- CEO
- Lloyd Timothy Rochford
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 8211 E. Regal Place Tulsa OK United States of America 74133
- IPO Date
- Feb 23, 2023
- Business
- Circle Energy, Inc. is an independent oil and gas exploration and production company primarily engaged in the acquisition, development, and production of oil and natural gas properties, with a strategic focus on leases in Texas. The company's core operations center on oil and natural gas leaseholds, including a 75% working interest in an 80-acre lease located in Andrews County, Texas. Its principal products and services include exploration, drilling, and production activities, alongside joint venture partnerships for area development and mineral rights acquisitions. Founded in 2021 and headquartered in Nevada, Circle Energy targets the upstream energy sector and operates chiefly in the United States, with emphasis on oil and gas asset control and resource expansion. Recent significant corporate developments include entering a farmout agreement and joint venture with Boa Vista, LLC to develop an extended area of mutual interest encompassing approximately 880 acres adjacent to its existing lease. This agreement replaces a previous arrangement with Aspen Energy Partners, reflecting strategic operational continuity and partnership realignment. Consideration for these agreements involved upfront and drilling commencement payments, with the company maintaining a majority working interest and net revenue interest in the relevant assets. Circle Energy has not yet generated revenue as it currently does not have producing wells but continues development efforts to initiate production and achieve commercial viability. The company remains focused on expanding its leasehold acreage and advancing exploration in promising Texas oil and gas zones.