Fundare Resources Company, LLC entered into definitive agreement to acquire Denver-Julesburg Basin Oil and Gas Assets of Whiting Petroleum Corporation (NYSE:WLL) for approximately $190 million on July 21, 2021. In a related transaction Whiting Petroleum entered into definitive agreement to acquire oil and gas assets in the Williston Basin of North Dakota. Both transactions are expected to close in the third quarter of 2021 with the difference in acquisition costs and divestiture proceeds funded with existing availability on the Company's revolver.

Fundare Resources Company, LLC completed the acquisition of Denver-Julesburg Basin Oil and Gas Assets of Whiting Petroleum Corporation (NYSE:WLL) on September 27, 2021. The acquisition was funded through equity provided by WDC Energy, LLC, management and a group of friends and family investors. Fundare also entered into a Note Purchase Agreement with Cibolo Energy Partners, LLC to provide debt capital used to fund a portion of the acquisition. Larry Hall of Baker Botts LLP acted as legal counsel and Rivington Holdings, LLC acted as financial advisor to Fundare.