News

Southern Wyoming Acquisition Completed in 4th Quarter of 2012

Posted by Mary-Margaret

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…

DJ Basin Acquisition Completed in 4th Quarter of 2012

Posted by Mary-Margaret

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….

Foundation Energy continues drilling program in 3rd Quarter of 2012

Posted by Mary-Margaret

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…

Fund IV Closes at $150 Million Target in 2nd Quarter of 2012

Posted by Mary-Margaret

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…

Eastern Colorado Acquisition Completed in 1st Quarter of 2012

Posted by Mary-Margaret

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…

Foundation Becomes a Registered Investment Advisor in 2nd Quarter of 2012

Posted by Mary-Margaret

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…

Foundation Energy -Table Sponsor at NAPE Luncheon in 2012

Posted by Foundation Energy

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…

FEC in Oil & Gas Investor

Posted by Mary-Margaret

Have you seen our ad in Oil & Gas Investor? Foundation Energy Management develops and enhances domestic oil and gas properties for its institutional partners. We are currently Operator in 9 states. We have nearly 750 wells.  We’re actively seeking acquisition and development opportunities in multiple basins. Periodically, Foundation Energy…

Strategic Sale of Colorado Niobrara Assets in 1st Quarter of 2011

Posted by Foundation Energy

  In March, Foundation Energy Fund III closed the sale of its “Lay Creek” position in the Sand Wash Basin (Routt and Moffat Counties, Colorado) to a large, publicly-traded independent E&P company for cash and a retained overriding royalty interest in the sold properties. The purchaser plans a significant test…

Strategic Sale of Wyoming Niobrara Assets in 3rd Quarter of 2010

Posted by Foundation Energy

In July, Foundation Energy Fund I closed the sale of its entire position in the Silo Field in Laramie County, Wyoming. The purchaser was a large, private independent producer that plans an aggressive drilling program, targeting the emerging Niobrara oil shale play. The fund’s assets, which include approximately 19,000 acres…

Foundation Energy Reaches Fifth Anniversary in 2010

Posted by Foundation Energy

This summer marked the fifth anniversary of Foundation Energy’s formation as a direct energy fund manager. The founding Principals, Eddie W. Rhea, PE, Richard L. Payne, PE, Joel P. Sauer and Jack Wetzel, have worked together as a management team since the firm’s inception in 2005. A predecessor consulting firm…

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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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