Leopard Energy is an early-stage U.S. energy company focused on acquiring royalty interests and ownership stakes in oil and gas production assets. Its only asset to date is a 5% royalty interest in seven producing oil wells in the Eagle Ford Shale in Lavaca County, Texas, acquired in January 2024. A royalty interest entitles the holder to a share of production revenue without bearing drilling or operating costs, making it a passive income stream. Leopard Energy's revenue depends on the volume of oil and gas produced from these seven wells and prevailing commodity prices. Beyond this royalty, Leopard Energy's strategy is to acquire additional royalties and ownership interests in U.S. energy assets. The company has no employees beyond its executive officers and relies on independent contractors. Zenith Energy, a publicly traded energy company with operations across multiple continents, is Leopard Energy's controlling shareholder and has been financing its operations and expansion pending additional external financing.