- CEO
- Daniel Lee Ritz Jr.
- Full Time Employees
- 4
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 5050 Quorum Drive Dallas TX United States of America 75254
- IPO Date
- Jan 8, 2021
- Business
- Arkose Energy Corp. (RKOS) operates as an energy transition company focused on environmentally responsible oil and gas production, acquisition, development, and utilization of associated natural gas for electricity generation to power digital asset mining and data centers. The company offers core services including engineering, technical writing and computerized maintenance management systems (CMMS), construction management, design-build and turnkey solutions, fabrication, reality capture, renewable energy integration, and arc flash safety services; it specializes in converting oil and gas output into power for self-managed digital mining operations while generating carbon offset credits through emission mitigation, asset retirement, and extended production from legacy assets primarily in Texas, Louisiana, New Mexico, Oklahoma, and Wyoming. Founded in 2002 and headquartered at 5050 Quorum Drive, Suite 700, Dallas, Texas, Arkose Energy Corp. was formerly known as CanTex Energy Corporation until its name change in June 2014.
In recent developments, Arkose Energy Corp. reached a full settlement agreement in August 2023 with Archrock Partners Operating LLC, resolving all claims related to previously acquired assets in Parker and Wise Counties, Texas, from Alibates Operating, LLC; the company also acquired oil and gas leases from West Texas Royalties of Amarillo, Texas, expanding its resource base. Earlier, in April 2021, it secured $960,000 in funding through a common shares issuance involving ten investors, supporting operational advancements. These moves align with its strategic shift toward sustainable practices, including flare gas reduction and global emission mitigation using proprietary technology.