Fundare Resources Completes Final Divestiture and Concludes Five-Year Business Venture

Cody Truitt, President and CEO of Fundare Resources

“We are pleased to announce the closing of our final divestiture, marking the successful conclusion of the Fundare business. We are deeply grateful to our capital providers, including our equity partners managed by Woodward Diversified Capital, and to the Fundare Board for their support, counsel, and confidence over the last five years.”

Cody Truitt, President and CEO of Fundare Resources

“I would also like to thank the Fundare employees for their dedication, excellence, and commitment. We are proud of what this team accomplished together and profoundly grateful for each employee’s contribution.”

Cody Truitt, President and CEO of Fundare Resources

“The previously announced divestiture of Moonrise Midstream concluded the successful transformation of midstream infrastructure that was producer owned and single party, into a platform serving multiple third-party operators in the DJ Basin. Although the midstream business was not a primary driver of our DJ Basin acquisition, it demonstrates how investing in talented people with a customer-focused approach and a clear strategy for growth can deliver exceptional returns to investors,”

Michael Starzer, Executive Chairman of Fundare Resources

“This transaction marks the successful conclusion of Fundare Resources’ five-year journey, delivers outstanding financial returns to its investors, and reinforces the management team’s record as a leading operator across multiple companies and basins. On behalf of the Board and our investors, I congratulate Cody and his team on this achievement. Cody’s leadership and commitment to a culture of integrity, teamwork, and transparency attracted exceptional industry talent and drove the Company’s successful results.”

Michael Starzer, Executive Chairman of Fundare Resources

“Fundare’s success reflects not only the strength of its management and employees, but also the expertise and oversight of our Board, including Anthony Bahr, Founder and President of WildHorse Resource Development Corporation (NYSE: WRD), WildHorse Resources II, and WildFire Energy; Beau Woodward, Founder and Partner at WDC; Charlie McNeil, Founder and CEO of NexGen Resources Corporation; and Gary Grove, an investor and executive with experience across multiple companies and basins. It has been an honor and a privilege to work with Cody and his team.”