Fundare Resources Company, LLC completed the acquisition of Denver-Julesburg Basin Oil and Gas Assets of Whiting Petroleum Corporation.
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.