United Energy Corporation

What United Energy Corporation does

United Energy Corporation is a privately held diversified energy holding company headquartered in Bismarck, North Dakota, operating since 1967 under family ownership (Kopseng family, with Loren Kopseng as CEO/President and Ryan Kopseng as Executive Vice President). The company runs five main operating subsidiaries — United Energy Trading (UET), Missouri River Royalty Corporation (MRRC), Rainbow Gas Company, Rainbow Energy Marketing Corporation (REMC), and Peak Energy Ltd. — plus the RC Energy joint venture with Grupo CLISA formed in 2016. Its business spans the full energy value chain: oil and gas exploration and production through royalty interests in more than 3,700 wells in the Williston Basin (Bakken-Three Forks/Shale plays), natural gas and crude oil marketing across approximately 100 gas pipelines and all major U.S. oil fields (claiming over 1 million barrels of crude throughput per day), deregulated electricity services across the U.S., Canada, and Mexico since 1994, and regional natural gas retail in Saskatchewan.

The business model is B2B-focused, generating revenue through transaction-fee marketing of natural gas, crude oil, NGLs, and refined products (United Energy Trading), royalty and production income from upstream oil and gas interests (MRRC), and wholesale/retail electricity and gas supply under deregulated market structures (REMC, Rainbow Gas, Peak Energy, RC Energy). On April 30, 2026, the company completed a $31 million acquisition of Alkane Modus Vis Inc and assets from Alkane Midstream, launching the Energy Fulfillment™ platform — a 100,000-gallons-per-day LNG production facility in Seminole, Texas (with a planned 150,000-gallons-per-day expansion to 250,000 gallons/day) serving industrial, oilfield, and data infrastructure customers across seven U.S. states. The company projects annualized 2026 revenue of $15M-$20M and ~30% EBITDA margins from this new platform. Customer segments span industrial, wholesale, and commercial energy consumers; residential and small business retail gas customers; independent power producers; commercial and industrial end users on the WBI Energy Transmission system; and — newly targeted — data center and oilfield LNG customers.

Name

United Energy Corporation

Legal name

United Energy Corporation

Website

https://uecorporation.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1–10 employees

Short description

Diversified, family-owned energy holding company in Bismarck, North Dakota, operating through five subsidiaries spanning oil and gas E&P, natural gas and crude oil marketing, deregulated electricity services, and a newly acquired LNG production platform serving industrial, commercial, and data infrastructure customers across the U.S., Canada, and Mexico.

Ownership category

akta.pro rank

Product category

Diversified Energy Services

NAICS

Fuel Dealers (45721), Crude Petroleum Extraction (211120), Natural Gas Distribution (2212)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171), Crude Petroleum & Natural Gas (1311), Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Crude Oil & Refined Products Trading & Marketing (EUAGAAAD)

akta.pro secondary industries

Distributed Energy & Gas Solutions Sales (CHP, Microgrids, On-site Gas Supply) (EUAAADAJ), Residential Natural Gas Sales & Customer Growth (EUAAADAD), Unbranded/Spot Fuels Distribution (Rack Sales) (EUALAIAC)

Keywords

• Oil and gas exploration
• Natural gas marketing
• Crude oil trading
• Wholesale electricity services
• LNG production

Headquarters

HQ city

Bismarck

HQ country

United States

HQ region

North America

Offices14 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Oil and Gas Production and Exploration: United Energy Corporation engages in oil and gas production and exploration through its subsidiary Missouri River Royalty Corporation, which focuses on the Williston Basin in North Dakota and Montana in the Bakken-Three Forks/Shale plays, with interests in over 3,700 oil and natural gas wells.
2. Natural Gas and Power Marketing: Through United Energy Trading, LLC (UET), the company markets natural gas, crude oil, NGLs and refined products, purchasing, transporting, storing and selling over 1 million barrels of crude oil per day. Also provides natural gas to commercial, industrial, and residential customers.
3. Crude Oil Marketing and Midstream: Crude oil marketing and oil and gas midstream projects, including the Energy Fulfillment™ platform with LNG production facilities.
4. LNG Production and Distribution: LNG production facility in Seminole, Texas with 100,000-gallons-per-day capacity, expanding to 250,000 gallons per day, serving industrial, oilfield, and data infrastructure customers.
5. Electricity Services: Rainbow Energy Marketing Corporation (REMC) focuses on satisfying the supply and demand of electricity services, operating in deregulated energy markets since 1994 in the US, Canada and Mexico.

Distribution channels7 records

Core offering

United Energy Corporation is a diversified energy holding company operating through five subsidiaries across the energy value chain: oil and gas exploration and production (3,700+ wells in the Williston Basin), natural gas marketing on approximately 100 pipelines across the U.S., Canada and Mexico, crude oil trading exceeding 1 million barrels per day, electricity services in deregulated markets, and LNG production and distribution through its Energy Fulfillment™ platform acquired from Alkane in April 2026.

