Top 10 Small Independent Oil and Gas Exploration Companies in North America in 2021 by Reserves
Chord Energy Corporation, Crew Energy Inc, Extraction Oil & Gas Inc, W&T Offshore Inc, and Denbury Inc are the top 5 small independent oil & gas exploration companies in North America in 2021 by reserves. In aggregate, the top 10 small independent oil & gas exploration companies in North America had reserves of 1,407 million barrels of oil equivalent (MMboe), where Chord Energy Corporation had the highest reserves (182 MMboe), followed by Crew Energy Inc (182 MMboe), and Extraction Oil & Gas Inc (146 MMboe), while Amplify Energy Corp had the lowest reserves (114 MMboe). The small independent oil & gas exploration companies in North America generated revenue of $7389 million. In terms of the geographic split, 2 out of 10 of North America's largest small independent oil & gas exploration companies are based in Canada, while the remaining 8 are based in the US. The top 10 Small Independent Oil and Gas Exploration companies employed a total of 2,469 people in 2021. The US-based Chord Energy Corporation is the leading small independent oil & gas exploration company in North America (by reserves). The company reported revenues of $1,580 million for the fiscal year ended December 2021 (FY2021), an increase of 45.8% as compared to FY2020. Chord Energy Corporation is an independent exploration and production company that focuses on the acquisition and development of unconventional oil and natural gas resources. It focuses on exploiting significant resource potential base on the Bakken and Three Forks formations in the Williston Basin, US. The operating profit of the company was $809.4 million in FY2021. Canada-based Crew Energy Inc is one of the leading small independent oils & gas exploration companies in North America (by reserves). The company reported revenues of $181 million for the fiscal year ended December 2021 (FY2021), an increase of 47.6% as compared to FY2020. The company is an exploration and production company that offers our long-term production and development of crude oil and natural gas resources. It offers exploration, development, strategic acquisitions, operations, management, and production programs and employs 58 people in FY2021.