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- FireBird Energy
FireBird Energy Acquisition, Valuation, Funding & Investors
FireBird Energy was acquired by Continental Resources in August 2026.
FireBird Energy acquisition price
Undisclosed
Acquired by Continental Resources · Aug 2026
Key investors in FireBird Energy
RedBird Capital Partners
About FireBird Energy
FireBird Energy is a Fort Worth, Texas-based upstream oil and gas producer that assembles and develops acreage in the Midland Basin of the Permian Basin in West Texas. It earns its revenue by selling the oil and natural gas produced from horizontal wells on the leases it operates. Its first vehicle, FireBird Energy LLC, built a position of about 75,000 gross (68,000 net) contiguous acres, 98.5% operated, targeting the Spraberry, Wolfcamp A and Wolfcamp B formations. In October 2022 Diamondback Energy agreed to buy those leasehold interests for 5.86 million Diamondback shares and $775 million in cash, a deal valued at about $1.6 billion that closed in late 2022; production at closing was estimated at about 17,000 barrels of oil per day. The management team, led by chief executive Travis Thompson, then formed FireBird Energy II in 2023 with backing from Quantum Capital Group. FireBird II assembled about 54,000 net acres and 147,000 net resource acres across more than six stacked-pay reservoirs, producing about 32,000 barrels of oil equivalent per day, 69% of it oil. In August 2026 Continental Resources agreed to acquire FireBird Energy II from Quantum, with closing expected in September 2026.
Founded
2019
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Product sales
Sectors
FireBird Energy Acquisition
FireBird Energy was acquired by Continental Resources for an undisclosed price on 20 August 2026.
Continental Resources agreed to acquire FireBird Energy II LLC from Quantum Capital Group in August 2026, with the transaction expected to close in September 2026. The announcement describes the deal as an expansion of Continental’s Permian Basin position and says FireBird owns approximately 54,000 net acres in the Midland Basin and adds about 32,000 boed of production and development inventory adjacent to Continental’s existing operations. The strategic rationale is to increase Continental’s scale and inventory in the Permian Basin, with the acquired acreage described as high-quality and oil-weighted and positioned near Continental’s current assets. The deal is presented as part of Continental’s broader Permian expansion. FireBird Energy II is a Midland Basin operator and portfolio company of Quantum Capital Group. Continental Resources is an independent oil and gas producer focused on expanding its U.S. shale footprint, and the transaction adds acreage and production that complement its existing operations.
| Acquirer | Date | Type |
|---|---|---|
| 20 Aug 2026 | Strategic M&A |
FireBird Energy Funding History
FireBird Energy has raised 1 funding round.
| Date | Stage | Investors | Deal Summary |
|---|---|---|---|
| May 2019 | Strategic investment | RedBird Capital Partners | RedBird Capital Partners backed FireBird Energy, an independent oil and gas company in the Permian Basin, in May 2019 according to RedBird's portfolio records; the capital committed was not disclosed. FireBird was formed by a team of executives from RSP Permian with significant experience identifying, acquiring and drilling horizontal shale wells. The company drills horizontal wells on the western side of the Midland Basin and bolts on strategic acreage in the surrounding area, and by 2023 its assets comprised more than 40,000 net acres. The investment was part of RedBird's energy and industrials strategy, which targeted undercapitalized and underdeveloped upstream assets with development upside, extensive hedging and limited exploration risk. RedBird's other Permian investment was Four Corners Petroleum, which operates on the Central Basin Platform, while FireBird concentrated on horizontal shale development in the Midland Basin. |
Who has invested in FireBird Energy?
1 investor has backed FireBird Energy across its funding rounds, including RedBird Capital Partners.
FireBird Energy Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 FireBird Energy investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialFireBird Energy Competitors
FireBird Energy competitors include listed companies like Vermilion Energy, Maurel & Prom, Kenya Pipeline Company and Dana Gas, and private ones like Peace River Oil Partnership and Yantai Wanhua Petrochemical.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.3B | $394M | $1.6B | 1.6x | ||
| Publicly listed | $578M | $510M | $1.6B | 2.1x | ||
| Publicly listed | $331M | $192M | $1.6B | - | ||
| Publicly listed | $348M | $199M | $1.6B | 4.0x | ||
| Private | - | - | $1.8B | - | ||
| Private | - | - | $2.6B | - |
FireBird Energy Public Comps
FireBird Energy is no longer listed, but its public comps include Vermilion Energy, Maurel & Prom, Kenya Pipeline Company, Dana Gas, TerraVest Industries, Esentia Energy, Genesis Energy, Yinson, SK Gas and Spartan Delta.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.3B | $394M | 1.8x | 1.6x | 6.2x | 2.6x | |||
| $578M | $510M | 2.5x | 2.1x | 2.8x | 3.8x | |||
| $331M | $192M | 4.9x | - | 8.4x | - | |||
| $348M | $199M | 4.8x | 4.0x | 8.4x | 6.1x | |||
| $979M | $208M | 2.5x | 1.9x | 11.9x | 10.4x | |||
| $429M | $313M | 6.5x | 6.9x | 9.0x | 9.0x | |||
| $1.6B | $537M | 3.4x | 3.1x | 10.3x | 9.6x | |||
| $1.3B | $699M | 4.5x | 5.3x | 8.6x | 7.6x | |||
This data is available for Pro users. Sign up to see all FireBird Energy competitors and their valuation data. Start Free Trial | ||||||||
Common questions about FireBird Energy
| When was FireBird Energy founded? | FireBird Energy was founded in 2019. |
| Where is FireBird Energy headquartered? | FireBird Energy is headquartered in Fort Worth, TX, United States. |
| Is FireBird Energy publicly listed? | No, FireBird Energy was acquired by Continental Resources in August 2026. |
| Who acquired FireBird Energy? | FireBird Energy was acquired by Continental Resources in August 2026. |
| What was FireBird Energy's last funding round? | FireBird Energy's last funding round was a strategic investment round in May 2019. |
| Who are FireBird Energy's investors? | FireBird Energy's investors include RedBird Capital Partners. |
| Which companies are comparable to FireBird Energy? | Companies comparable to FireBird Energy include Vermilion Energy, Maurel & Prom, Kenya Pipeline Company, Dana Gas, Peace River Oil Partnership and Yantai Wanhua Petrochemical. |
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