Private company

Petrolia Energy Corp

Petrolia Energy Corp is an American crude petroleum and natural gas company, incorporated in Texas.1 It is headquartered in Houston, Texas.1

Last updated Oct 20, 2026.

Overview

  • IndustryCrude Petroleum & Natural Gas1
  • HeadquartersHouston, Texas1
  • Incorporated inTX2
  • Business address710 N Post Oak, Suite 400, Houston, Tx 770242
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-15.4%Operating margin3
-21.7%Net margin3
16.2%Revenue growth, 20223

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Other costs93¢$6.4M
  • Interest7¢$489.5K

Out of $6.8M in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2022

  • Kept or used elsewhere100¢$1.8M

Out of $1.8M of cash from operations.3

Financial statements

Revenue456783$6.8M in 2022+3358% since 2016
0$2.0M$4.0M$6.0M$8.0M2016: $198.0K$198.0K20162017: $148.8K$148.8K2017−25%2018: $1.2M$1.2M2018+688%2019: $2.9M$2.9M2019+149%2020: $2.9M$2.9M2020−1%2021: $5.9M$5.9M2021+104%2022: $6.8M$6.8M2022+16%
Operating income456783-$1.1M in 2022−33% since 2016
-$10.0M-$7.5M-$5.0M-$2.5M02016: -$1.6M-$1.6M20162017: -$2.9M-$2.9M2017+88%2018: -$8.1M-$8.1M2018+175%2019: -$3.1M-$3.1M2019−62%2020: -$9.7M-$9.7M2020+216%2021: -$1.4M-$1.4M2021−85%2022: -$1.1M-$1.1M2022−26%
Net income456783-$1.5M in 2022−21% since 2016
-$40.0M-$30.0M-$20.0M-$10.0M0$10.0M2016: -$1.9M-$1.9M20162017: -$3.3M-$3.3M2017+74%2018: -$38.0M-$38.0M2018+1066%2019: -$2.9M-$2.9M2019−92%2020: -$10.3M-$10.3M2020+257%2021: $1.9M$1.9M20212022: -$1.5M-$1.5M2022
Fiscal year2016201720182019202020212022
Revenue$198.0K4$148.8K5$1.2M6$2.9M7$2.9M8$5.9M3$6.8M3
Cost of revenue$33.3K4
Operating expenses$7.3M3$7.9M3
Operating income-$1.6M4-$2.9M5-$8.1M6-$3.1M7-$9.7M8-$1.4M3-$1.1M3
Interest$279.1K7$735.6K8$638.6K3$489.5K3
Income before tax$1.9M3-$1.5M3
Income tax$012
Net income-$1.9M4-$3.3M5-$38.0M6-$2.9M7-$10.3M8$1.9M3-$1.5M3
Earnings per share-$0.027-$0.068$0.013-$0.013
Shares (weighted, basic)175.4M shares3177.0M shares3

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What it owns

What Petrolia Energy Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$155.3K3 Dec 31, 2022$155.3K3 Dec 31, 20210%
Accumulated depreciation$807.0K3 Dec 31, 2022$603.1K3 Dec 31, 2021+33.8%
Property and equipment, net$6.0M3 Dec 31, 2022$6.3M3 Dec 31, 2021−5.7%
Operating-lease assets (leased space)$23.1K3 Dec 31, 2022$12.8K3 Dec 31, 2021+80.1%
Oil and gas properties$6.0M3 Dec 31, 2022$6.3M3 Dec 31, 2021−5.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$14.1K8 Dec 31, 2021$155.0K8 Dec 31, 2020−90.9%

Leadership

Who has led Petrolia Energy Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. David N. Baker2014
  2. Zel C. Khan2015–2019

President

  1. Zel C. Khan2015
  2. Mark Merle Allen2021

Chief financial officer

  1. Marc Stephen Spezialy2012–2014
  2. Paul M. Deputy2016–2017
  3. Tariq Nawaz Chaudhary2018
  4. Horacio Alfredo Fernandez2018

Chief operating officer

  1. Marc Stephen Spezialy2014
201520202025
Board members and other officers (11)

Former names

  • Rockdale Resources CorpMay 15, 2012 to Sep 9, 20162
  • Art Design, Inc.Jun 28, 2006 to May 9, 20122

