What is Trek Resources?
Trek Resources, Inc. is an independent energy firm primarily engaged in the exploration, development, exploitation, and acquisition of on-shore oil and natural gas properties within conventional producing areas of the United States. Originally incorporated in Utah in 1983 as Quasar-Tech, Inc., the company has evolved significantly. Following a merger with McGowen Oil & Gas Company, Inc. in 1992, it was renamed McGowen Resources Company, Inc., before adopting its current name, Trek Resources, Inc., in June 2000. The company recently reincorporated in Delaware. Trek Resources conducts its main operations in Oklahoma and Texas, with additional non-operated interests in New Mexico. Its growth strategy has historically centered on acquiring producing properties and prospects.
How much funding has Trek Resources raised?
Trek Resources has raised a total of $850K across 2 funding rounds:
Debt
$350K
Debt
$500K
Debt (2020): $350K with participation from PPP
Debt (2021): $500K led by PPP
Key Investors in Trek Resources
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Trek Resources?
The recent major strategic investment in Trek Resources signals a pivotal moment for the company's expansion and operational enhancement. With a history of growth driven by strategic acquisitions, this latest capital infusion is expected to fuel further development of its oil and natural gas assets in key regions like Oklahoma and Texas. The enterprise-level funding suggests Trek Resources is poised for significant scaling, potentially through further property acquisitions or enhanced exploration initiatives. This strategic backing will likely bolster its competitive position within the domestic energy market.
See full Trek Resources company page
