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Company Highlights

U.S. Energy Development Corporation – Company Highlights

Company History:

  • Founded in 1980 as an Appalachian-based operator in Pennsylvania and New York
  • Active in all major US oil & gas basins; with ownership interests in 13 states and Canada
  • Experienced staff with professional certifications and expertise across multiple departments including geology, engineering, finance, banking, engineering, land leasing, legal, sales & marketing, investor services, acquisition & divestitures, accounting, purchasing, human resources, information technology and field operations
  • One of the largest sponsors of direct oil & gas investment programs for clients with tax planning needs

Operating History:

  • Invested in, operated and/or drilled more than 2,400 oil & natural gas wells
  • Currently oversee daily production in excess of 7,500 barrels of oil equivalent (BOE); consisting of 4,000 barrels of oil per day (BOPD) and 35 million cubic feet of natural gas per day (MMCF/d)
    • Drilled and/or currently operate 80+ horizontal wells, including:
    • 60 in Texas – drilled since 2015
    • 20 in Oklahoma – drilled since 2012
    • 1,500+ in NY/PA – shallow, vertical oil and gas wells that were drilled primarily from 2003 to 2009

Extensive Project Inventory:

  • Over 35 Active Joint Venture Partners
  • Several active project areas spanning 475,000+ gross acres; 200,000+ net acres; 145,000 net held by production (HBP) acres
  • Primary Development Areas:
    • Eagle Ford Shale (TX)
    • Permian Basin (TX)
    • Mississippian Lime / Woodford Shale / Hunton Lime (OK)
    • Marcellus (PA)
    • Bakken/Three Forks Shale (ND)