Asset Growth Continues for Foundation Energy

Posted by Mary-Margaret

Foundation Energy commissions LaRoche Petroleum Consultants (LPC), a Dallas petroleum engineering firm, to prepare a third-party reserve report for its four funds at the end of every year.  The graph below summarizes reserve growth for the combined funds using the LPC reports.  At year end 2013, total proved reserves were over 26 million barrels of oil equivalent (BOE).  Including Probable reserves, Foundation manages over 45 million BOE.

After closing 15 property acquisitions since 2012, Foundation Energy now is responsible for operating nearly 2,300 wells in nine producing states.  Foundation has three primary offices in Dallas, Denver and Tulsa, along with an acquisition and business development presence in Houston.  Field offices are located in Rangely, Colorado, Yuma, Colorado, New Raymer, Colorado, and Fort Smith, Arkansas.

Reserves graph

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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