About Us


Fundare Resources Company, LLC is an exploration and production company headquartered in Denver, Colorado focused on developing prolific oil and gas reserves across North America. Fundare was founded by the experienced management team behind the successful Fifth Creek Energy Company and the four Bonanza Creek Energy companies.  Our management team has operated oil and gas assets for nearly two decades.  Fundare is built on a foundation of strong assets managed with our core values of Integrity, Teamwork and Transparency; proven principles that have resulted in repeated success.

Predecessors to Fundare Resources, a History of the “Creeks”


Mike Starzer formed the first of five “Creek” companies in 1999 with the initial acquisition of assets in the Wattenberg Field in Colorado. Pat Graham joined Mr. Starzer in 2001 and together they built an operating and technical team that has worked together over the past twenty years. Mr. Graham leads this team of highly trained specialists with industry expertise in all aspects of operations and development.

The five Creek companies invested $753 million in equity and returned in aggregate $2.46 billion of value to investors achieving an average 3.3x ROI and 39% IRR. The fourth Creek company, Bonanza Creek Energy, Inc. (NYSE: BCEI), successfully executed an IPO in December 2011 at $17.00/share. During the two and a half years following the IPO, BCEI grew to a $3 billion enterprise trading as high as $61.35 per share in June 2014. In 2012, BCEI received the “Best Performance of the Year” award from the O&G Investor and achieved a record low coupon for a first time Single B rated E&P issuer in a $500 million offering of public debt (two tranches). BCEI was the recipient of the “2013 Colorado Corporate Growth Award” from the Association for Corporate Growth recognizing the Bonanza Creek companies for consistent and profitable growth and job creation.

Fifth Creek Energy Company (“Fifth Creek”) was founded by Mr. Starzer and Mr. Graham in March 2015 and built an 80,332 contiguous net-acre position in the northern DJ Basin. Fifth Creek applied advanced horizontal drilling to 20 two-mile lateral wells in both the Niobrara and Codell formations. The company completed 10 of the two-mile lateral wells with advanced multi-stage frac technology achieving an average IP30 of over 1,000 Boe/d with an average liquids weighting of 91%. These 10 completed wells were among the all-time best producers in the basin. In March 2018 Fifth Creek merged with Bill Barrett to form HighPoint Resources in a predominately stock transaction achieving a 3.7x ROI and an IRR of 106% over a 3.2 year period (March 2015 – May 2018).

Each of the Creek companies acquired and developed oil and gas assets located primarily in the Rocky Mountain Region and southwest Arkansas, applying technological advances in horizontal drilling, multi‐stage fracture stimulation and pin‐point fracturing with coil tubing. The Creek companies successfully applied multiple corporate structures and financings to maximize the return for investors, including private equity, mezzanine, second lien debt, side car equity investments, corporate mergers and joint ventures, and, successfully accessed public equity and debt markets. In addition, the Creek companies completed multiple senior debt transactions with premier lenders, including Wells Fargo, JP Morgan, Bank of Montreal, US Bank, Key Bank, Union Bank, Bank of Oklahoma, BNP Paribas and Macquarie. The Creek companies’ reputation for generating exceptional returns within a culture of Integrity, Teamwork and Transparency has resulted in each company being recognized among the best managed E&P organizations.

Management


  • 36 years industry experience; Registered Professional Engineer in Petroleum Engineering with Master of Science in Engineering Management
  • 20-year / Five company investment track record managing $753 million in investor funding and over $1.1 billion in development investments
  • Driven to Maximize Investor Returns – successfully utilizing multiple corporate and financing structures
  • Founder of the Bonanza Creek companies, Co-founder of Fifth Creek Energy
  • Successfully led an IPO and achieved top performance results and investor returns
  • Public and private company industry board experience and relationships

Mr. Starzer has 36 years of experience in the oil and gas industry and has served as a director for multiple private and three public companies. In 1999, Mr. Starzer co-founded the first of five “Creek” companies where he served in positions as Chairman, Founder and Managing Partner, President and CEO, and, as a director on the board for each company. Through equity investments of $753 million over a 20-year period, the Creek companies returned $2.0 billion to investors achieving an average Return on Investment (ROI) of 2.7x and an Internal Rate of Return (IRR) of 37% per annum (detail provided in Investment Track Record Summary). Each of the Creek companies achieved excellent returns for investors through acquiring and developing conventional and unconventional oil and gas assets located primarily in the Rocky Mountain Region.

