U.S. Energy Development Corporation Announces Strategic 2023 Acquisitions and 2024 Growth Plans
FORT WORTH, TX – 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, today announced the results of its 2023 asset acquisition efforts and its plans for strategic growth in 2024.
“In the last six months alone, we closed well over 10 acquisitions with combined capital commitments of more than $500 million,” said Jordan Jayson, chairman and CEO of U.S. Energy. “Virtually all of these assets are located in the Permian Basin, which is where we plan to focus the majority of our activities in 2024 — both as an operator and a partner.”
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Since 1980, U.S. Energy has invested in, operated, and/or drilled more than 2,400 wells in 13 states and Canada; deploying over $1.5 billion on behalf of our partners.