives at depths of 1 to 4 kilometers. The company has drilled over 100 horizontal wells since 2015 and employs a proprietary "green flowback" process for new wells that minimizes leaks and avoids gas flaring. Well pads are fully automated with on-site separation facilities and environmental monitoring, reducing personnel requirements.

The business model is a B2B commodity producer: oil is sold at West Texas Intermediate (WTI) prices and natural gas at Henry Hub or CIG prices directly from well pads to specialized logistics companies, which retain fees for transport and marketing. The company hedges up to 50% of expected production for the next 12-24 months through NYMEX or directly via banks and physical dealers. FY2025 revenue reached EUR 195 million with EBITDA of EUR 132 million and consolidated net income of EUR 29 million. The reserve base stands at 79 million BOE (proved + probable) with a 10% discounted cash flow value of USD 553 million. The company is financed through equity (EUR 220 million equity, 38% equity ratio) and two corporate bonds (EUR 100 million 2023/28 at 7.50%, EUR 50 million 2025/30 at 6.00%), with a Net Debt/EBITDA ratio of 1.1x.

Name

Dt.Rohstoff

Legal name

Deutsche Rohstoff AG

Website

https://rohstoff.de

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Short description

Deutsche Rohstoff AG is a Mannheim-based listed holding company that produces oil and gas in the US through four Denver-managed subsidiaries in the Powder River and Denver-Julesburg basins, and holds a strategic tungsten investment via Almonty Industries.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Production

NAICS

Oil and Gas Extraction (211), Natural Gas Extraction (21113)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Exploration & Prospecting (Geology, Geophysics, Seismic) (EUALAAAA)

Keywords

• Oil and gas production
• Upstream energy operations
• Horizontal drilling services
• Strategic metals investment
• Battery metals exploration

Headquarters

HQ city

Mannheim

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Oil and Gas Production Revenue: Primary revenue stream from production and sale of crude oil and natural gas in the USA. Oil sold at West Texas Intermediate (WTI) prices; natural gas sold at Henry Hub or CIG prices. Revenue subject to commodity price fluctuations; company hedges up to 50% of expected production for 12-24 months.
2. Strategic Metals Investments: Investment income from strategic and battery metals operations, including tungsten mining through Almonty Industries. Revenue from minority stakes and portfolio companies in metals sector.
3. Joint Venture Participation: Revenue from participation as non-operator in oil wells drilled by other companies. Salt Creek Oil & Gas participates as non-operator in joint ventures.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Deutsche Rohstoff AG is a German holding company that produces crude oil and natural gas in the USA through four operating subsidiaries (1876 Resources, Salt Creek Oil & Gas, Bright Rock Energy, Elster Oil & Gas) in the Denver-Julesburg Basin (Colorado) and Powder River Basin (Wyoming). The company also holds a strategic investment in Almonty Industries, a tungsten mining company listed on the Toronto Stock Exchange and NASDAQ. Production is sold at market prices (WTI for oil, Henry Hub/CIG for gas) and partially hedged.

Product overview

Deutsche Rohstoff AG is an energy and raw materials company structured as a holding company with two main business divisions: Energy and Strategic/Battery Metals. The Energy division operates through four U.S. subsidiaries (1876 Resources, Salt Creek Oil & Gas, Bright Rock Energy, and Elster Oil & Gas) that produce oil and gas in the Rocky Mountain region. The Metals division includes investments in strategic metals, notably tungsten through Almonty Industries. The company also issues corporate bonds (Bond 2023/28 and Bond 2025/30) for financing. This is not a software/SaaS product company but an industrial raw materials and energy production company.

Differentiator

Problem solved

Functional benefit

Products and services

• 1876 Resources Oil and gas production company operating in the Denver-Julesburg Basin (Colorado) and Powder River Basin (Wyoming) producing crude oil, natural gas, and NGLs from horizontal wells. Deutsche Rohstoff holds 97.65% stake. Customers are specialized logistics companies purchasing at WTI for oil and Henry Hub/CIG for gas.
• Salt Creek Oil & Gas Non-operator oil and gas company based in Denver, Colorado that participates in wells drilled by other operators. Deutsche Rohstoff holds 100% stake. In 2026 Salt Creek will participate in an additional drilling program with an established operator in the Powder River Basin.
• Bright Rock Energy Oil and gas company focusing on identifying new acquisitions and partnerships, with acreage in Ohio (Utica and Point Pleasant formations). Deutsche Rohstoff holds 95% stake. At the end of 2024 Bright Rock Energy transferred almost all of its acreage to 1876 Resources as part of an intra-group acreage transfer.
• Elster Oil & Gas Oil and gas company with acreage in the Denver-Julesburg Basin, Colorado. Deutsche Rohstoff holds 93% stake. Civitas Resources developed Elster's acreage and brought 40 wells into production between 2015 and 2018; Elster holds a non-operating position in these wells.
• Almonty Industries (Strategic Investment) Minority strategic investment in a Toronto Stock Exchange and NASDAQ listed tungsten mining company. Almonty specializes in tungsten mining in Portugal and is developing the Sangdong mine in South Korea, scheduled to start production in 2026 as the largest tungsten mine outside China.

