Frog Lake Energy Resources Corp.

What Frog Lake Energy Resources Corp. does

Frog Lake Energy Resources Corp. is a privately held, First Nations-owned energy corporation headquartered in Calgary, Alberta, with a secondary operational office in Frog Lake, Alberta. The company is structured to pursue heavy oil and natural gas exploration and production opportunities, primarily on or near the traditional territory of Frog Lake First Nation. Its core activity is the formation and management of joint ventures with established upstream operators rather than direct drilling and production at scale.

The company operates through partnerships with Canadian Natural Resources Limited (CNRL), a senior heavy oil and natural gas producer; Windtalker Energy, focused on heavy oil development in the Frog Lake First Nation territory; West Lake Energy Corp., targeting western Canada exploration; and Rubellite Energy, a heavy crude producer active in the Eastern Alberta Clearwater play. These JV relationships serve as the primary vehicle for revenue generation and operational scale, with the corporate entity likely capturing royalty, override, carried-interest, or direct equity participation in partner-operated assets.

Governance is led by Gregory Desjarlais, who holds dual roles as Chief of Frog Lake First Nation and President & Chief Executive Officer of the corporation. The company employs 1-10 people and is privately financed, with no publicly disclosed funding rounds, revenue figures, or production volumes. Its business model is best characterized as a community-aligned upstream investment vehicle that leverages partnership economics to translate resource rights into economic outcomes for Frog Lake First Nation.

Name

Frog Lake Energy Resources Corp.

Legal name

Frog Lake Energy Resources Corp.

Website

https://flerc.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Frog Lake Energy Resources Corp. is a privately held, First Nations-owned energy corporation based in Calgary and Frog Lake, Alberta, that pursues heavy oil and natural gas exploration and production through joint ventures with established operators including CNRL, Windtalker Energy, West Lake Energy, and Rubellite Energy.

Ownership category

akta.pro rank

Headquarters

HQ city

Calgary, Alberta

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel

Revenue model

1. Crude Oil and Natural Gas Production: Revenue generated through development and production of crude oil and natural gas resources in Western Canada, with operations focused on heavy oil in the Frog Lake First Nation territory.

Distribution channels1 record

Core offering

Frog Lake Energy Resources Corp. is a First Nations-owned energy corporation that explores, develops, and produces crude oil and natural gas resources in Western Canada, with a primary focus on heavy oil operations on Frog Lake First Nation territory. The corporation operates through strategic partnerships with established energy companies and is dedicated to sustainable resource development that respects Indigenous cultural heritage while delivering economic returns to the community.

Product overview

Frog Lake Energy Resources Corp. is a natural resources corporation focused on energy development rather than a software product company. The corporation operates as a single unified business entity providing crude oil production, natural gas production, and natural resource development services. The company works in partnership with energy companies including Canadian Natural Resources Limited, Windtalker Energy Corp., West Lake Energy Corp., and Rubellite Energy Inc. to develop oil and gas resources on Frog Lake First Nation lands. There are no discrete software products, modules, or technology platforms offered — the company's offerings are entirely in the energy and natural resources sector.

Differentiator

Problem solved

Functional benefit

Products and services

• Crude Oil Production
• Natural Gas Production
• Natural Resource Development Services

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Canadian Natural Resources Limited (CNRL)coreStrategic or Co-development PartnerCNRL is a senior crude oil and natural gas production company with operations in Western Canada, UK North Sea, and Offshore Africa. CNRL has a balanced mix of natural gas, light crude oil, heavy crude oil, bitumen and synthetic crude oil representing one of the strongest and most diversified asset portfolios of any independent energy producer in the world.
• Windtalker Energy Corp.coreStrategic or Co-development PartnerWindtalker is a privately held Calgary-based junior energy company primarily focused on development and exploration of heavy oil. Windtalker's heavy oil operations are focused solely on Frog Lake First Nation territory.
• West Lake Energy Corp.coreStrategic or Co-development PartnerWest Lake is a privately held Calgary-based intermediate oil and natural gas company focused on development and exploration in western Canada. Operations are focused in the Provost medium oil region and the Lloydminster heavy oil region, with recent acquisition of conventional oil assets in the Williston Basin of SE Saskatchewan.
• Rubellite Energy Inc.coreStrategic or Co-development PartnerRubellite Energy Inc. is a junior publicly traded Calgary-based Canadian energy company engaged in the exploration, development and production of heavy crude oil in Eastern Alberta. Pursuing organic growth plan utilizing multi-lateral drilling technology.

Scale indicators1 record

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Imperial Oil: Major Canadian integrated energy company with significant heavy oil and oil sands operations in Alberta. Operates in the same Western Canadian basin with overlapping heavy oil exposure.
• Cenovus Energy: Major Canadian integrated oil and gas producer with a heavy oil-weighted portfolio anchored in the oil sands and Lloydminster region. Comparable commodity mix and Western Canadian operating footprint to FLERC's focus area.
• Suncor Energy: Major Canadian integrated energy company with extensive oil sands and heavy oil operations in Alberta. Sets the broader market reference for the heavy oil commodity and Western Canadian operating environment FLERC participates in.
• Canadian Natural Resources Limited (CNRL): Largest independent senior crude oil and natural gas producer in Canada with diversified operations across Western Canada, UK North Sea, and Offshore Africa. Strategic partner of FLERC and the broad incumbent reference point for the asset class FLERC participates in.

Direct peers

• West Lake Energy Corp. Privately held Calgary-based intermediate oil and gas company focused on Provost medium oil and Lloydminster heavy oil regions of Western Canada. Strategic partner of FLERC with directly overlapping asset geography.
• Rubellite Energy Inc. Junior Calgary-based heavy crude oil E&P in Eastern Alberta using multi-lateral drilling. Strategic partner of FLERC and operates in the same Western Canadian heavy oil fairway with comparable technology approach.
• Windtalker Energy Corp. Privately held Calgary-based junior heavy oil company whose operations are focused solely on Frog Lake First Nation territory. Direct operating partner of FLERC on the same asset base with the same commodity exposure.

Regional players

• Whitecap Resources: Calgary-based intermediate oil and gas producer with concentrated operations in Western Canada, including heavy oil in Saskatchewan and Alberta. Similar asset mix and regional footprint to FLERC and its partners.
• Cardinal Energy Ltd. Calgary-based intermediate oil and gas producer with a heavy weighting to low-decline heavy and light oil in Alberta and Saskatchewan. Closely comparable in scale, geography, and commodity mix to FLERC's partnership network.
• Tamarack Valley Energy: Calgary-based intermediate oil and gas company with operations in the Clearwater heavy oil play in Eastern Alberta, directly overlapping Rubellite's and FLERC's heavy oil focus area.

Market position

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/flerc

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Frog Lake Energy Resources Corp.