Environmental Stewardship

Fundare Resources’ commitment to environmental, social and governance (ESG) is a core value, and we are committed to the responsible development of oil and natural gas resources in every aspect of our daily operations. We strive to be valued members and have a positive impact in the communities in which we live and work and are doing our part to minimize the impact of our operations. We value the health, safety and well being of our employees and contractors in the areas in which we operate.

Colorado leads the nation in providing a regulatory framework for responsible oil and gas development

  • Colorado’s oil and natural gas regulations underwent a significant legislative review in 2019/2020 creating industry-leading standards
  • Fundare’s senior leadership has extensive operating experience in Colorado, is committed to safe operations, the environment, and the communities in which we live and work

Strong Focus on Responsible Operatorship in Redtail Today

  • Minimal truck traffic with all fresh water, produced water, and oil on infield gathering pipeline systems throughout the Redtail Field
    Target Zero Flaring with 99% of operated wells are tied into company owned gas gathering system and gas processing plant
  • Leak Detection and Repair Program (LDAR) further reduces CO2 emissions
  • Vapor Recovery Units in the field to capture gas emissions off tanks
  • Implemented Tankless Facilities to further reduce emissions and spill prevention
  • Electrified key facilities including compression associated with gas plant, pumping units, small instrumentation, and valves

Future ESG Initiatives

  • Solar farm on ~100 acres of owned surface to offset power currently supplied off the grid
  • Tankless Facilities for new Razor 29 pad, an 8 well program scheduled for the first half of 2023