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Announced

Completed

Fundare Resources completed the acquisition of the Redtail assets from Whiting Petroleum.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

oil exploration

Integrated Oil and Gas

Domestic

Private

United States

Completed

Private Equity

Friendly

Acquisition

Single Bidder

Synopsis

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Fundare Resources, an exploration and production company, completed the acquisition of the Redtail assets from Whiting Petroleum, an exploration and production company with an oil focused asset base. Financial terms were not disclosed. "We would like to thank the Whiting team for their assistance throughout the acquisition process. We look forward to following in their footsteps as responsible owners and operators of the Redtail assets. We have significant operating experience and prior success in the DJ Basin with our proven operating team," Cody Truitt, Fundare President.

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