DENVER–(BUSINESS WIRE)–Fundare Resources Company, LLC (“Fundare” or the “Company”) provided an update on recent activities as well as its planned drilling and completion schedule for the next few months.
- Third quarter 2025 net production of 8,756 BOE per day, up 14% over 2nd quarter 2025
- Wildhorse 04 pad (including five 1-mile laterals) in DJ Basin outperforming expectations
- Company’s first well in the Green River Basin was drilled to 11,400’ in October and is to be completed later this month
- Wildhorse 02 pad (including two 2-mile “u-turn” wells and four 1.5-mile laterals) is to be drilled later this month and completed in January 2026
- An updated Company Overview presentation has been posted to the Company’s website
Earlier this summer, the Company drilled and completed the Wildhorse 04 pad in the DJ Basin. The pad consists of five one-mile laterals that were completed in the Niobrara B and C zones. Over the first 4 months of production, the pad produced over 215,000 barrels of oil, which is equivalent to approximately 8,400 barrels per 1,000 feet of lateral completion. Volumes and oil cut from the pad are still increasing after four months of production.
“We had high expectations for the Wildhorse area based on our geologic mapping and results from offset operators, and the results over the first four months exceeded those expectations. Both the oil cut, currently at 70%, and production rates are continuing to trend up. Over the last 30 days the average well has produced 540 BOE per day, with 86% of that being oil. That’s equivalent to >1,100 BOE per day per 10,000 feet of lateral, which is over 35% higher than the best wells drilled in the area. It’s one of the best pads I’ve been a part of in my career and I’m extremely proud of the team involved,” commented Cody Truitt, President & Chief Executive Officer of Fundare.
Next to be drilled in the DJ Basin will be the Wildhorse 02 pad, which will include two 2-mile “u-turn” laterals and four 1.5-mile lateral horizontal wells. The Wildhorse 02 pad is approximately one mile to the east of the Wildhorse 04 pad and is expected to be drilled this month with completion scheduled for January and initial production expected around the end of March.
“Following the completion of the Wildhorse 02 pad, we’ll have 20 additional locations in the Wildhorse area, and 70 additional proved locations in our DJ inventory to develop in the future,” added Mr. Truitt.
The Company also recently completed drilling the FTUN 1495-S07-03V well in the Green River Basin of Wyoming. The vertical well was spud on October 12, 2025, and reached TD of approximately 11,400 feet in under 12 days. The well targets the Fort Union formation and is scheduled to be completed later this month and turned to sales shortly thereafter. This well represents the Company’s first drilling on the Green River Basin acreage that was acquired in the summer of 2022. The recently drilled FTUN 1495 well is close to a four-well pad drilled by a previous operator in 2019 in which the estimated ultimate recovery is expected to average approximately 8 Billion Cubic Feet Equivalent of natural gas reserves per well.
About Fundare Resources Company, LLC:
Fundare Resources Company, LLC is a private oil and gas company pursuing low risk, yield driven, producing properties that maximize shareholder returns through the implementation of advanced completion technologies and prudent, low-cost operatorship. Fundare, Latin for “laying a foundation”, is built around the principle of establishing a foundation of assets managed with integrity, teamwork and transparency; proven values that have resulted in repeated success for its investors. The Company’s assets and operations are concentrated in the Denver-Julesburg (DJ) Basin of Colorado, and Green River Basin of Wyoming.
Further information can be found at www.fundareresources.com.
Contacts
Scott Landreth
Chief Financial Officer
info@fundareresources.com
720-868-1300
