Eastern Colorado Acquisition Completed in 1st Quarter of 2012

Posted by Mary-Margaret

In February 2012, Foundation Energy on behalf of Fund III acquired certain operated oil and gas properties in Yuma County, Colorado from a large E&P company.  Foundation Energy took over full operations on March 1, 2012.  The properties include interests in approximately 190 producing wells.  The assets also include an extensive gas gathering and compression operation.  Investment upside includes 34 PDNP opportunities and 32 PUD drilling locations.

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    Foundation Energy Management, LLC (Foundation Energy) is a manager of energy investments for institutional partners. The company acquires, develops and enhances domestic oil and gas properties and associated midstream assets. Foundation Energy currently operates oil and gas properties in twelve states.

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