Quantifiable outcome

• Daily production of ~13,550 BOEPD (barrels of oil equivalent per day) in 2025
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Almonty IndustriescoreStrategic or Co-development PartnerAlmonty Industries is listed on Toronto Stock Exchange and NASDAQ. Specializes in tungsten mining with operations in Portugal and development of Sangdong project in South Korea. Deutsche Rohstoff holds investment in this strategic metals company. Sangdong mine scheduled to start production in 2026 and will be the largest tungsten mine outside China.
• Occidental Petroleum (Oxy)coreStrategic or Co-development PartnerTwo joint ventures with Occidental Petroleum in Wyoming. Total of 31 wells brought into production in 2023 and 2024 through these joint ventures. The 'green flowback process' is used in the joint venture with Oxy.
• Civitas ResourcesminorChannel Partner/ Reseller/ DistributorOperator that developed Elster Oil & Gas acreage in Denver-Julesburg Basin, Colorado. Brought 40 wells into production between 2015 and 2018. Elster holds non-operating position in these wells.
• Established Operators (Various)coreChannel Partner/ Reseller/ DistributorSalt Creek Oil & Gas participates as non-operator in oil wells drilled by other companies. In 2026, Salt Creek will participate in an additional drilling program with an established operator in the Powder River Basin, Wyoming.
• ICF BANK AG WertpapierhandelsbankcoreChannel Partner/ Reseller/ DistributorSole Lead Manager for the 2023/28 bond (EUR 100 million, 7.50% coupon). Manages bond issuance and placement.
• Montega Markets GmbH (Wolfgang Steubing AG)coreChannel Partner/ Reseller/ DistributorSole Lead Manager and Sole Bookrunner for the 2025/30 bond (EUR 50 million, 6.00% coupon). Acted as contractually bound intermediary of Wolfgang Steubing AG Wertpapierdienstleister.

Scale indicators14 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Civitas Resources: Civitas Resources is a US-focused E&P operating primarily in the DJ Basin in Colorado — the same basin where Deutsche Rohstoff's Elster and 1876 Resources subsidiaries operate. Civitas actually developed Elster's acreage between 2015 and 2018, making it both a basin peer and a historical operating partner of Deutsche Rohstoff.
• Range Resources: Range Resources is a US-focused natural gas-weighted E&P operating primarily in Appalachia. Like Deutsche Rohstoff, it combines operated and non-operated positions, sells production into commodity markets, and uses hedging to manage price risk.
• Sitio Royalties Corp: Sitio Royalties is a US-focused mineral and royalty interests company that holds non-operated positions across multiple basins. Its pure royalty model is adjacent to Deutsche Rohstoff's non-operator participation business via Salt Creek Oil & Gas.
• Matador Resources: Matador Resources is a multi-basin US E&P with operations in the Delaware Basin and elsewhere, similar in scale and operator-heavy model to Deutsche Rohstoff. Both companies pursue horizontal drilling in US shale formations with comparable production profiles and capital intensity.
• Northern Oil and Gas: Northern Oil and Gas is a US-focused non-operated E&P with a similar business model to Deutsche Rohstoff's Salt Creek subsidiary: acquiring non-operating working interests in wells drilled by other operators. Its basin-diversified non-op model closely mirrors Deutsche Rohstoff's mix of operator and non-operator wells.
• Whiting Petroleum: Whiting Petroleum is a US-focused E&P operating primarily in the Bakken and DJ basins, with horizontal drilling in shale plays. It is a comparable operator-led, US-onshore oil-weighted producer with similar exposure to commodity prices and basin development dynamics as Deutsche Rohstoff.

Broad incumbents

• Devon Energy: Devon Energy is a large US-focused E&P with operations in the Delaware, Eagle Ford, Anadarko, and Williston basins. As a broad incumbent, it competes with Deutsche Rohstoff for capital, acreage, and JV partners, and demonstrates the strategic playbook for scaling US shale production.
• Occidental Petroleum: Occidental Petroleum (Oxy) is Deutsche Rohstoff's JV partner in two Powder River Basin programs that brought 31 wells into production in 2023-2024. As a major US E&P and DJ/Permian operator, Oxy is both a benchmark incumbent and a direct relationship counterpart for Deutsche Rohstoff's growth strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries5 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 Dt.Rohstoff