About Brg Petroleum
Brg Petroleum is an Energy & Utilities company based in Tulsa (United States) founded in 2004, and was acquired by Chessapeake in December 2004. Low-risk oil and gas properties are acquired and developed. Brg Petroleum has raised $26.1 million across 2 funding rounds from investors including Chessapeake. The company has 73 employees. Brg Petroleum offers products and services including Oil and Gas Acquisition and Developmental Drilling. Its focus areas include Energy, Oil & Gas Upstream and Diversified. Its legal entity is BRG Energy Inc.
Company details
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.
- Headquarters Tulsa, United States
- Employees 73
- Stage Acquired
- SectorsEnergy & Utilities
- Website brgcorp.com
- Acquired by Chessapeake (Dec 2004)
- Legal Name Brg Energy Inc
- Total Equity Funding$26.1M (USD)
in 2 rounds
- Latest Funding Round$15M (USD), Series B
Apr 2014
- Investors
- Employee Count73
- Acquired byChessapeake
(Dec 2004)
Products & Services of Brg Petroleum
Brg Petroleum offers a comprehensive portfolio of products and services, including Oil and Gas Acquisition and Developmental Drilling.
Acquisition of producing properties is conducted for developmental purposes
Low-risk drilling is performed in proven areas to develop reserves
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 $26.1M
- Total Rounds 2
- Last Round Series B — $15M
- First Round $11.1M
(Jun 2013)
All 2 funding rounds of Brg Petroleum with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2014 | $15M | Series B | – | – | – |
| Jun 2013 | $11.1M | Series B | – | – | – |
1 investors in total: 1 institutional.
Investors in Brg Petroleum
Brg Petroleum has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Chessapeake.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Unconventional oil and gas exploration and production are conducted. | 1989 | chk.com | Oklahoma City, United States |
Investor details for Brg Petroleum
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Brg Petroleum
11 people are tracked at Brg Petroleum (5 in leadership, 6 in team); the tracked headcount is 73.
| Name | Role | Group |
|---|---|---|
Scott Gruns | VP - Production | Leadership |
Brian Flynn | Vice President- Geology | Leadership |
Mike Burkhart | Executive Vice President | Leadership |
Mindy Kirkpatrick | Director of Marketing | Leadership |
Bj Reid | President | Leadership |
Jesse Griffith | Production Manager | Team |
Chris Powers | Production Technician | Team |
Susan Robinson | Revenue Accountant | Team |
Lisa Locke Martin | Revenue Analyst | Team |
Biz Telford | Production Analyst | Team |
Lisa Bagwell | Production Analyst | Team |
Complete people profiles for Brg Petroleum
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Brg Petroleum
4 dated milestones of Brg Petroleum across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Brg Petroleum is founded.
- Exit Acquired by Chessapeake.
- Funding First funding round of $11.1M.
- Funding Latest funding round, Series B, of $15.0M.
Web traffic of Brg Petroleum
The website of Brg Petroleum (brgcorp.com) receives about 1.8K visits a month.
- Monthly visits1.8K
▼ 17.7% vs previous month
Top companies in Oil & Gas Operations
3 companies that operate in the same segment as Brg Petroleum (Oil & Gas Operations) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Oilfield services and products are supplied worldwide by Schlumberger. | 1926 | United States | USD 35.69 B | 110,000 | ||
bp is recognized as a global energy company. | 1909 | United States | USD 185.5 B | 100,500 | ||
Energy production and transportation are conducted by Dominion Energy. | 1983 | United States | USD 16.73 B | 14,700 |
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Frequently Asked Questions about Brg Petroleum
Brg Petroleum was founded in 2004 and raised its 1st funding round 9 years after it was founded.
Brg Petroleum is headquartered in Tulsa, United States. It is registered at Tulsa, Oklahoma, United States.
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 2013.
Brg Petroleum has 73 employees.
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.
Brg Petroleum offers Oil and Gas Acquisition and Developmental Drilling.
Brg Petroleum has 1 investor. Key investors include Chessapeake.
Brg Petroleum operates through Brg Energy Inc.
Yes. Brg Petroleum was acquired by Chessapeake in December 2004.