What Echelon Resources does

Echelon Resources (ASX:ECH) is an Australasian energy exploration and production company headquartered in Wellington, New Zealand, with assets and operations in both Australia and New Zealand. Originally founded in 1986 as New Zealand Oil & Gas and rebranded to Echelon Resources in 2021, the company holds a portfolio of wholly and partially owned stakes in producing and exploration acreage located in major energy regions across Australia and New Zealand; in New Zealand the business is described as transitioning toward production while exploration winds down. The company is controlled through the Ofer Global Group (via O.G. Energy and O.G. Oil & Gas), and board representation is dominated by Ofer-affiliated executives, including Chairman Samuel Kellner and directors Alastair McGregor and Marco Argentieri.

Echelon Resources makes money by holding and operating upstream oil and gas interests, selling produced hydrocarbons to offtake partners and energy markets under production-revenue and joint-venture economics typical of the E&P sector; it does not disclose pricing or contract structures publicly. Capital is also being deployed into non-core activities, notably a $20 million commitment to the second phase of the Fort Monroe redevelopment in Virginia, converting historic buildings into 85 market-rate apartments. Go-to-market is conducted through ASX disclosures (announcements, annual and quarterly reports), a corporate website, and sustainability reporting, with ESG positioning reinforced through partnerships with Trees That Count and Toitū Tahapara.

The company employs between 11 and 50 staff, led by Managing Director/CEO Andrew Jefferies (a Certified Petroleum Engineer and GAICD with prior Shell experience), CFO Catherine McKelvey, General Counsel Paris Bree, GM Assets & Engineering Daniel Leeman, and GM Commercial Michael Wright. Independent directors include Dr Rosalind Archer (University of Auckland petroleum-engineering professor) and Rod Ritchie (former OMV HSSE senior vice president). There are no disclosed software products, AI/ML capabilities, or technology platforms; the underlying technology stack consists of conventional upstream oil and gas exploration, development, and production activities supported by petroleum-engineering analysis.

Name

Echelon Resources

Legal name

Echelon Resources

Website

https://echelonresources.com

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Short description

Echelon Resources is an Australasian oil and gas exploration and production company (ASX:ECH), headquartered in Wellington, New Zealand, holding producing and exploration acreage in Australia and New Zealand and controlled by the Ofer Global Group.

Ownership category

akta.pro rank

Headquarters

HQ city

Wellington

HQ country

New Zealand

HQ region

Oceania

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Distribution channels1 record

Marketing channels3 records

Core offering

Echelon Resources is an Australasian energy exploration and production company that holds stakes in producing and exploration acreage across Australia and New Zealand. The company generates revenue through the sale of produced hydrocarbons to offtake partners and energy markets, supported by joint venture arrangements and asset transactions. Operations are guided by rigorous scientific and engineering analysis and a focus on robust business cases across both onshore and offshore assets.

Product overview

Echelon Resources is an Australasian energy exploration and production company (ASX:ECH) headquartered in Wellington, New Zealand. The company operates onshore and offshore oil and gas assets in Australia and New Zealand. Their portfolio includes wholly and partly owned producing and exploration assets, with operations spanning Australia (producing and exploration assets) and New Zealand (production continues as exploration ends). The company is committed to rigorous scientific and engineering analysis and robust business cases, guided by ethical standards and strong ESG values. As an energy producer rather than a software or technology company, Echelon Resources does not offer discrete software products, modules, or technology platforms.

Differentiator

Problem solved

Functional benefit

Brands

• Eftsure: Mentioned in investor relations as a related entity/service.

Products and services

• Oil and gas exploration and production

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Fort Monroe AuthoritycoreStrategic or Co-development Partner · 18 February 2026The Fort Monroe Authority announced Echelon Resources will convert two historic buildings (Post Hospital and Old Arsenal Building) into 85 market-rate apartments as part of a $35 million total commitment to Fort Monroe projects. Echelon is investing $20 million for this second phase of redevelopment, with buildings scheduled to open in early 2028.
• Trees That CountminorOthersEchelon Resources supports Trees That Count, a New Zealand initiative focused on environmental sustainability and carbon offset programs.
• Toitū TahaparaminorOthersEchelon Resources has Rainbow Tick certification, demonstrating commitment to diversity and inclusion in the workplace.

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Origin Energy: ASX-listed integrated energy company (ASX:ORG) with upstream E&P, power generation, and retail energy operations in Australia. Comparable as an Australasian energy producer but operates as a much broader incumbent across the energy value chain.
• OMV AG: European integrated oil and gas major with Australasian operations (notably the Maari field in New Zealand) and a long corporate history in the region. Relevant broad incumbent peer given Rod Ritchie's senior HSSE leadership at OMV and overlap with New Zealand E&P operations.
• Inpex Corporation: Japanese-listed integrated E&P major (TSE:1605) with significant Australian LNG interests including Ichthys. Relevant broad incumbent peer due to its meaningful Australasian upstream presence and overlap with the regional operating environment.
• Woodside Energy: ASX-listed major Australian E&P (ASX:WDS) with significant Australian and international LNG and upstream operations. A broad incumbent peer in the same Australasian upstream space but operating at significantly larger scale with a more diversified portfolio.
• Santos Limited: ASX-listed major Australian E&P (ASX:STO) operating across Australia, Papua New Guinea, and Timor-Leste with producing and LNG assets. A larger incumbent peer operating in the same Australasian geographies as Echelon but at much greater scale and with broader product mix.

Direct peers

• Cooper Energy: ASX-listed small-cap Australian E&P (ASX:COE) focused on gas exploration and production in the Otway and Gippsland basins. Comparable to Echelon in size, regional focus, and the mix of producing assets with exploration upside in Australasia.
• Beach Energy: ASX-listed mid-cap Australian oil and gas E&P company (ASX:BPT) focused on producing and exploration assets in the Cooper and Otway basins. Highly comparable to Echelon as a smaller, regionally-focused ASX E&P operator with a mix of producing and exploration acreage.
• Todd Corporation: Privately-held New Zealand-based energy company with upstream oil and gas interests (including the Kapuni and Mangahewa fields) and broader energy and resources activities. Closest direct peer to Echelon by virtue of NZ-based private energy operations in the same producing fields.
• Oil Search Limited: Historically ASX-listed Papua New Guinea-focused E&P company, now operating as a subsidiary of Santos following 2022 merger. Comparable direct peer in size and Australasian upstream focus prior to the merger, and remains relevant for historical benchmarking of the regional E&P peer set.

Emerging players

• Carnarvon Petroleum: ASX-listed Australian E&P (ASX:CVN) focused on exploration acreage in the North West Shelf and other Australasian basins. Comparable emerging peer with similar size and Australasian upstream focus, though more weighted toward exploration than production.

Market position

Strengths3 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/echelonresources

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Echelon Resources