Serbian Commercial Services Energy Sector

FutureFuel

Market Cap: US$172.1m

Manufactures and sells diversified chemical, bio-based fuel, and bio-based specialty chemical products in the United States.

Energy Services of America

Market Cap: US$168.7m

Operates as a contractor and service company for the natural gas, petroleum, water distribution, automotive, chemical, and power industries in the United States.

Prairie Operating

Market Cap: US$165.7m

An independent energy company, engages in the acquisition, development, and production of crude oil, natural gas, and natural gas liquids in the United States.

PHX Minerals

Market Cap: US$163.8m

Operates as a natural gas and oil mineral company in the United States.

Epsilon Energy

Market Cap: US$158.7m

A North American onshore independent natural gas and oil company, engages in the acquisition, exploration, development, gathering, and production of natural oil and gas reserves.

Verde Clean Fuels

Market Cap: US$155.3m

A clean fuels company, focuses on the deployment of liquid fuels processing technology through development of commercial production plants in the United States.

Brooge Energy

Market Cap: US$154.5m

Through its subsidiaries, provides oil storage and related services at the Port of Fujairah in the United Arab Emirates.

SEACOR Marine Holdings

Market Cap: US$144.7m

Provides marine and support transportation services to offshore oil, natural gas, and windfarm facilities in the United States, Africa, Europe, the Middle East, Asia, and Latin America.

DMC Global

Market Cap: US$135.9m

Provides various products and engineered solutions for the construction, energy, industrial processing, and transportation markets worldwide.

Mammoth Energy Services

Market Cap: US$128.5m

Operates as an energy services company in the United States, Canada, and internationally.

Amplify Energy

Market Cap: US$127.5m

Engages in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States.

Heidmar Maritime Holdings

Market Cap: US$108.8m

Heidmar Maritime Holdings Corp., a commercial and technical management company, operates tanker and dry-bulk vessel pools worldwide.

Gulf Island Fabrication

Market Cap: US$104.6m

Operates as a fabricator of steel structures and modules in the United States.

Stabilis Solutions

Market Cap: US$103.0m

An energy transition company, provides turnkey clean energy production, storage, transportation, and fueling solutions primarily using liquefied natural gas (LNG) to various end markets in North America.

Imperial Petroleum

Market Cap: US$96.4m

Engages in the provision of seaborne transportation services internationally.

Aemetis

Market Cap: US$96.3m

Operates as a renewable natural gas and renewable fuels company.

Drilling Tools International

Market Cap: US$93.6m

Provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East.

Leishen Energy Holding

Market Cap: US$92.6m

Through its subsidiaries, provides clean-energy equipment and integrated solutions for the oil and gas industry in the People’s Republic of China, Central Asia, and Southeast Asia.

Smart Sand

Market Cap: US$82.0m

Provides mine to wellsite proppant supply and logistics solutions to frac sand customers.

Geospace Technologies

Market Cap: US$80.2m

Designs and manufactures instruments and equipment used in the oil and gas industry to acquire seismic data in order to locate, characterize, and monitor hydrocarbon producing reservoirs.

NCS Multistage Holdings

Market Cap: US$72.8m

Provides engineered products and support services for oil and natural gas well completions and construction, and field development strategies in the United States, Canada, and internationally.

MV Oil Trust

Market Cap: US$67.5m

Acquires and holds term net profits interests in the oil and natural gas properties of MV Partners, LLC.

Uni-Fuels Holdings

Market Cap: US$67.4m

Engages in the marketing, reselling, and brokerage of marine fuel products.

Recon Technology

Market Cap: US$66.9m

Provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in the People’s Republic of China.

American Resources

Market Cap: US$60.7m

Engages in the production of rare earth and critical mineral concentrates for the electrification market.

Cross Timbers Royalty Trust

Market Cap: US$57.0m

Operates as an express trust in the United States.

Permianville Royalty Trust

Market Cap: US$52.9m

Operates as a statutory trust.

PTL

Market Cap: US$52.5m

Through its subsidiaries, provides marine fuel logistics services for vessel refueling in Hong Kong and internationally.

Vivakor

Market Cap: US$50.6m

Operates, acquires, and develops technologies and assets in the oil and gas industry; and offers related environmental solutions in the United States and Kuwait.

MIND Technology

Market Cap: US$47.7m

Provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries in the United States, China, Norway, Turkey, Singapore, Canada, and internationally.

PermRock Royalty Trust

Market Cap: US$47.7m

Operates as a statutory trust in the United States.

North European Oil Royalty Trust

Market Cap: US$46.0m

A grantor trust, holds overriding royalty rights covering gas and oil production in various concessions or leases in the Federal Republic of Germany.

U.S. Energy

Market Cap: US$45.2m

An independent energy company, focuses on the acquisition, exploration, and development of industrial gas, and oil and natural gas properties in the continental United States.

Dawson Geophysical

Market Cap: US$40.3m

Engages in providing onshore seismic data acquisition and processing services in the United States and Canada.

Crown LNG Holdings

Market Cap: US$32.7m

Develops and delivers tailored offshore liquefied natural gas (LNG) liquefaction and regasification terminal infrastructure solutions for harsh weather locations.

KLX Energy Services Holdings

Market Cap: US$29.7m

Provides drilling, completions, production, and well intervention services and products to the onshore oil and gas producing regions of the United States.