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 Completes Corporate Refinancing with $165 Million Syndicated Revolving Credit Facility led by Citibank, N.A.

The new syndicated facility provides USEDC with an additional source of capital to support its continued growth. 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 successful closing of a new $165 million syndicated revolving credit facility led by Citibank, N.A. The new […]