Product overview

United Energy Corporation is a diversified energy holding company operating through five main subsidiaries under conservative business models. The portfolio includes: United Energy Trading (natural gas/crude oil marketing across 100+ pipelines), Missouri River Royalty Corporation (oil and gas E&P with 3,700+ wells in the Williston Basin), Rainbow Gas Company (regional natural gas supplier on WBI Energy Transmission), Rainbow Energy Marketing Corporation (electricity services, deregulated sector pioneer since 1994), Peak Energy (Saskatchewan natural gas retailer), and RC Energy (wholesale energy joint venture with Grupo CLISA). Additionally, the Energy Fulfillment™ platform provides integrated LNG production and distributed power generation assets acquired from Alkane, targeting data centers and industrial energy users.

Differentiator

Problem solved

Functional benefit

Products and services

• United Energy Trading, LLC (UET) Natural gas, crude oil, NGLs and refined products marketer that helps optimize pricing, minimize risk, and provide asset management services from the well head to all business levels. Markets natural gas in the U.S., Canada and Mexico on approximately 100 gas pipelines and purchases, transports, stores and sells over 1 million barrels of crude oil per day.
• Missouri River Royalty Corporation (MRRC) Privately owned oil and gas exploration and production company focused mainly in the Williston Basin in North Dakota and Montana in the Bakken-Three Forks/Shale plays, with interests in over 3,700 oil and natural gas wells.
• Rainbow Gas Company Regional natural gas marketer that supplies natural gas to commercial and industrial end-use customers located on the WBI Energy Transmission system.
• Rainbow Energy Marketing Corporation (REMC) Electricity services provider and pioneer in the deregulated energy sector since 1994, operating projects in the United States, Canada and Mexico.
• RC Energy Joint venture between Rainbow Energy Marketing Corporation and Grupo CLISA, specializing in wholesale energy supply and marketing while offering competitive energy solutions to independent power producers and large industrial and commercial end users.
• Peak Energy Ltd. Natural gas retailer that supplies natural gas to commercial and industrial end-use customers in Saskatchewan, Canada.
• Energy Fulfillment™ Platform Integrated energy fulfillment platform combining LNG production, integrated infrastructure, and distributed power generation assets targeting industrial, oilfield, and data infrastructure customers across key US markets.

Quantifiable outcome

• 100,000 gallons per day LNG production capacity expanding to 250,000 gallons per day
• +3 more outcomes

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor and core.

• Alkane MidstreamminorOthers · 30 April 2026United Energy Corporation purchased assets from Alkane Midstream in a $31 million deal effective April 30, 2026. This acquisition expanded its Energy Fulfillment™ platform with integrated infrastructure and distributed power generation assets, and a 100,000-gallons-per-day LNG production facility in Seminole, Texas.
• Grupo CLISAcoreStrategic or Co-development Partner · 1 January 2016RC Energy is a joint venture between Rainbow Energy Marketing Corporation (a subsidiary of United Energy Corporation) and Grupo CLISA, established in 2016. The joint venture combines the resources and experience of the two respective companies to specialize in wholesale energy supply and marketing while offering efficient and competitive energy solutions to independent power producers and large industrial and commercial end users.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Cheniere Energy: Largest U.S. LNG exporter and the dominant incumbent in domestic LNG infrastructure; comparable as a large-scale LNG production-and-distribution incumbent that UEC's emerging platform must compete with for data center customers.
• Vitol: Global energy and commodities trader handling more than 7 million barrels per day of crude and products; a broad incumbent whose U.S. crude logistics and natural gas marketing overlap directly with UEC's UET operations.
• Vistra Energy: Large integrated retail electricity and power generation provider with competitive retail operations across multiple U.S. states — comparable as a broader incumbent in deregulated electricity markets that REMC has served since 1994.
• Mercuria Energy Trading: One of the world's largest independent energy commodity traders with integrated crude, refined products, natural gas, and power operations — a much larger incumbent serving the same end markets as UEC's UET and REMC subsidiaries.

Direct peers

• Genesis Energy: Midstream energy operator with crude oil, natural gas, and NGL logistics assets — directly comparable to UEC's midstream crude logistics and UET storage/blending operations.
• Continental Resources: Historically the largest pure-play Bakken/Williston Basin producer; directly comparable to MRRC's 3,700-well E&P exposure in the same shale plays of North Dakota and Montana.
• Castleton Commodities International: Privately held, family-controlled global energy commodities merchant trading oil, gas, power, and metals — directly comparable to UEC's diversified trading-and-marketing model across multiple geographies and commodities.
• Range Resources: Independent upstream natural gas and NGL producer with marketing capability — comparable to UEC's combination of MRRC production and UET natural gas/NGL marketing.
• Tellurian: LNG developer focused on producing and marketing U.S. LNG, including to data center and industrial buyers — the closest pure-play comparable to UEC's newly acquired Seminole LNG platform and Energy Fulfillment™ strategy.
• Whiting Petroleum: Bakken-focused upstream operator with concentrated Williston Basin exposure; a direct peer to MRRC's royalty and production interests in the same play.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/united-energy-corporation-nd

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries6 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 United Energy Corporation