About SRC Energy
SRC Energy is a company based in Denver (United States) founded in 2008 was acquired by PDC Energy in August 2019. The company has 120 employees.
- Headquarter Denver, United States
- Employees 120
- Stage Public
- SectorsEnergy & Utilities
- Phone•••• ••••
- Website srcenergy.com
- Social LinkedIn
- Acquired by PDC Energy (Aug 2019)
- Annual Revenue$124.84 M (USD)20as on Dec 31, 2015
- Net Profit$18.04 M (USD)-37as on Dec 31, 2015
- EBITDA$63.49 M (USD)-17as on Dec 31, 2015
- Latest Funding Round$550M (USD), Debt – Conventional
Nov 2017
- Investors
- Employee Count120
- Acquired byPDC Energy
(Aug 2019)
Funding Insights of SRC Energy
- Total Rounds 1
- Last Round Debt – Conventional — $550M
- First Round $550M
(Nov 2017)
All 1 funding rounds of SRC Energy 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 |
|---|---|---|---|---|---|
| Nov 2017 | $550M | Debt – Conventional | – | – | – |
1 investors in total: 1 institutional.
Investors in SRC Energy
SRC Energy has secured backing from 1 investor. Prominent investors backing the company include Chevron.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Chevron Corporation is engaged in global energy production and sustainability. | 1969 | pdce.com | Denver, United States |
Investor details for SRC Energy
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 SRC Energy
1 people are tracked at SRC Energy (1 in leadership); the tracked headcount is 120.
| Name | Role | Group |
|---|---|---|
Lynn Alan Peterson | CEO & President | Leadership |
Complete people profiles for SRC Energy
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 SRC Energy
4 dated milestones of SRC Energy across 11 years, from founding to its latest funding, stage changes and deals.
- Founded SRC Energy is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $550.0M.
- Exit Acquired by PDC Energy.
Similar companies to SRC Energy
10 companies that operate in the same segment as SRC Energy (Oil & Gas Operations), 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 | |
MET Group is engaged in energy trading and renewable production. | 2012 | Zug, Zug, Switzerland | USD 58.74 M | USD 33.52 M | – | |
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 | |
Provider of oil & gas downstream services | 1997 | United States | – | USD 13.55 B | 10,680 | |
Energy infrastructure services are provided by Kinder Morgan. | 1997 | United States | – | USD 16.81 B | 10,930 | |
Shell is recognized as a global energy and petrochemical company. | 1907 | London, England, United Kingdom | – | USD 262.93 B | 104,000 | |
Provider of natural gas & oil exploration and transportation services | 1922 | Buenos Aires, Argentina | – | – | – | |
Midstream services for oil and gas are provided. | 1996 | Dallas, Texas, United States | – | USD 85.54 B | 16,250 | |
Integrated petroleum services are provided worldwide by Oxy. | 1920 | Houston, Texas, United States | – | USD 21.56 B | 13,320 |
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Frequently Asked Questions about SRC Energy
SRC Energy was founded in 2008 and raised its 1st funding round 9 years after it was founded.
SRC Energy is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Lynn Alan Peterson is the current CEO of SRC Energy.
SRC Energy has 120 employees.
Annual revenue of SRC Energy is $124.84M as on Dec 31, 2015.
SRC Energy was founded in 2008 as an oil and natural gas exploration and production company. Operations are centered in the Denver-Julesburg Basin across Colorado and Wyoming. Techniques such as horizontal drilling and fracturing are employed to enhance hydrocarbon recovery. Approximately 200 wells are maintained, yielding over 45,000 barrels of oil equivalent per day, based on December 2017 data. The company is headquartered in Denver, United States.
SRC Energy has 1 investor. Key investors include Chevron.
Yes. SRC Energy was acquired by PDC Energy in August 2019.