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 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, […]