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USEDC acquires $390 million asset in Texas

Apr 15, 2025•3 months ago

Acquiring Company

U.S. Energy Development Corporation

Acquired Company

Description

U.S. Energy Development Corporation has acquired approximately 20,000 net acres in Reeves and Ward Counties, Texas, marking the largest acquisition in the company's history. The deal significantly enhances USEDC's total Permian Basin holdings, aligning with its strategic growth plans for 2025. Additionally, USEDC has increased its credit facility from $165 million to $300 million to support this acquisition.

Company Information

Company

U.S. Energy Development Corporation

About

U.S. Energy Development Corporation is a privately held oil and gas operator established in 1980 which provides direct investments in energy. The firm was named the Best Investment Company in North America by World Finance in its 2020 Oil & Gas Awards. U.S. Energy has invested in, operated and/or drilled more than 2,400 wells in 13 states and Canada and deployed more than $1.5 billion on behalf of its partners. More information is available at http://www.usedc.com/ SOURCE U.S. Energy Development Corporation

M&A Insights

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Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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