Circle Energy Inc (CRCE) is an exploration-stage oil and natural gas company focused on acquiring and developing oil and natural gas properties in the Permian Basin region of Texas. The company has no producing wells, generates zero revenue, and funds operations through capital raises. Circle Energy was incorporated in Nevada on December 7, 2021, and as of the 10-K filed March 24, 2026, holds a controlling working interest in leasehold acreage subject to drilling obligations under a farmout agreement. General and administrative expenses totaled $73,663 for the year ended December 31, 2025, compared to $63,936 for the year ended December 31, 2024, producing a net loss of $73,663 in FY2025. The company has never established proved reserves or commenced drilling operations. Lloyd T. Rochford serves as Chief Executive Officer and William R. Broaddrick as Chief Financial Officer. Circle Energy does not pay dividends and had approximately 57 registered holders of record as of March 3, 2026.

Revenue model

No revenue as of FY2025. The company has no producing wells and has never recorded production, sales, production costs, or production taxes. Operations are funded through external capital; future revenue, if any, would derive from oil and natural gas sales upon establishing production.

Products and services

Oil and natural gas exploration and leasehold acquisition. The company holds working interests in unproven leasehold acreage in the Permian Basin. No proved reserves have been established and no drilling operations have commenced as of the 10-K filed March 24, 2026.

Customers and end markets

No customers or end-market sales as of FY2025. The intended end market upon potential future production would be oil and natural gas commodity markets.

Value-chain role

Upstream exploration-stage operator. The company acquires leasehold acreage and is subject to farmout and joint venture agreements. It has not yet progressed to drilling, production, or sales as of FY2025.

Geographic exposure

Permian Basin region of Texas. The company is incorporated in Nevada.

Source: SEC 10-K, filed 2026-03-24

Industry: Crude Petroleum & Natural Gas