About Payrock Energy
Payrock Energy is a company based in Oklahoma City (United States) founded in 2012 was acquired by Marathon Oil Company in June 2016.. Payrock Energy offers products and services including Oil and Gas Production and Asset Acquisition.
- Headquarter Oklahoma City, United States
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Verdun Oil Company
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Marathon Oil Company
& 1 more
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Employee Count
Employee Count
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Acquired by
Marathon Oil Company
(Jun 20, 2016)
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Products & Services of Payrock Energy
Payrock Energy offers a comprehensive portfolio of products and services, including Oil and Gas Production and Asset Acquisition. 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.
Acquiring, developing, and producing assets in shale trends is undertaken by Verdun Oil Company to support hydrocarbon extraction and operational activities
Growth through a series of acquisitions is managed by Verdun Oil Company to expand asset size and production capabilities in South Texas
Funding Insights of Payrock Energy
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2012 | Amount | Seed - Payrock Energy | Valuation |
investors |
| 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 Payrock Energy
Payrock Energy has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Marathon Oil Company and EnCap Investments. 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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Investment in energy sectors including upstream, midstream, and energy transition.
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Founded Year | Domain | Location | |
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Oil and gas exploration and production are conducted globally.
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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 Payrock Energy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 - Payrock Energy
| 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 |
Payrock Energy Comparisons
Competitors of Payrock Energy
| 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 Payrock Energy
When was Payrock Energy founded?
Payrock Energy was founded in 2012.
Where is Payrock Energy located?
Payrock Energy is headquartered in Oklahoma City, United States. It is registered at Oklahoma City, Oklahoma, United States.
What does Payrock Energy do?
Payrock Energy was established in 2012 as a private entity in the oil and gas sector, based in Oklahoma City, United States. Operations center on the identification and acquisition of reserves, followed by development and production activities aimed at optimizing recovery. Efforts are directed toward enhancing operational efficiency, informed decision-making, and profitability, with returns allocated to employees, landowners, and local communities.
What products or services does Payrock Energy offer?
Payrock Energy offers Oil and Gas Production and Asset Acquisition.
Who are Payrock Energy's investors?
Payrock Energy has 2 investors. Key investors include Marathon Oil Company, and EnCap Investments.