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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
M&A / Property

SOURCE ROCK ROYALTIES ANNOUNCES 2025 ANNUAL & FOURTH QUARTER ROYALTY PRODUCTION & REVENUE AND SALE OF CROWN MINERAL LEASES

By The Northwire Desk — AI Analysis Mar 24, 2026 · 08:00 SRR · 0.97 Source Rock Royalties Ltd.
SRR · Price

Executive Summary

  • Source Rock Royalties reported unaudited FY 2025 royalty production of 230 boe/d and revenue of $6.03 M, both down year‑over‑year (‑8% production, ‑22% revenue).
  • Q4 2025 production was 226 boe/d with revenue of $1.33 M, also declining versus the prior year (‑12% production, ‑29% revenue).
  • The company sold two Alberta oil‑sands lease sections for $225 k, realizing a 105% return on its original $110 k investment and retained a 1.75% gross overriding royalty (GORR) on 100% of production from the sold lands.

Key Details

  • FY 2025 Production: 230 boe/d (92% oil & NGLs), ↓8% vs. 2024.
  • FY 2025 Royalty Revenue: $6.03 M, ↓22% vs. 2024.
  • Q4 2025 Production: 226 boe/d (91% oil & NGLs), ↓12% vs. Q4 2024.
  • Q4 2025 Royalty Revenue: $1.33 M, ↓29% vs. Q4 2024.
  • Asset Sale – Crown Mineral Leases:
  • Sold two sections of oil‑sands leases (“Lands”) to a top‑tier intermediate operator.
  • Original acquisition cost: $110 k for 50% interest.
  • Cash received from sale: $225 k (gross).
  • Retained GORR: 1.75% on 100% of production from the Lands.
  • Portfolio Post‑Sale: Holds a 50% interest in 32 sections (20,480 acres) of oil sands and petroleum/natural gas leases in Alberta, including three newly acquired sections.
  • Operational Activity: 33 new horizontal wells commenced production on royalty lands in FY 2025 (13 Frobisher, 1 Midale, 13 Clearwater, 5 Viking, 1 Dina).
  • Management Outlook: President & CEO Brad Docherty notes slower drilling activity in H2 2025/early 2026 due to WTI < $70 USD, but anticipates potential upside from recent price increases; the company is pursuing additional Crown lease transactions and royalty acquisitions.
  • Future Reporting: Audited FY 2025 financial statements and MD&A will be filed on SEDAR+ by 30 April 2026.

Notable Quotes

“We are very pleased to complete the first transaction with respect to our Crown mineral leases… It has provided us with a return on our initial investment (105% in 6 months) and illustrated how our leasing activity can grow our portfolio of oil royalties through transactions with well‑capitalized and proven operators.” – Brad Docherty, President & CEO

Read the original news release →

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