X2 Resources valuation, funding and investors
X2 Resources works in upstream oil and gas development, based in Houston, United States. It has about 20 employees.
- Last round
- Growth · $500M · Apr 2025
- Valuation at last round
- $5.56B · implied
- Headcount
- 20 · flat
- Grade
- C
- Founded
- –
X2 Resources valuation today
VCMC values X2 Resources at $6.1B today, with a range of $2.7B to $9.3B and a grade of C. The valuation starts from its last funding round, a growth round in Apr 2025.
Valuation by date (20 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 25 Apr 2025 | $5.6B | $3.7B – $9.3B | $6.1B (+10%) | after a round | – | unknown | B | 0% |
| 1 May 2025 | $5.6B | $3.7B – $9.3B | $6.1B (+10%) | after a round | – | unknown | B | 0% |
| 1 Jun 2025 | $5.6B | $3.7B – $9.3B | $6.1B (+9%) | after a round | – | unknown | B | 0% |
| 1 Jul 2025 | $5.7B | $3.7B – $9.3B | $6.1B (+8%) | after a round | – | unknown | B | 0% |
| 1 Aug 2025 | $5.7B | $3.7B – $9.3B | $6.1B (+7%) | after a round | – | unknown | B | 0% |
| 1 Sep 2025 | $5.7B | $3.7B – $9.3B | $6.1B (+6%) | after a round | – | unknown | B | 0% |
| 1 Oct 2025 | $5.8B | $3.7B – $9.3B | $6.1B (+6%) | after a round | – | unknown | B | 0% |
| 1 Nov 2025 | $5.8B | $3.7B – $9.3B | $6.1B (+5%) | after a round | – | unknown | B | 0% |
| 1 Dec 2025 | $5.9B | $3.7B – $9.3B | $6.1B (+4%) | after a round | – | unknown | B | 0% |
| 1 Jan 2026 | $5.9B | $3.7B – $9.3B | $6.1B (+3%) | after a round | – | unknown | B | 0% |
| 1 Feb 2026 | $6.0B | $3.7B – $9.3B | $6.1B (+2%) | after a round | – | unknown | B | 0% |
| 1 Mar 2026 | $6.0B | $3.7B – $9.3B | $6.1B (+1%) | after a round | – | unknown | B | 0% |
| 1 Apr 2026 | $6.1B | $3.7B – $9.3B | $6.1B (+1%) | after a round | – | unknown | B | 0% |
| 1 May 2026 | $6.1B | $3.6B – $9.3B | $6.1B (0%) | after a round | – | unknown | B | 0% |
| 1 Jun 2026 | $6.1B | $3.4B – $9.3B | $6.1B (0%) | after a round | – | unknown | B | 0% |
| 1 Jul 2026 | $6.1B | $3.3B – $9.3B | $6.1B (0%) | after a round | – | unknown | B | 0% |
| 1 Aug 2026 | $6.1B | $3.1B – $9.3B | $6.1B (0%) | after a round | – | unknown | B | 0% |
| 1 Sep 2026 | $6.1B | $2.9B – $9.3B | $6.1B (0%) | after a round | 19 | unknown | B | 0% |
| 1 Oct 2026 | $6.1B | $2.8B – $9.3B | $6.1B (0%) | after a round | 20 | flat | B | 0% |
| 24 Oct 2026 | $6.1B | $2.7B – $9.3B | $6.1B (0%) | after a round | 20 | flat | C | 0% |
Key facts about X2 Resources
- Founded
- Not on record
- Headquarters
- Houston, United States
- Employees
- about 20
- Total raised
- $500M
- Funding rounds
- 1
- Last round
- Growth Equity Apr 2025
X2 Resources funding history
X2 Resources has 1 funding round on record, from Apr 2025 to Apr 2025, $500M in total. None disclosed a valuation.
Growth Equity 24 Apr 2025
With EnCap Investments, Westlawn, Rice Investment Group.
Sources: prnewswire.com, encapinvestments.com, hartenergy.com and 2 more
$500M
X2 Resources investors
3 investors have backed X2 Resources.
What X2 Resources does
X2 Resources works in oil & gas - extraction & distribution, with 9 recorded offerings and customers in oil and gas.
X2 Resources, LLC is an American oil and gas company engaged in the acquisition and execution of large-scale oil and gas developments, with a focus on exploration and production activities. The company operates primarily in the United States, targeting opportunities across various oil and gas basins.
Description from Veridion's company data.
Products and services
- Upstream Oil and Gas Development
- Horizontal Resource Play Identification
- Oil and Gas Asset Acquisition
- Oil and Gas Asset Development
- Operated Oil and Gas Asset Development
- Oil and Gas Asset Sale
- Oil and Gas Asset Integration
- Upstream Oil and Gas Investment Services
- Upstream Oil and Gas Advisory Services
Markets
- Oil and Gas
Business model
- Business-to-Business
- Enterprise
Industry codes (NAICS)
- 211120 Crude Petroleum Extraction 100% match
Questions about X2 Resources
What is X2 Resources worth?
Valuation $6.1B (range $2.7B to $9.3B), as of 24 Oct 2026.
Has X2 Resources raised money?
X2 Resources has 1 funding round on record, from Apr 2025 to Apr 2025, $500M in total. None disclosed a valuation.
Who has invested in X2 Resources?
EnCap Investments, Rice Investment Group and Westlawn.
How many people work at X2 Resources?
About 20. Headcount held at about 20 from Aug 2026 to Sep 2026.
What does X2 Resources do?
X2 Resources works in oil & gas - extraction & distribution, with 9 recorded offerings and customers in oil and gas. Its main offerings are upstream oil and gas development, horizontal resource play identification and oil and gas asset acquisition.
Where is X2 Resources based?
X2 Resources is based in Houston, United States; its founding year is not on record. It has about 20 employees.