About Brg Petroleum
Brg Petroleum is a company based in Tulsa (United States) founded in 2004 was acquired by Chessapeake in December 2004.. Brg Petroleum has raised $26.1 million across 2 funding rounds from investors including Chessapeake. The company has 73 employees as of December 31, 2022. Brg Petroleum offers products and services including Oil and Gas Acquisition and Developmental Drilling.
- Headquarter Tulsa, United States
- Employees 73 as on 31 Dec, 2022
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
- Legal Name Brg Energy Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$26.1 M (USD)
in 2 rounds
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Latest Funding Round
$15 M (USD), Series B
Apr 16, 2014
- Investors
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Employee Count
73
as on Dec 31, 2022
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Acquired by
Chessapeake
(Dec 27, 2004)
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Products & Services of Brg Petroleum
Brg Petroleum offers a comprehensive portfolio of products and services, including Oil and Gas Acquisition and Developmental Drilling. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Acquisition of producing properties is conducted for developmental purposes
Low-risk drilling is performed in proven areas to develop reserves
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Funding Insights of Brg Petroleum
Brg Petroleum has successfully raised a total of $26.1M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in April 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $15.0M
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First Round
First Round
(13 Jun 2013)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2014 | Amount | Series B - Brg Petroleum | Valuation |
investors |
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| Jun, 2013 | Amount | Series B - Brg Petroleum | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Brg Petroleum
Brg Petroleum has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Chessapeake. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Unconventional oil and gas exploration and production are conducted.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Brg Petroleum
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Brg Petroleum
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Brg Petroleum Comparisons
Competitors of Brg Petroleum
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Brg Petroleum
When was Brg Petroleum founded?
Brg Petroleum was founded in 2004 and raised its 1st funding round 9 years after it was founded.
Where is Brg Petroleum located?
Brg Petroleum is headquartered in Tulsa, United States. It is registered at Tulsa, Oklahoma, United States.
Is Brg Petroleum a funded company?
Brg Petroleum is a funded company, having raised a total of $26.1M across 2 funding rounds to date. The company's 1st funding round was a Series B of $11.1M, raised on Jun 13, 2013.
How many employees does Brg Petroleum have?
As of Dec 31, 2022, the latest employee count at Brg Petroleum is 73.
What does Brg Petroleum do?
Brg Petroleum was founded in 2004 and is headquartered in Tulsa, United States. Focus is placed on the oil and gas sector, with producing properties acquired and low-risk developmental drilling undertaken in proven areas. Reserves from known deposits are developed through cost controls and competitive bidding on goods and services. Savings achieved are passed to partners.
What products or services does Brg Petroleum offer?
Brg Petroleum offers Oil and Gas Acquisition and Developmental Drilling.
Who are Brg Petroleum's investors?
Brg Petroleum has 1 investor. Key investors include Chessapeake.