The most recent company, Fifth Creek Energy, was founded in March 2015 with institutional private equity provided by the premier investment firm Natural Gas Partners, in addition to previous investors in the earlier Creek companies. In December 2017, Fifth Creek Energy was strategically positioned for a public market exit through a merger with Bill Barrett Corporation to form HighPoint Resources (NYSE:HPR), a leading Rocky Mountain oil and gas company focused on oil-weighted unconventional development. Mr. Starzer currently serves on the public board of HighPoint Resources. From 2013 to 2018 Mr. Starzer served on the public board of Newalta Corporation (TSX:NAL), a Canadian-based service provider of engineered environmental solutions for the oil and gas industry, until completion of a merger between Newalta and Tervita Corporation (TSX:TEV).

Mr. Starzer is a member of the National Association of Corporate Directors (U.S.) and a member of the Institute of Corporate Directors (Canada). He is a Registered Professional Engineer in Petroleum Engineering and is a member of the prestigious Society of Petroleum Evaluation Engineers. Mr. Starzer has represented the energy industry providing expert witness testimony on technological advances and the impact of taxation and regulation policies on industry investment. He has authored and presented technical articles on technological advances and development optimization .

Mr. Starzer has a Bachelor of Science degree in Petroleum Engineering from the Colorado School of Mines and a Master of Science degree in Engineering Management from the University of Alaska and is a founding member of the Colorado School of Mines Pi Epsilon Tau Honor Society in Petroleum Engineering. Mr. and Mrs. Starzer serve on multiple charitable boards and in 2012, established the Starzer Scholarship Foundation providing financial assistance for postsecondary education. In 2013, Mr. and Mrs. Starzer were awarded the Mines Medal by the Colorado School of Mines for exemplary service to the industry.

  • 20 years industry experience, Engineering degree from Texas A&M University and MBA from the University of Denver
  • VP of Engineering at Fifth Creek Energy, Business Development Director at Bonanza Creek Energy
  • Executive at Cureton Midstream, a DJ Basin gas midstream company with a 60 MMCFD cryo plant and over 140 miles of pipe in Weld County Colorado
  • Led the formation and commercialized Bonanza Creek’s midstream company Rocky Mountain Infrastructure (RMI)
  • Focused on creating shareholder value through strategic transactions and running a streamline organization

Mr. Truitt is the President of Fundare Resources, LLC and is responsible for executing the business plan and running the day-to-day activities of the company.  Previously, Mr. Truitt was the VP of Engineering at Fifth Creek Energy and oversaw the successful delineation of the Hereford Field and added an additional 25,000 net acres in a six-month span through a combination of acquisitions and an active infield leasing program.  After the Fifth Creek Energy merger with Bill Barrett, Mr. Truitt went to Cureton Midstream as the Chief Commercial Officer and led the commercial activities for the company for 2 ½ years and is still an advisor for the company.

Mr. Truitt met Pat Graham and Mike Starzer in 2012 at Bonanza Creek and worked on corporate development overseeing the companies BD and marketing activities.  He divested Bonanza’s non-core California assets and helped expand Bonanza Creek’s footprint in Colorado and Arkansas through multiple transactions.  This is Mr. Truitt’s third iteration working with Mike and Pat building and operating successful companies.

Mr. Truitt began his 20-year career as a pumper in College Station while attending Texas A&M University.  He started professionally at Denali Oil & Gas and was both an engineer and geologist on projects throughout his 6 ½ years with the company.  Denali O&G was a conventional exploration company with successful ventures along the Gulf Coast (Frio, Vicksburg, Wilcox), Nesson Play in North Dakota, Sacramento Basin, and the Eagle Ford.

