Company Overview

Source Rock Royalties Ltd. is a Canada-based energy royalty company focused on acquiring and managing petroleum and natural gas royalty interests. The company operates within the oil and gas royalties industry, generating revenue primarily from royalty payments tied to production volumes rather than direct exploration or development activities. Its core business model emphasizes exposure to commodity price upside while maintaining a low-cost operating structure and limited capital requirements compared to traditional exploration and production companies.

The company’s primary assets consist of royalty and mineral interests across Western Canada, with a particular emphasis on light oil and liquids-rich natural gas plays. Source Rock Royalties is positioned as a consolidator of smaller, often non-core royalty interests, seeking to provide investors with diversified cash flow and long-term optionality. The company was founded in 2018 and became publicly listed on the TSX Venture Exchange under the symbol SRR.V, evolving through asset acquisitions rather than organic drilling activity.

Business Operations

Source Rock Royalties generates revenue by collecting royalty payments from third-party operators that develop and produce hydrocarbons on lands where the company holds royalty interests. Its operations are organized around a single reportable business focused on royalty asset ownership, rather than multiple operating segments. The company does not operate wells or employ drilling capital, relying instead on its counterparties’ operational expertise.

The company’s asset base is concentrated in Western Canada and includes exposure to producing and undeveloped lands. Source Rock Royalties controls its interests directly and through wholly owned subsidiaries, including Source Rock Royalties Corp., which holds certain royalty assets. There is no publicly disclosed reliance on joint ventures for operations, and partnerships are primarily transactional in nature through asset acquisitions from operators, private owners, or other royalty holders.

Strategic Position & Investments

Source Rock Royalties’ strategic direction centers on disciplined growth through the acquisition of high-quality, cash-flowing royalty interests with development upside. The company prioritizes assets with established operators, long reserve lives, and exposure to active drilling programs. Growth initiatives have historically included both producing and non-producing royalty acquisitions, funded through a combination of cash, equity, and, at times, debt facilities.

The company has announced multiple royalty acquisitions since inception, though no single acquisition has been identified as transformational based on public disclosures. Its investment focus remains squarely within the upstream oil and gas royalty space, with no verified involvement in non-hydrocarbon energy technologies. Data inconclusive based on available public sources regarding material investments outside conventional oil and gas royalties.

Geographic Footprint

Source Rock Royalties’ operations are entirely focused in Canada, with its royalty interests predominantly located in Western Canada, including Alberta and Saskatchewan. These regions represent the core of Canada’s conventional and unconventional oil and gas production and provide access to established infrastructure and active operators.

The company is headquartered in Calgary, Alberta, which serves as the central hub for management, corporate governance, and transaction execution. There is no verified evidence of international operations or royalty interests outside Canada, and the company does not report material exposure to foreign markets.

Leadership & Governance

Source Rock Royalties was founded by industry professionals with experience in upstream oil and gas and royalty asset management. Leadership emphasizes a strategy of capital discipline, low operating risk, and long-term value creation through asset consolidation and diversification.

Key executives identified in public disclosures include:

• Stanley Paszkowski – President & Chief Executive Officer
• Stanley Paszkowski – Director
• Data inconclusive based on available public sources regarding the identities and titles of additional senior executives beyond those consistently disclosed in regulatory filings and official company communications.

The board and management team collectively articulate a governance approach centered on shareholder alignment and conservative financial management, consistent with the royalty-focused business model.