Timeline

  1. Apr 23, 20248-K Other events29
  2. Mar 15, 20238-K Regulation FD disclosure30
  3. Feb 10, 20238-K Other events31
  4. Nov 8, 20228-K Other events32
  5. Jun 24, 20228-K Other events33
  6. Mar 18, 20228-K Other events34
  7. Mar 3, 20228-K Entered a material agreement; Unregistered sale of shares; Change to shareholders' rights35
  8. Feb 28, 20228-K Other events36
  9. Jan 14, 20228-K Other events37
  10. Jan 14, 20228-K Other events38
  11. Nov 12, 20218-K Entered a material agreement; Other events39
  12. Oct 25, 20218-K Other events40
  13. Dec 11, 2015New chief executive Zel C. Khan becomes CEO13
  14. Jun 6, 2014New chief executive David N. Baker becomes CEO14

Filings

35 filings to the SEC since October 2021: 3 annual reports, 13 quarterly reports, 13 major events, 2 insider forms, 4 other. The latest 20:

  1. Jul 10, 2025REVOKED EDGAR
  2. Apr 23, 20248-K EDGAR
  3. Apr 2, 2024NT 10-K EDGAR
  4. Nov 15, 202310-Q EDGAR
  5. Nov 15, 2023NT 10-Q EDGAR
  6. Jul 28, 202310-Q EDGAR
  7. Jul 28, 202310-Q/A EDGAR
  8. Jul 28, 202310-Q/A EDGAR
  9. Jul 28, 202310-Q/A EDGAR
  10. Jun 26, 20234 EDGAR
  11. Jun 26, 20234 EDGAR
  12. May 15, 202310-Q EDGAR
  13. May 12, 202310-K EDGAR
  14. Mar 31, 2023NT 10-K EDGAR
  15. Mar 20, 202310-Q EDGAR
  16. Mar 15, 20238-K EDGAR
  17. Mar 2, 202310-Q EDGAR
  18. Feb 17, 202310-Q EDGAR
  19. Feb 10, 20238-K EDGAR
  20. Dec 9, 202210-K EDGAR

The 35 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 1 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 1, 2023Oppenheim Joel Martin10% ownerBuy46,365,575Form 4
Apr 1, 2023Khan Zel C10% ownerSale46,365,575Form 4

From Forms 4 filed with the SEC.

SEC filer profile

How Petrolia Energy Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPetrolia Energy Corp1
  • CIK0001368637
  • Employer ID (EIN)86-10610051
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inTexas1
  • Fiscal year endsDecember 311
  • Industry code (SIC)1311 Crude Petroleum & Natural Gas1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address710 N Post Oak, Suite 400, Houston, TX 770241
  • Phone832-941-00111
  • Shares outstanding199,375,604 as of Nov 15, 202311
  • Public float$258.0K as of Jun 30, 20223
  • On EDGAR sinceJun 28, 20061
  • Filings345 in all: 8-K (76), 4 (59), 10-Q (47), UPLOAD (21), 3 (18), 10-K (15), NT 10-Q (11), 10-Q/A (10)1
    All 40 form types

    CORRESP (10), NT 10-K (8), 4/A (7), D (6), 10-K/A (5), 10KSB/A (4), 10QSB (4), 8-K/A (4), SB-2/A (4), 10QSB/A (3), DEF 14A (3), PRE 14A (3), 10KSB (2), 3/A (2), DEF 14C (2), DEFA14A (2), PRE 14C (2), SC 13D (2), SC 13G/A (2), 424B3 (1), 8-A12G (1), D/A (1), EFFECT (1), REGDEX (1), REVOKED (1), RW (1), S-1 (1), S-1/A (1), SB-2 (1), SC 13D/A (1), SC 13G (1), SC 14F1 (1)

  • Latest filingsAnnual report (10-K) May 12, 2023
    Quarterly report (10-Q) Nov 15, 2023
    Proxy statement (DEF 14A) Apr 21, 2017
    Latest 8-K (8-K) Apr 23, 2024

Sources

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