Mr. Truitt earned a degree in Engineering from Texas A&M University and MBA from the University of Denver.  He is involved in the Big Brothers Big Sisters of America program where he has been matched with his Little for 5 years now.  Mr. Truitt is also a Social Change Partner with the Youth Roots organization in the Denver area.

  • 20 years of accounting and industry experience, MS in Accounting from University of Colorado at Denver and degree in Finance from Fort Lewis College.
  • Chief Accounting Officer at Fifth Creek Energy
  • Public and private transactions and compliance experience
  • Known for driving organization improvements and implementing best practices.

Mr. Linhardt is the Chief Accounting Officer of Fundare Resources, LLC and is responsible for executing the business plan and overseeing accounting and treasury functions of the Company. Recently, Mr. Linhardt was the V.P. of Accounting at RockHouse Oil, LLC. He oversaw the accounting function of the Company and was a key contributor in valuation of business opportunities. Previously, Mr. Linhardt was the Chief Accounting Officer at Fifth Creek Energy and oversaw the accounting, treasury, human resources, purchasing, and information technology departments at the Company. Under his guidance, he ensured the Fifth Creek was SEC compliant for a public exit resulting in the Company executing a merger transaction with Bill Barrett Corporation to form HighPoint Resources.

Mr. Linhardt met Mike Starzer and Pat Graham in 2009 and was the Senior Audit Manager at Hein & Associates for Bonanza Creek Energy audit engagement until 2015. He led the assurance engagement team for Bonanza Creek Energy’s IPO, public bond offerings and financial statement audits.

Mr. Linhardt began his career in public accounting where he directed multiple engagement teams in audit services including financial statement audits, merger and acquisitions, evaluation of internal controls for publicly traded companies and privately held clients in the oil and gas, mining, alternative energy, and manufacturing industries.

Mr. Linhardt has a Bachelor of Arts degree in Finance from Fort Lewis College and a Master of Science degree in Accounting from University of Colorado at Denver. Mr. Linhardt is a member of the American Institute of Certified Public Accountants (AICPA), and the Colorado Society of Certified Public Accountants (CSCPA). Mr. Linhardt recently finished serving 7 years as a board member with the Marion Downs Center for Hearing and Speech.

  • 17 years of industry experience, BBA (Finance) from The University of Texas at Austin and JD from The University of Texas School of Law
  • Partner, Davis Graham & Stubbs LLP (Finance and Acquisitions Department)
  • Senior Corporate Counsel, SM Energy Company, with experience in acquisitions and divestitures in excess of $5 billion
  • Focuses on mitigating legal risk for the company and ensuring the accurate administration of all land matters

Craig Gleaton is the General Counsel and Vice President of Land of Fundare Resources Company, LLC, where he manages all legal and land matters for the company. Previously, Mr. Gleaton was a partner at Davis Graham & Stubbs, LLP, a Denver-based law firm. He also served as Senior Corporate Counsel at SM Energy Company, where he focused on acquisitions and divestitures in excess of $5 billion in value, while also attending to varied in-house legal matters, including negotiating farmout agreements, exchange agreements, drilling contracts and master service agreements, and various commercial arrangements. He is licensed to practice law in Colorado, North Dakota, Texas, and Wyoming.

Mr. Gleaton began his career in the industry as a field landman in the Austin Chalk and the Barnett Shale during law school, as well as a legal intern at the Texas General Land Office. From there, he started his practice writing several hundred title opinions covering lands in Colorado, Texas, and Wyoming before joining Davis Graham & Stubbs LLP as an associate (where he later returned as a partner).

