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Kolibri Global Energy Inc.’s producing business is concentrated entirely in Oklahoma’s Tishomingo Field. It drills and operates wells that produce mainly shale oil, with natural gas and natural gas liquids as by-products. Oil supplies most of its revenue: it sells all of its oil to a single purchaser and moves it by truck. Gas travels through gathering systems and pipelines to processing plants, where it is treated and sold as natural gas and natural gas liquids under contractual arrangements.
Earnings depend on how much the field produces and the prices buyers pay. Developing additional wells requires regulatory approvals and funding from operating cash flow and financing. A credit facility supplied by lenders including BOK Financial and Arvest Bank helps fund drilling and is secured by the Tishomingo assets. Borrowing capacity depends on reserve evaluations, commodity prices and production; the loan terms also restrict capital spending and other financing choices.
The risk section is the longest, dullest part of the filing. This keeps only what can really hurt you: where it hits, how hard, when it plays out.
Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
Devon Energy and Kolibri both sell oil and associated gas from U.S. onshore wells, so oil prices and drilling economics matter to both. Devon's Oklahoma Anadarko development adds regional context for Kolibri, while most of Devon's production sells at market-sensitive prices.
SM Energy and Kolibri both rely heavily on selling oil and developing U.S. fields to grow production: oil provided 82% of SM Energy's production revenue and 88% of Kolibri's consolidated revenue in 2025. Watch SM Energy's oil revenue alongside production growth to gauge the same price-versus-volume trade-off Kolibri faces.
Diamondback Energy's Permian oil development and Kolibri's Oklahoma shale oil wells share exposure to crude prices and horizontal-well returns. Watch Diamondback's well costs and development pace: its control of operations and contiguous acreage let it manage both.
EOG Resources and Kolibri both develop and sell oil and associated gas, making crude prices and drilling returns important to both. EOG's emphasis on low-cost reserves and well payback offers a comparison for judging Kolibri's continued Tishomingo development.
Magnolia Oil & Gas and Kolibri both invest in wells to grow oil and gas production, linking their returns to oil prices and well economics. Magnolia develops South Texas shale and chalk properties; watch the cash left after drilling and completing wells, which it aims to fund well within cash flow.
Ovintiv and Kolibri both produce and market onshore oil and associated gas, sharing exposure to oil prices and development economics. Ovintiv's Anadarko operations in west-central Oklahoma provide a regional comparison for Kolibri's Tishomingo field, rather than a read on its entire U.S. and Canadian portfolio.
Chord Energy's oil-focused Bakken wells and Kolibri's Oklahoma shale wells both need productive new wells and supportive market oil prices. Chord sells to refiners, marketers and other buyers; watch its oil selling prices after regional and transportation adjustments as a comparison for Kolibri's oil revenue.
Matador Resources and Kolibri share exposure to crude prices and drilling costs through their Delaware Basin and Oklahoma shale wells, respectively. Watch Matador's Delaware drilling and completion spending, separating it from spending on gathering and processing facilities that serve its own production and third-party customers.
Prairie Operating's liquids-rich Colorado development and Kolibri's Oklahoma shale oil development both depend on oil prices and returns from new wells. Prairie's drilling results in Weld County offer a comparison for well economics, but its acquisition-led growth should be distinguished from new-well growth.
Crescent Energy and Kolibri both earn revenue from oil, gas and natural gas liquids and reinvest in producing assets, but Crescent has a more diversified, lower-decline portfolio. Watch Crescent's spending to maintain production and cash flow as a contrast to Kolibri's continued shale-well development.
APA's core Permian oil and gas production and Kolibri's Oklahoma shale production both face crude-price swings and onshore well-development costs. Watch APA's drilling and completion costs in the Permian, its largest source of production and cash flow, rather than treating its international operations as a comparison.
Granite Ridge Resources and Kolibri both depend on commodity prices and well returns, but Granite Ridge funds shares of U.S. wells—working interests—while Kolibri operates its own wells. Granite Ridge usually relies on partners to drill and sell its share of production, so watch its well-investment assessments rather than treating it as an operator comparison.
Mexco Energy and Kolibri both depend heavily on crude prices, but Mexco receives its share of sales from wells run and marketed by other operators rather than operating its own field. Oil made up approximately 81% of Mexco's oil and natural gas sales in fiscal 2026, making that sales line a closer comparison than its total income.
Amplify Energy and Kolibri both operate oil-producing properties, sharing exposure to oil prices and production costs, but they no longer overlap in Oklahoma. Amplify sold its Oklahoma assets in December 2025; its remaining Bairoil and Beta operations are a comparison for oil economics, not local drilling conditions.
California Resources and Kolibri both run oil-heavy production businesses, so the prices they receive for crude matter substantially to margins. Watch California Resources' oil and gas business in California and Utah, rather than its separate carbon-management segment, for the relevant comparison.
Diamondback Energy, Inc. earningsFANG
Diamondback Energy’s report will show well costs and development pace in the Permian, giving Kolibri Global Energy a comparison for the economics of its own horizontal wells.
Read Diamondback’s drilling and completion costs alongside its development pace. Controlled costs with continued development would show that, in its Permian operations, new horizontal wells still justify investment; rising costs or a slower pace would suggest returns are making continued drilling harder to support. Diamondback has different acreage and operating scale, so this is not a cost forecast for Kolibri, but it helps show whether pressure on well-development economics is growing.
Ovintiv Inc. earningsOVV
Ovintiv’s Anadarko operations in Oklahoma offer a regional reference for Kolibri Global Energy’s Tishomingo Field, showing the conditions onshore producers are facing nearby.
Focus on production and development activity in Ovintiv’s Oklahoma Anadarko operations. Steady production with continued development suggests regional conditions are supporting onshore wells; pressured production or slower activity would point to a tougher backdrop. The fields are different, so this cannot establish how Kolibri’s Tishomingo wells performed. The takeaway is whether the regional context looks supportive or challenging, not whether the two fields are alike.
Chord Energy Corporation earningsCHRD
Chord Energy’s report will show how its oil selling prices change after regional and transportation adjustments, offering a market-price reference for Kolibri Global Energy’s oil revenue.
Check whether Chord Energy’s oil selling prices strengthen or weaken after regional and transportation adjustments, and read that alongside the broader oil-price trend. Stronger adjusted prices point to a market backdrop that is more supportive of Kolibri’s oil-heavy revenue; weaker prices suggest oil prices or transport-related discounts could squeeze revenue. The companies sell in different places and to different buyers, so this is a market signal, not Kolibri’s own realized price.
Magnolia Oil & Gas Corporation earningsMGY
Magnolia Oil & Gas’s report will show how much cash remains after drilling and completing wells, a comparison for the funding burden of Kolibri Global Energy’s development.
Check how much cash Magnolia has left after drilling and completing wells, alongside its production and development activity. A larger remainder would show it can advance well development while relying more on cash generated by the business; little cash left would show how much funding development consumes. For Kolibri, this is a contrast—not a direct match—and helps frame whether its own cash flow and borrowing capacity can support drilling without making growth an ever-larger funding burden.
Kolibri Global Energy Inc. earningsThis company
Kolibri Global Energy gets all its production from Oklahoma’s Tishomingo Field, and this report will show whether added well output is outweighing pressure from oil prices and operating costs.
Read oil production alongside the realized oil price, then check netback—the revenue left per barrel of oil equivalent after royalties and operating costs. If production rises and netback and operating cash flow hold or improve, added output is generating returns that can support development. If production rises but netback or cash flow weakens, prices or costs are absorbing the gain, and the new wells are delivering less value.
