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 Continues to Expand Its Footprint in the Permian Basin
U.S. Energy is strategically expanding its operations in the prolific Permian Basin. Building on a series of recent successes, the company is poised for significant growth and development in one of the most productive oil and gas regions in the United States.
Progress and development in the Permian basin
An independent operator and oil and gas investment broker provides perspective on strategies and future potential of the Permian basin, including short- and long-term forecasts for E&P opportunities in West Texas. Jordan Jayson / U.S. Energy Development Corporation The West Texas Permian region has one of the world’s deepest sedimentary basins and contains a multitude […]
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 […]
U.S. Energy Development Corporation Upsizes Borrowing Base
ARLINGTON, TEXAS – Nov. 19, 2021 – U.S. Energy Development Corporation (U.S. Energy), an exploration & production (E&P) firm that provides direct investments in energy, announced today that it has increased its master borrowing base with Washington Federal Bank to $75 million. “We are grateful for our continued partnership with Washington Federal,” said Jordan Jayson, […]
U.S. Energy Development Corporation Announces Strategic Acquisition of a $50 Million Asset in the Delaware Basin
On track to invest an additional $400 million within the next 24 months ARLINGTON, TEXAS – U.S. Energy Development Corporation (U.S. Energy), an exploration & production (E&P) firm which provides direct investments in energy, announced its most recent strategic acquisition of a $50 million asset in Loving County, Texas, in the core of the Delaware […]
U.S. Energy Development Corporation Acquires $14.1 Million Asset in the Permian Basin
As Seen In Hart Energy Acquisition Brings Total Investments in Permian Basin to $86 Million Within the Past Year ARLINGTON, TEXAS – U.S. Energy Development Corporation (U.S. Energy), an exploration & production (E&P) firm which provides direct investments in energy, announced its most recent acquisition in the Permian Basin for $14.1 million, bringing the firm’s […]