Foundation Completes Multiple Property Acquisitions in 1st & 4th Quarter of 2013

Posted by Mary-Margaret

Between March and November 2013, Foundation completed a series of property acquisitions in its existing and target producing basins.  The acquisitions, equally weighted between oil and natural gas, included bolt-on acquisitions in the Arkoma Basin and Eastern Shelf area of Central Texas as well as an initial entry into East Texas.  The Eastern Shelf acquisition added 83 BOEPD of current production as well as several drilling prospects to an operating area where Foundation has been active since 2007.  Foundation’s first acquisition in East Texas was from a large, private independent producer.  The company plans to build a sizable operating base in East Texas through additional acquisitions.  Its first acquisition, in 2010, in the Arkoma Basin was relatively small but the company is now the seventh largest producer in the state of Arkansas.

Completed Acquisitions

View all of Foundation Energy's completed acquisitions.

Completed Acquisitions
  • About Us

    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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