Mr. Gleaton earned his BBA in Finance (with an emphasis in Accounting) from The University of Texas at Austin and JD from The University of Texas School of Law in 2007. He is a Texas Bar Foundation Fellow and recently completed Yale’s Financing and Deploying Clean Energy Certificate Program where he focused on project finance, carbon capture, geothermal energy and financial modeling for energy projects. Mr. Gleaton also serves on the COVID-19 Reopening Committee for Paddington Station Preschool in Denver, Colorado.

  • 10 plus years industry experience, Petroleum Engineering degree from the University of Wyoming
  • Operations Manager at RockHouse Oil and Gas, Drilling Manager at Fifth Creek Energy
  • Various Engineering roles with increasing responsibilities at Bonanza Creek Energy, and Middle Fork Energy Partners,
  • Managed his own Engineering consulting business managing drilling and construction operations for operators
  • Experience in DJ Basin, Permian, Uintah, Bakken, Eagle Ford, Gulf of Mexico
  • Results driven while striving to be cost conscious and utilize technology for continuous improvement

Mr. Brown has over 10 years of Petroleum Engineering experience. He has worked various roles across multiple basins including the DJ, Permian, Uintah, Bakken and Gulf of Mexico. Mr. Brown has held Engineering roles of varying responsibility in Production, Operations, and Facilities. He has managed fields ranging from Unconventional Horizontals to Gas wells to Conventional Oil wells using EOR to maximize production. Prior to Fundare he was the Operation Manager at RockHouse Oil, LLC. Previously he worked with Middle Fork Energy Partners as a Sr. Engineer overseeing field production and production operations. Mr. Brown started his own petroleum engineering consultant business where he managed operators drilling and construction operations. Previously he was the Drilling Manager for Fifth Creek Energy preceding its merger with Bill Barrett Corp. He also held various positions at Bonanza Creek Energy. He is results driven while striving to be cost conscious and utilize technology for continuous improvement. Mr. Brown received his B.S. in Petroleum Engineering from the University of Wyoming.

  • 13 years industry experience, Mechanical Engineering degree from Colorado School of Mines
  • Operations Engineer at Bill Barrett Corporation, Project Manager at Caliber Midstream
  • Founding Member & SVP Engineering & Operations at Cureton Midstream, supporting the commercialization, construction, and operations of a 60MMCFD gas gathering and processing system in Weld County
  • Extensive upstream and midstream operational expertise with focus on margin and execution
  • Background of growing organizations from inception to positive cashflow businesses driving investor value

Mr. Seaver is the Vice President of Midstream & Marketing for Fundare Resources, LLC and is directly responsible for development and execution of all marketing and midstream processes for company assets. Recently, Mr. Seaver was a Partner at Rio Blanco Energy Partners, providing midstream technical and commercial services to customers within the energy sector.

Mr. Seaver met Cody at Cureton Midstream in 2018 and worked closely together on the executive team of the organization. He developed the asset from conception to full operations of the gas gathering and processing system, managing land, regulatory, engineering, construction, and operations.

Mr. Seaver began as an intern in the Piceance Basin working out of Grand Junction rotating through drilling, completions, production, and facilities. After graduating, he took a full-time role with Bill Barrett Corporation as an Operations Engineer, supporting approximately 500MMCFD of natural gas transportation out of the Rocky Mountain region. After Bill Barrett successfully divested the core natural gas assets, Mr. Seaver joined as an early member to the Caliber Midstream Bakken team. He served as a Project Manager on all facilities constructed inclusive of a 10MMCFD gas processing plant, 40K BBL crude storage facility, multiple saltwater disposal wells, and freshwater intake systems.

Mr. Seaver earned a degree in Mechanical Engineering from Colorado School of Mines. He is actively involved with the Entrepreneurship & Innovation program at Colorado School of Mines and is a part of the President’s Council. Mr. Seaver also acts as an instructor for the TACT organization, which focuses on teaching trades to the autistic community.

Board of Directors


Michael “Mike” Starzer
Patrick “Pat” Graham
Tom Woodward
Gabe Woodward
Beau Woodward
Charles S. McNeil
Gary Grove

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