News

Foundation Completes Five Acquisitions in 2nd Quarter of 2014 & One Acquisition in 1st Quarter of 2015

Posted by Foundation Energy

In the second quarter of 2014 and early first quarter of 2015, Foundation Energy Fund IV and Foundation Energy Fund V completed six property acquisitions, comprised of both bolt-on and operating area extensions, across the Greater Green River Basins in southern Wyoming, the Fort Worth Basin in central Texas, the East Texas Basin, and the Uinta-Piceance Basin.

The acquisitions added proved reserves of 10.5 BCFE and daily net production of   6.2 MMCFED from 171 producing wells, 97 of which Foundation already operated. In completing these acquisitions, Foundation is continuing to add oil and gas reserves conventional in regions where it presently operates.

Completed Acquisitions

View all of Foundation Energy's completed acquisitions.

Completed Acquisitions
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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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