6 days ago
Japan Petroleum Exploration Co. (JAPEX) is expanding its U.S. oil and gas footprint with a $320 million acquisition of tight oil and gas producer Fundare, strengthening its position in Colorado and Wyoming as it pursues an aggressive international growth strategy.
JAPEX said it would acquire all four Fundare operating entities through its U.S.-based subsidiary structure, adding ***** ets that produced approximately 9,500 barrels of oil equivalent per day in the first quarter of 2026.
A major portion of the acquired acreage sits close to ***** EX's existing Verdad ***** ets, which the ***** anese producer acquired earlier this year. The proximity should allow ***** EX to pursue operational synergies, lower development costs and benefit from greater economies of scale.
The deal is closely aligned with ***** EX's newly launched 2026-2035 management plan, which positions the United States as a key hub for early earnings growth and for building the company's operational expertise in tight oil and gas. The company has set a target of increasing production to 100,000 boe/d by fiscal 2031 and 180,000 boe/d by 2035, with overseas E&P at the center of the strategy.
JAPEX's U.S. expansion has accelerated rapidly. Reuters reported in April that the company plans to direct more than half of its overseas E&P investment toward the United States, following its $1.3 billion acquisition of Verdad.
#fundare #tight #Growth
JAPEX said it would acquire all four Fundare operating entities through its U.S.-based subsidiary structure, adding ***** ets that produced approximately 9,500 barrels of oil equivalent per day in the first quarter of 2026.
A major portion of the acquired acreage sits close to ***** EX's existing Verdad ***** ets, which the ***** anese producer acquired earlier this year. The proximity should allow ***** EX to pursue operational synergies, lower development costs and benefit from greater economies of scale.
The deal is closely aligned with ***** EX's newly launched 2026-2035 management plan, which positions the United States as a key hub for early earnings growth and for building the company's operational expertise in tight oil and gas. The company has set a target of increasing production to 100,000 boe/d by fiscal 2031 and 180,000 boe/d by 2035, with overseas E&P at the center of the strategy.
JAPEX's U.S. expansion has accelerated rapidly. Reuters reported in April that the company plans to direct more than half of its overseas E&P investment toward the United States, following its $1.3 billion acquisition of Verdad.
#fundare #tight #Growth
