What changed
📄 Phoenix Energy One, LLC
Phoenix Energy One, LLC is an oil and natural gas company focused on the acquisition and management of mineral, royalty, and working interests. As of December 31, 2024, the company owned interests in 7,036 productive wells across major basins including the Bakken/Williston, DJ Basin, and Permian Basin. The company also operates through its subsidiary, PhoenixOp, which drills and develops wells, primarily in the Williston Basin.
Offering: $750,000,000 at $750,000,000 valuation
Key risk: We do not currently own any registered intellectual property rights relating to our software system and may be subject to competitors developing the same technology.
Why it matters
Phoenix Energy One, LLC is an oil and natural gas company focused on the acquisition and management of mineral, royalty, and working interests. As of December 31, 2024, the company owned interests in 7,036 productive wells across major basins including the Bakken/Williston, DJ Basin, and Permian Basin. The company also operates through its subsidiary, PhoenixOp, which drills and develops wells, primarily in the Williston Basin.