Funded Startups

Oil And Gas Exploration And Production Startups That Raised Funding in Canada

Explore Oil And Gas Exploration And Production startups that raised funding in Canada. Funding amounts, company details, and insights — all in one place.

Last update: May 26, 2026 · Data: Aug 2025 – May 2026

Whitecap Resources

Location: -

Funding: Raised to C$20.00

Date: 31 days ago

Whitecap Resources Inc. is a Calgary-based oil and gas exploration and production company. It focuses on acquiring and developing long-life, low-decline conventional oil and natural gas assets in Western Canada to generate stable cash flows.

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Paramount Resources

Location: Calgary, Alberta, Canada

Website: paramountresources.com

Funding: Raised to C$31.00

Date: 114 days ago

Paramount Resources is a Calgary-based upstream oil and gas company specializing in the exploration, development, and production of natural gas and petroleum assets in Western Canada. It focuses on optimizing its portfolio to deliver stable production growth and shareholder value.

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Whitecap Resources

Location: Calgary, Alberta, Canada

Website: whitecapresources.com

Funding: Raised to C$15.00

Date: 122 days ago

Whitecap Resources is a Calgary-based oil and gas exploration and production company specializing in the acquisition, development, and production of light oil and natural gas assets in western Canada, aiming to deliver steady production growth and strong returns for shareholders.

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New Zealand Energy Corp.

Location: Vancouver, British Columbia, Canada

Website: newzealandenergy.com

Funding: Closes C$3.5 M

Date: 136 days ago

New Zealand Energy Corp is a TSXV-listed oil and gas exploration and production company focused on exploring, developing and operating onshore and offshore hydrocarbon assets in New Zealand’s basins to drive sustainable energy production.

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Cardinal Energy

Location: Calgary, Alberta, Canada

Website: cardinalenergy.ca

Funding: Raised to C$9.50

Date: 138 days ago

Cardinal Energy is a Calgary-based oil and gas exploration and production company focused on acquiring, developing, and optimizing conventional oil and gas assets in Western Canada.

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Cardinal Energy

Location: -

Funding: Raised to C$9.50

Date: 138 days ago

Cardinal Energy is a Canadian oil and gas exploration and production company headquartered in Calgary, focusing on the development and production of crude oil and natural gas assets in Western Canada to deliver sustainable cash flow and growth.

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Spartan Delta

Location: -

Funding: Raised to C$9.50

Date: 168 days ago

Spartan Delta is a Canadian oil and gas exploration and production company focused on acquiring, developing, and producing liquid-rich natural gas reserves in the Montney formation of Western Canada.

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Spartan Delta

Location: -

Funding: Raised to C$9.00

Date: 171 days ago

Spartan Delta is a Canadian upstream energy company specializing in exploration, development, and production of oil and gas assets in the Western Canadian Sedimentary Basin. The company aims to optimize asset performance and maximize shareholder value through disciplined capital allocation and operational efficiency.

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Birchcliff Energy

Location: -

Funding: Raised to C$10.00

Date: 183 days ago

Birchcliff Energy is a Calgary-based oil and gas exploration and production company focused on developing and operating natural gas and light oil assets in Alberta’s Peace River region, delivering reliable energy supplies to North American markets.

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Parex Resources

Location: -

Funding: Raised to C$20.50

Date: 190 days ago

Parex Resources is a Calgary-based oil and gas exploration and production company with core upstream operations in Colombia, offering investors exposure to Latin American hydrocarbon assets.

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Vermilion Energy

Location: -

Funding: Raised to C$16.00

Date: 194 days ago

Vermilion Energy is a Calgary-based oil and gas exploration and production company with diversified operations across North America, Europe and Australia, focused on generating stable cash flows through disciplined asset development.

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Cenovus Energy

Location: Calgary, Alberta, Canada

Website: cenovus.com

Funding: Raised to C$33.50

Date: 196 days ago

Cenovus Energy is a Canadian integrated oil and natural gas company headquartered in Calgary, specializing in the exploration, production and upgrading of oil sands and conventional crude oil and natural gas assets to deliver efficient and sustainable energy solutions.

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Tamarack Valley Energy

Location: Calgary, Alberta, Canada

Funding: Raised to C$9.00

Date: 201 days ago

Tamarack Valley Energy is a Canadian oil and gas company engaged in acquiring, developing and producing light oil and natural gas assets in Western Canada, with a focus on generating sustainable production growth and strong free cash flows.

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Peyto Exploration & Development

Location: Calgary, Alberta, Canada

Funding: Raised to C$21.50

Date: 221 days ago

Peyto Exploration & Development is a Calgary-based oil and gas exploration and production company specializing in the development and production of natural gas, natural gas liquids, and condensate in Western Canada, focusing on cost-efficient operations to generate stable cash flows and shareholder returns.

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Cenovus Energy

Location: Calgary, Alberta, Canada

Website: cenovus.com

Funding: Raised to C$29.00

Date: 297 days ago

Cenovus Energy is a Canadian integrated oil and natural gas company headquartered in Calgary, Alberta, engaged in the exploration, production, and upgrading of crude oil and natural gas assets with a focus on thermal oil recovery operations.

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Critical One Energy Inc.

Location: Toronto, Canada

Website: criticaloneenergy.com

Funding: Closes CDN$3 M

Date: 303 days ago

Critical One Energy Inc. is a Toronto-based publicly traded energy company that raises capital through private placements to fund the exploration and development of oil and gas projects.

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How to Use This Data

This page shows funded Oil And Gas Exploration And Production startups in Canada. Use this intelligence to:

  • + Identify sales opportunities with companies that raised funding and are likely expanding
  • + Research market trends by analyzing which startups are attracting investment in specific sectors
  • + Track competition and potential partnership opportunities in your target markets

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