We will acquire all equity interests in Fundare, four US-based tight oil and gas asset holdings, for approximately $320 million, and consolidate them through Peoria. From the fourth quarter of the 2027 fiscal year, we expect to contribute to consolidated results, with an estimated operating income contribution of about \u00a515 billion in the 2028 fiscal year.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"1662","jir_company_name":"Oil Resource Development Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-08-06","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/08\/1662-20260806-04.pdf","jir_short_summary":"We will acquire all equity interests in Fundare, four US-based tight oil and gas asset holdings, for approximately $320 million, and consolidate them through Peoria. From the fourth quarter of the 2027 fiscal year, we expect to contribute to consolidated results, with an estimated operating income contribution of about \u00a515 billion in the 2028 fiscal year.","jir_summary":"### Overview\nOil Resource Development has resolved by the Board of Directors to acquire all outstanding shares of Fundare\u2019s four US-based tight oil and gas assets in Colorado and Wyoming. The acquisition will be executed through AcquCo in related-party transactions, aiming to integrate nearby assets to improve development efficiency and reduce costs. After the acquisition, consolidation will occur through Peoria Resources, LLC.\n\n### Financial impact and schedule\nAcquisition price is approximately $320 million. The closing is planned for the third quarter of the 2027 fiscal year, and is expected to contribute to consolidated results from that quarter onward. The current period's contribution is expected to be operating income in the several billions of yen, with an approximate contribution of about \u00a515 billion in the 2028 fiscal year.","jir_financial_highlights":"Acquisition price: Approximately $320 million\nProduction volume (Fundare's latest average): About 9,500 boed (net)\nExpected operating income contribution for the current period: Approximately several billions of yen\nExpected operating income contribution for the 2028 fiscal year: About \u00a515,000,000,000","jir_category":"","jir_hashtags":"#OilResourceDevelopmentCo.,Ltd., #M&A, #AssetAcquisition","jir_key_figures":"Acquisition price: Approximately $320 million\nExpected operating income contribution for the current period: Several billions of yen\nExpected operating income contribution for the 2028 fiscal year: About \u00a515 billion","jir_meta_title":"[Oil Resource Development Co., Ltd.] Acquisition of US Assets | Approximately $320 million, consolidation planned","jir_meta_description":"Oil Resource Development will acquire all shares of Fundare\u2019s four US entities to consolidate them. Acquisition price is approximately $320 million, with closing planned in Q3 of the 2027 fiscal year. The future consolidated results are expected to contribute on the order of several billions of yen, with about \u00a515 billion in the 2028 fiscal year.","jir_og_title":"[Oil Resource Development Co., Ltd.] Acquisition of US assets and consolidation into a subsidiary","jir_og_description":"Decision to acquire US tight oil and gas assets. About $320 million, consolidation into a subsidiary planned. Contribution outlook begins in the 2027 fiscal year, with about \u00a515 billion expected in the 2028 fiscal year.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":7990,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"m_and_a_alliance","footnotes":""},"sector":[],"importance":[],"class_list":["post-96414","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n