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U.S. Energy Development Corp.

Company Summary

Recent news

  • 9/14/2022 - U.S. Energy Development... (subscriber access)
  • 11/22/2021 - U.S. Energy Development... (subscriber access)
  • 9/9/2021 - U.S. Energy Development... (subscriber access)
  • 11/10/2020 - U.S. Energy Development... (subscriber access)
  • 9/16/2020 - U.S. Energy Development... (subscriber access)

Company Transactions

Date: 9/14/2022
Type: Acquisition

BUYERS:
  • U.S. Energy Development Corp.
    • DETAILS:

    COST: 60 $MM

    NOTES:
    The U.S. Energy Development Corp. has acquired three asset packages priced at $60 million in the Permian/Delaware Basin. "The new acquisitions involve partnering with highly regarded operators in 17 new wells spanning a three-county area."
    REGIONS:
  • Permian Basin

    • Date: 9/9/2021
    Type: Acquisition

    BUYERS:
  • U.S. Energy Development Corp.
    • DETAILS:

    COST: 50 $MM

    NOTES:
    U.S. Energy Development Corporation has signed a deal to acquire a $50 million upstream asset in Loving County, Texas. The Delaware Basin position marked their fifth major purchase of the year, and they plan to invest "an additional $400 million among the Permian, Powder River, Eagle Ford and DJ Basins over the next two years." No further details were given on the assets size.
    REGIONS:
  • Delaware Basin

    • Date: 11/10/2020
    Type: Acquisition

    BUYERS:
  • U.S. Energy Development Corp.
    • SELLERS:
  • XTO Energy Inc.
    • DETAILS:

    COST: 16 $MM

    NOTES:
    U.S. Energy Development Corp. has reached a deal with XTO Energy to acquire a working interest in the nine-well horizontal Poker Lake development in Eddy County, New Mexico, for $15 million. Production from the region is targeted to begin in early-2021, with total project costs estimated at $97 million.
    REGIONS:
  • Permian Basin