Who we are
Source Rock is a pure-play oil and gas royalty company that has been actively implementing and executing on its business model since inception in 2013. All of Source Rock's royalties are located within the WCSB. Source Rock's existing royalties are predominantly light oil focused, and Source Rock continues to target royalty acquisitions in oil assets. Source Rock is focused on the acquisition of already existing royalties as well as creating new royalties in the working interests of exploration and production companies (and establishing ongoing working relationships).
Our Strategy
Source Rock's strategy is premised on being a sustainable and scalable business. Source Rock strives to execute on a balanced growth and yield business model. While top-line royalty revenue and royalty production growth are important to the long-term success of Source Rock's business, management views a strong operating netback per barrel as the key metric for the success and sustainability of the business.
Our Impact
Source Rock’s low-cost structure provides insulation from macro and industry specific inflationary pressures and positions the business to maximize bottom-line growth when royalty production and revenue increase via new drilling, accretive acquisitions or higher commodity prices. Maintaining low costs also provides insulation from decreases in production volumes and commodity prices. Source Rock further protects itself from industry volatility by having a strong balance sheet and no debt .