Rise Oil & Gas

General Information
Business:

We are an independent oil and gas exploration and production company. (Incorporated in Nevada)

We are an independent oil and natural gas company focused on securing high-quality, long-lived oil and natural gas assets to create a sustainable inventory of highly economic wells. We have established our initial acreage position in the Permian Basin; however, we actively evaluate opportunities in other oil and natural gas producing regions. As of August 1, 2022, we had acquired our initial acreage position, comprised of a 100% interest in 2,480 contiguous undeveloped leasehold acres in the Texas portion of the Permian Basin. In addition to our initial acreage position, as of June 30, 2023, we have acquired an additional 3,256 gross (1,052 net) undeveloped leasehold acres in other areas within the Texas portion of the Permian Basin. We have no revenue-generating operations as of the date of this prospectus.

Our founders, Kelly Hoffman and Daniel Wilson, have decades of experience in the oil and natural gas industry. During that time, they have established, operated, developed and sold or merged multiple companies, and they have arranged and raised over a billion dollars in financing for oil and natural gas projects and development.

Our long-term objective is to create stockholder value by identifying and assembling a portfolio of low-risk, long-lived oil and natural gas production assets with attractive economic profiles. We will strive to leverage the technical and managerial expertise of our founders to deliver profitable results from our properties. In the near-term, our objective is to commence operations on our undeveloped leasehold acreage while we continue to search for and evaluate additional attractive acquisition opportunities. Our primary goals are to efficiently drill and develop our prospects, create proved reserves, achieve production, and generate operating cash flow. We anticipate drilling one to two wells on our currently undeveloped leasehold acreage in the next six to 12 months.

Our founders began working together on this venture in December of 2020 and became formally organized as a Texas corporation on June 21, 2021 as EDI Operating, Inc. We changed our name to Rise Oil & Gas, Inc. on January 26, 2022. On March 21, 2023, we converted from a Texas corporation to a Nevada corporation.

Note: Net loss figure is for the 12 months that ended Sept. 30, 2023. The company is a start-up. It has no revenues from operations, the prospectus says.

(Note: Rise Oil & Gas, Inc. filed an S-1/A dated Dec. 11, 2023, in which it updated its financial statements for the period that ended Sept. 30, 2023. Background: Rise Oil & Gas, Inc. filed its S-1 on July 3, 2023. The company submitted confidential IPO documents to the SEC  on Jan. 19, 2023.)

Industry: CRUDE PETROLEUM & NATURAL GAS
Employees: 5
Founded: 2021
Contact Information
Address 8911 N. Capital of Texas Highway, Suite 4200 Austin, Texas 78759
Phone Number (512) 615-7473
Web Address http://www.RiseOil.com/
View Prospectus: Rise Oil & Gas
Financial Information
Market Cap $28.13mil
Revenues $0 mil (last 12 months)
Net Income $-2.39 mil (last 12 months)
IPO Profile
Symbol RISE
Exchange NYSE - American
Shares (millions): 2.0
Price range $5.00 - $5.00
Est. $ Volume $10.0 mil
Manager / Joint Managers ThinkEquity
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change