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Fast Facts

U.S. Energy Development Fast Facts

Company history:

  • Founded in 1980; started as an Appalachian based operator
  • Currently operate in Texas, Oklahoma, New York and Pennsylvania
  • 65+ Employees with expertise in geology, engineering, finance, land leasing, legal, sales & marketing, investor services, acquisition & divestitures, accounting, purchasing, human resources, information technology and field operations
  • Ownership interests in 2,500+ oil & natural gas wells located throughout multiple oil & gas formations; exposure to 12 states and Canada
  • Industry leader in direct investment programs

 

Operating history:

  • Acted as operator with respect to the drilling of more than 2,340 wells
  • Currently operate nearly 10,000 boepd consisting of 4,000 bopd and 35 mmcf/d
  • Currently operate over 1,700 wells producing nearly 10,000 boepd consisting of 4,000 bopd and 35 mmcf/d
    • 1,600 in NY/PA – shallow, vertical oil and gas wells that were drilled primarily from 2003 to 2012
    • 50 in TX –horizontal Barnett Combo & Eagle Ford Shale wells drilled since 2010
    • 50 in OK – horizontal Mississippian Lime wells drilled since 2012
    • Have drilled and/or currently operate over 100 horizontal wells

 

Extensive project inventory:

  • Have participated with over 65 industry operators
  • Several active project areas spanning 475,000+ gross acres; 200,000+ net acres; 145,000 net HBP acres
  • Primary Development Areas
    • Eagle Ford Shale (TX)
    • Wolfcamp Shale (TX)
    • Mississippian Lime / Woodford Shale / Hunton Lime (OK)
    • Marcellus (PA)
    • Bakken/Three Forks Shale (ND)