Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Badlands Resources Inc. (ticker: BDLNF) is a U.S.-based oil and gas company that historically operated in the energy exploration and production industry, with a primary focus on unconventional oil assets in the Bakken and Three Forks formations. The company’s core activities centered on the acquisition, development, and production of crude oil and natural gas properties, primarily through non-operated working interests. Its revenue drivers historically consisted of oil and natural gas sales derived from its acreage positions and production interests.
The company traces its origins to Black Ridge Oil & Gas, Inc., which rebranded as Badlands Resources Inc. to reflect its strategic emphasis on the Williston Basin. During the mid-2010s, the company expanded through acreage acquisitions but was significantly impacted by declining commodity prices and high leverage. Public filings indicate that the company entered financial distress and underwent restructuring proceedings. Data on active operations, current revenue generation, or ongoing business activities after this period is inconclusive based on available public sources.
Business Operations
Historically, Badlands Resources Inc. operated a single reportable business segment focused on oil and gas exploration and production, with assets concentrated in North Dakota and Montana. The company primarily participated as a non-operator, relying on third-party operators to conduct drilling, completion, and production activities. Revenue was generated through its proportional share of hydrocarbons produced and sold from these wells.
Available public disclosures indicate no diversified business units, proprietary technologies, or vertically integrated midstream or downstream operations. There is no verified evidence of active subsidiaries, joint ventures, or material partnerships beyond standard working-interest arrangements common in the upstream oil and gas industry. Current operational status and asset ownership cannot be conclusively verified from recent public information.
Strategic Position & Investments
During its active operating period, the company’s stated strategy focused on building scale in the Williston Basin through targeted acreage acquisitions and participation in horizontal drilling programs. This approach was intended to leverage regional infrastructure and established operators to achieve production growth while limiting capital intensity.
Public records show no confirmed major acquisitions, divestitures, or strategic investments following the company’s restructuring period. There is no verifiable information indicating involvement in emerging energy technologies, renewable energy, or other adjacent sectors. As a result, the company’s current strategic direction and investment posture are inconclusive based on available public sources.
Geographic Footprint
Badlands Resources Inc. historically operated exclusively within the United States, with its asset base concentrated in North Dakota and portions of Montana within the Williston Basin. The company did not report international operations, foreign investments, or overseas subsidiaries in its publicly available filings.
The corporate headquarters was historically located in Denver, Colorado, consistent with many U.S. independent exploration and production companies. There is no verified evidence of an expanded geographic footprint beyond its historical domestic operating regions.
Leadership & Governance
Based on the most recent verifiable public disclosures during its period of active reporting, leadership and governance were structured around a traditional board and executive management team overseeing upstream operations, finance, and corporate strategy. Information on current executives or board composition following restructuring is limited.
Key executives historically associated with the company include:
- Gary L. Hanna – President and Chief Executive Officer
- Kirk L. Olson – Chief Financial Officer
- Robert A. Thiessen – Chairman of the Board
No publicly verifiable information confirms the current leadership team or governance structure. Accordingly, present-day management data is inconclusive based on available public sources.