Company Research Report

Company Overview

Name and Mission of the Company

• Name: Fortuna

• Mission: To be the non-op partner of choice for oil and gas companies throughout North America.

Founding Details

• Founded: 2017

• Founder: No information is available

Key People in the Company

• Travis Pace - CEO

• Founder of Corbin Development Group, LLC

• Educational background: MBA and BA in English from Texas Tech University, MA in International Relations from the Fletcher School of Law and Diplomacy at Tufts University.

• Taylor Russell - COO

• Former Engineering Manager at Plantation Petroleum

• Educational background: B.S. in Petroleum Engineering from Louisiana State University.

• Tyler Hansen - VP Engineering

• Former lead engineer at CL&F Resources

• Educational background: B.S. in Petroleum Engineering from Texas A&M University.

• Aaron Tenenholz - VP Land & Business Development

• Former Director of Land & Regulatory for Centennial Resources

• Educational background: B.B.A. in Energy Management with a Minor in Finance from the University of Oklahoma.

Headquarters

• Address: 1106 Witte Road, Suite 400, Houston, Texas 77055

Number of Employees

• No information is available

Revenue

• No information is available

What is the Company Known For

• Fortuna is known for being a premier non-op investment platform specializing in oil and gas investments across North America.

Products

Product Offerings

• TNM Resources, LLC

• Description: Formed to pursue oil and gas opportunities in the broader Permian Basin focused on both the Central Basin Platform and Delaware Basin.

• Key Features:

• Holds approximately 18,300 net acres in the Central Basin Platform.

• Holds approximately 4,400 net acres in the Southern Delaware Basin.

• Focuses on drilling horizontal San Andres wells and horizontal Wolfcamp / Bone Spring wells.

• Fortuna Resources III, LLC

• Description: Formed to pursue non-op oil and gas investments in the Permian Basin.

• Key Features:

• Divested all assets in 2023.

• North Hudson Production Partners, LLC

• Description: Formed to pursue non-op oil and gas investments across the Lower 48.

• Key Features:

• Fully deployed and in distribution mode.

• North Hudson Production Partners II, LLC

• Description: Actively acquiring non-op interests across the Lower 48.

• Key Features:

• Formed in 2023 as the fourth non-op fund managed by Fortuna.

Recent Developments

New Products and Features

• TNM Resources, LLC:

• New Partnerships:

• Partners with North Hudson for a $133.0 million equity commitment (Oct 2, 2018).

• Partners with Och-Ziff to pursue Permian Basin oil and gas acquisition and development opportunities (Mar 2, 2017).

• Fortuna Resources III, LLC:

• New Partnerships:

• Expanded partnership with North Hudson Resource Partners LP with additional equity commitments (Sep 16, 2020).

Other Recent Developments

• Fortuna Resources III, LLC

• Divested all assets in 2023.

Contact Information

• Phone: +1.281.404.4806

• Email: info@fortunaresourcesllc.com

• Address: 1106 Witte Road, Suite 400, Houston, Texas 77055