Wedgemount Resources Corp.

About Wedgemount Resources Corp.

Wedgemount Resources is a low-cost, growth-focused oil and gas producer in the Permian Basin of West Central Texas. The company aims to acquire, develop, and optimize conventional oil and gas properties, using innovative enhanced recovery techniques to increase production and cash flow with limited capital investment. They have partnered with a Texas-based oilfield management firm with over 50 years of local expertise.

Products & Services

Oil Platform:Services related to oil platform operations in the Permian Basin.

Producing Oil Wells:Management of 136 conventional producing vertical oil wells.

Restoring & Increasing Oil Production:Techniques to organically increase production, achieving over 8x growth on chemically treated and optimized wells as of October 2024.

Injector Wells:Operation of 10 injector wells for on-site water disposal to keep costs low and support water-flood pilot programs.

Specialties

Acquisition and optimization of conventional oil and gas properties Enhanced recovery techniques for production optimization Low-cost operations in the Permian Basin

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Warrant Exercise T: - FT: Warrant Exercise	A: 886000 MR: - FA: $886,000 FAN: 886000	D: 2023-05-24 FD: 2023-05-24	-
2	RT: Private Placement T: - FT: Private Placement	A: 913750 MR: - FA: CAD$913,750 FAN: 913750	D: 2023-05-19 FD: 2023-05-19	-
3	RT: Private Placement T: - FT: Private Placement	A: 815000 MR: - FA: CAD$815,000 FAN: 815000	D: 2023-05-11 FD: 2023-05-11	-
4	RT: Private Placement T: - FT: Private Placement	A: 120398 MR: - FA: CAD$120,398 FAN: 120398	D: 2023-04-20 FD: 2023-04-20	-
5	RT: Debt T: - FT: Debt	A: 400000 MR: - FA: US$400,000 FAN: 400000	D: 2023-02-21 FD: 2023-02-21	1 investors

Warrant Exercise Latest

2023-05-24

$886K

Private Placement 2023-05-19

$914K

Private Placement 2023-05-11

$815K

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Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Team & Leadership

S

Simon Clarke

Director at Wedgemount Resources Corp.

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