Our History
Established in 1980, U.S. Energy is an exploration & production (E&P) operating company which designs and manages direct investment opportunities for accredited investors and institutional partners. Originally founded as an Appalachian-based operator in the northeast, over the past 40 years the company has invested in, operated and/or drilled more than 2,400 wells in 13 states and Canada and has deployed more than $1.6 billion on behalf of our partners.
Our Founding
U.S. Energy Development Corporation was formed as a successor to Oilmark & Company, Inc. which was founded in 1978. Both companies were successful operators of oil & gas wells located throughout the Appalachian Basin in Western NY and Northwestern PA.
Expansion
The company begins to drill wells outside of the Appalachian Basin and expands into new areas including Texas, Louisiana, and the province of Ontario, Canada. During this time, U.S. Energy is also growing through the acquisition of existing wells utilizing a disciplined investment strategy focused on risk mitigation, economic performance, and tax advantages.
Positioning for the Future
Increases in world-wide oil and gas prices result in more demand for capital for the oil & gas industry. During this time, U.S. Energy expands its operations by adding additional joint venture partners, increasing its acreage positions, and bolstering its field and corporate staff. The company positions itself for the future energy needs of America.
The Shale Revolution
Technological advances in horizontal drilling and hydraulic fracturing, creates additional opportunities for oil & gas development throughout the United States. U.S. Energy continues a rapid expansion in shale formations in Texas, Oklahoma, North Dakota and Pennsylvania.
Today
Today, you can find U.S. Energy actively involved in projects throughout the United States, with recent operations focused on the Permian Shale, Eagle Ford Shale, and Powder River Basin.
