Fundare Resources Company, LLC (“Fundare” or the “Company”) announced that it has entered into a new $250 million credit facility (the “Credit Facility”) with Valor Upstream Credit Partners, L.P., a dedicated upstream credit fund managed by Breakwall Capital LP. In conjunction with the closing of the Credit Facility, Fundare has merged all businesses under Fundare’s management, including Fundare Redtail, LLC, Rangeview Green River, LLC, and Moonrise Midstream, LLC as well as their wholly-owned subsidiaries, under one entity. The Credit Facility will be used to retire all existing debt held by the merged entities and to fund future development of Fundare’s oil and gas properties and Moonrise Midstream’s growth projects.

Cody Truitt, President & Chief Executive Officer of Fundare, commented, “We’re excited to partner with the Breakwall team. This new relationship and the corporate merger provide significantly greater opportunities for Fundare to grow our business both organically and inorganically in the Rockies.”

Daniel Flannery, Managing Partner and President of Breakwall, commented, “We are thrilled to partner with Fundare and its talented executive team with a proven track record of operating across the Rockies.”

Walt Hughes, Managing Director of Breakwall, added, “Breakwall has a deep track record of lending to Rockies focused energy companies. This financing allows Fundare to capitalize on opportunities to grow its diversified upstream and integrated midstream footprint.”

Development activities at Fundare Redtail, the Company’s upstream oil and gas operations in Weld County, Colorado, have exceeded expectations. The Company’s initial drilling program included a seven-well pad that was brought online in the summer of 2023. Fundare has 43 permits to drill with the expectation of receiving an additional 58 by the end of the year.

Moonrise Midstream provides gas gathering, compression, processing, and crude oil gathering to customers in the DJ Basin, including Fundare Redtail. Moonrise continues to add new customers and business partnerships that add value to both the upstream and midstream business. Third-party volumes consistently represent the majority of gas processing volumes on the gas system and the crude gathering system; a trend that is expected to continue into 2025.

Rangeview Resources, the Company’s upstream oil and gas asset in the Green River Basin of Wyoming, benefits from liquids-rich gas, access to western market pricing, and a strong hedging program. The Company is permitting a midstream solution at Rangeview to expand access for its volumes to western markets, which have historically received a premium to NYMEX Henry Hub.

Houlihan Lokey acted as Financial Advisor to Fundare on the transaction. Davis Graham & Stubbs LLP acted as legal counsel to Fundare. Vinson & Elkins LLP acted as legal counsel to Breakwall.

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. Companies under Fundare’s management include Fundare Redtail, LLC, Rangeview Green River, LLC, and Moonrise Midstream, LLC.

Further information can be found at www.fundareresources.com.

About Valor Upstream Credit Partners, L.P.

Valor Upstream Credit Partners, L.P. seeks to make structured credit investments in North American upstream oil and gas companies. VCP is managed by Breakwall Capital in partnership with Vitol, the largest independent energy trading company globally.

About Breakwall Capital LP:

Breakwall Capital LP is an independent asset manager and employee-owned firm focused on facilitating the growth and improvement of conventional, renewable and next generation energy companies. The firm provides innovative capital solutions across the entire energy value chain. Breakwall operates out of three offices in Texas, New York and Rhode Island. For more information, please visit breakwallcap.com.

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