U.S. Energy Appoints Investment Banking Veteran, Howard House, as Senior Vice President & Chief Strategic Officer and Expands with Houston Office
House brings significant energy transaction experience in the areas of mergers, acquisitions, divestitures, public and private capital markets as well as the design of various energy-related investment products. New location expands USEDC’s presence to Houston, near many of the Company’s industry partners, peers and other relationships. Fort Worth, TX – U.S. Energy Development Corporation (USEDC), […]
U.S. Energy Development Corporation Expands Permian Footprint Acquiring $390 Million Asset and Announces Upsized Credit Facility
U.S. Energy has acquired ~20,000 net acres in Reeves and Ward Counties, Texas. The position includes a substantial proved producing component and multi-year drilling inventory to supplement the firm’s existing footprint in the area.
U.S. Energy Development Corporation to Deploy Up to $1 Billion in the Permian Basin During 2025
USEDC 2024 deployment nears $800 million U.S. Energy Development Corporation (“USEDC”), an exploration and production company focused on the development of energy projects for itself and its partners, today announced plans to deploy up to $1 billion during 2025, primarily in the Permian Basin. The company’s announcement follows a record-breaking year during which USEDC deployed nearly $800 million into operated and non-operated projects. […]
U.S. Energy Development Corporation Announces Strategic 2023 Acquisitions and 2024 Growth Plans
U.S. Energy, an exploration and production (E&P) company focused on the development of energy projects throughout North America, today announced the results of its 2023 asset acquisition efforts and its plans for strategic growth in 2024.
U.S. Energy Development Corporation Acquires Working Interest in Core Midland Basin Project for $225 Million
Development Project further expands firm’s Permian Basin presence ARLINGTON, TX (April 26, 2023) – U.S. Energy Development Corporation (U.S. Energy), an exploration and production (E&P) company focused on the development of energy projects throughout North America, recently acquired a 25% working interest in the Mascot Project, a stacked pay asset in core Midland Basin for […]
2023 Industry Outlook: What We Can Expect
As a privately held upstream exploration and production (E&P) company in the oil and gas sector, it’s important to prioritize strategic planning for the new year. As an executive with Arlington, Texas-based U.S. Energy Development Corporation (U.S. Energy), strategic planning plays an integral part of our firm’s goal setting for the next year.
U.S. Energy Development Corporation Completes Rio Hondo 3-Well Pad
U.S. Energy, an exploration and production (E&P) company focused on the development of energy projects throughout North America, completed its Rio Hondo 3-Well pad this quarter. U.S. Energy worked alongside Midland-based Atlantic Energy Partners, LLC to identify and complete the project.
U.S. Energy Development Corp. sees growth opportunity in Permian
Arlington-based US Energy Development Corp. has been racking up Permian Basin assets over the last couple of years, and the region is a bright spot for the company. “Two-thirds of our budget will be allocated to the Permian Basin over the next two to three years,” said Jordon Jayson, chairman of the board and chief […]
U.S. Energy Development Corporation Announces Joint Acquisition With EagleRidge Energy LLC
U.S. Energy has announced a joint acquisition with EagleRidge Energy LLC. Under the new joint venture agreement, the companies plan to drill up to 12 horizontal wells over the next year in the Barnett Shale region – primarily located in Wise, Denton, and Johnson Counties.
U.S. Energy Development Corporation Acquires New Permian Basin Assets
(ARLINGTON, TEXAS) – U.S. Energy Development Corporation (U.S. Energy), an exploration and production (E&P) company focused on the development of energy projects throughout North America, announced the acquisition of three separate asset packages totaling more than $60 million in the core of the Permian/Delaware Basin region. The new acquisitions involve partnering with highly regarded operators […]