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Five Acquisitions Completed in 2nd & 3rd Quarter of 2015 – Now Operates in 10 States

Posted by Mary-Margaret

In the second and third quarters of 2015, Foundation Energy Fund V completed five property acquisitions comprised of both bolt on and operating area extensions across the Greater Green River Basin in south-western Wyoming, the Arkoma Basin in Arkansas and Oklahoma, and the Uinta-Piceance Basin in Utah and Colorado.  Foundation Energy also added on behalf of its Fund V the company’s first operated properties in New Mexico, raising the total number of states that Foundation Energy operates wells in to ten.  The New Mexico properties represent Foundation Energy’s first operated properties in the Permian Basin. Their acquisitions seek to exploit the low price commodity environment, adding over 21, 339 MMCFE of proved reserves and over 4 MMCFEPD of daily net production at a discounted evaluation.

 

 

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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