Additional Arkoma Basin Acquisition Completed
Foundation Energy entered the Arkoma Basin through a number of acquisitions beginning in 2011 and now operates 217 wells and manages interests in over 860 more. The assets are managed from a field office in Fort Smith, Arkansas, the center of activity for the basin. In January 2013, Foundation Energy Fund IV added to this [...]
Continue Reading →Multi-state Property Acquisition Completed
In January 2013, Foundation Energy, on behalf of its Fund IV, completed the acquisition of certain operated oil and gas properties in southeastern Oklahoma, southern Arkansas, northern Louisiana, and north central Texas. The properties include interests in over 170 producing wells with current daily production averaging approximately 1,000 Mcfd. The properties included in the acquisition [...]
Continue Reading →Southern Wyoming Acquisition Completed
In December 2012, Foundation Energy, on behalf of its Fund IV, completed the acquisition of certain operated oil and gas properties in Sweetwater County, Wyoming. Acquired acreage covers roughly 11,000 net acres, including both acreage held by production (“HBP) and acreage held under term leases. The acreage in in two main basins – the Washakie [...]
Continue Reading →DJ Basin Acquisition Completed
In November 2012, Foundation, on behalf of its Funds III & IV, closed the acquisition of a producing property package in the Denver-Julesburg (DJ) Basin. The properties include interests in approximately 47 wells and leasehold of approximately 11,000 acres in Weld County, and 8,000 in Jackson County, both in Colorado. The majority of the producing [...]
Continue Reading →Foundation Energy continues drilling program
Foundation Energy Management has continued its 2012 drilling program primarily on assets acquired by Fund III. The company drilled three new wells in Rio Blanco County, Colorado in September (see photo.) The Banta Ridge Federal wells were directionally drilled from a single pad and reached a depth of 4,600 feet to target the Mancos B [...]
Continue Reading →Fund IV Closes at $150 Million Target
On June 29, 2012, Foundation Energy Management, LLC, a manager of oil and gas investment partnerships for institutional investors, announced the closing of Foundation Energy Fund IV with $150 million in total limited partner capital commitments. The fund had a $150 million LP “hard cap” and target. Like its three prior funds, Foundation Energy Fund [...]
Continue Reading →Eastern Colorado Acquisition Completed
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 [...]
Continue Reading →Foundation Becomes a Registered Investment Advisor
Effective late March 2012, Foundation Energy Management, LLC, the Manager of Foundation’s institutional direct energy funds, became an SEC Registered Investment Advisor. The registration is a reflection of the firm’s growth to $221 million of regulated assets under management (AUM) as of December 31, 2011. In taking this step, Foundation joins many large investment management [...]
Continue Reading →Foundation Energy -Table Sponsor at NAPE Luncheon
Foundation Energy Management was honored to sponsor a table at the 2012 Winter NAPE Charities Industry Luncheon from which donations go to our soldiers. The featured speaker for the event was President George W. Bush. The world’s largest E&P (upstream) expo, NAPE Expo provides a marketplace for the buying, selling and trading of oil and [...]
Continue Reading →Second Uinta-Piceance Basin Acquisition Completed
In December 2011, Foundation, on behalf of its Fund III, closed the acquisition of a package of assets in the Uinta and Piceance Basins from a private equity-backed company. The properties include interests in approximately 33 producing wells, current daily production of 1,140 Mcfe per day proved reserve base of approximately 4.8 Bcfe and approximately [...]
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