- CEO
- Bradley Robert Docherty
- Full Time Employees
- 6
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- 421 - 7th Ave S.W. Calgary AB Canada T2P 4K9
- IPO Date
- Mar 16, 2022
- Business
- Source Rock Royalties Ltd. (SRR.V) is a Canada-based royalty company focused on acquiring and managing royalties and streams primarily on oil and gas properties. The company offers royalty interests, net profit interests, and other non-operating revenue streams from producing and development-stage assets; it provides investors with exposure to energy sector cash flows without direct operational risks. Source Rock targets undervalued or overlooked royalty opportunities in North America, emphasizing low-cost acquisition strategies in conventional oil and gas plays.
Founded in 2020 and headquartered in Calgary, Alberta, the company operates principally in Western Canada, with a portfolio centered on assets in Alberta, Saskatchewan, and British Columbia. Its business segments include acquisition of existing royalties from producers or private sellers; origination of new royalty deals through farm-ins or financing arrangements; and portfolio management to optimize revenue from mature and emerging wells. Source Rock serves institutional and retail investors seeking yield-oriented investments in the energy royalty space.
Recent developments include the acquisition of additional royalty interests in key Western Canadian basins during 2024, bolstering its production profile amid favorable commodity prices. The company announced strategic financings to fund portfolio expansion, including a private placement that strengthened its balance sheet for opportunistic deals. Source Rock continues to pursue growth through targeted royalty purchases, maintaining a debt-free structure to capitalize on market dislocations in the energy sector.