November 10, 2020.
U.S. Energy Development Corporation, an exploration & production (E&P) firm which designs and manages direct investments in energy, announces it has acquired a working interest position in Poker Lake, a nine well horizontal development project in Eddy County, New Mexico. The $16 million project further expands U.S. Energy’s investments within the Permian Basin.
November 9, 2020.
What is the current situation in energy and the timeline for recovery? What investment opportunities exist? How have the structure and style of direct energy investments evolved over the past several years? Our guests, Matt Iak, executive VP of U.S. Energy Development Corp., and Brad Updike, an attorney and director at Mick Law, offer their observations.
U.S. Energy Development Corporation Adds Additional Corporate Governance with Transition to Majority of Independent Board of Directors
November 8, 2020.
U.S. Energy Development Corporation, an exploration & production (E&P) firm which designs and manages direct investments in energy, announces the appointment of Josh Sherman as an independent, non-executive director to its board and the promotion of current director, Robert Woody, to lead independent director.
U.S. Energy Development Corporation CFO recognized as champion of next generation of oil & gas professionals
November 6, 2020
Oil and Gas Investor has named Brandon Standifird, chief financial officer of U.S. Energy Development Corporation, an honoree in the magazine’s annual Forty Under 40 in Energy. The honor recognizes industry executives across exploration and production (E&P), oilfield services, acquisitions and divestitures (A&D), midstream, law and finance industries who demonstrate impressive entrepreneurial spirit, creative problem solving, leadership and community involvement.
PlayMakers Talk Show with Jordan M. Jayson, CEO & Chairman of the Board, U.S. Energy Development Corporation
October 16, 2020.
A strong proponent of business growth, Jordan drove the transition of U.S. Energy from a solely Appalachian-based producer to a diversified asset base across multiple basins. Under his leadership, Jordan has led U.S. Energy to invest in, operate, and/or drill more than 2,400 wells in 13 states and Canada: deploying over
$1.5 billion on behalf of its partners.
October 6, 2020.
As Seen In Hart Energy
Texas-headquartered private company is leveraging its 40 years of expertise developing oil and natural gas assets to acquire interest and form partnerships. The company, which specializes in direct energy investments, said it has deployed more than $1.5 billion on behalf of its partners, drilling more than 2,400 wells in North America.
October 5, 2020.
Despite the challenges of low oil prices in 2020 and the impact of COVID-19 on the global economy, U.S. Energy has remained resilient. The firm is currently in the best financial position in its 40 year history and continues to make strategic investments in its future. This year alone, U.S. Energy has acquired more than $50 million in energy assets and significantly increased its borrowing capacity.
September 26, 2020.
Article from MSN Money references U.S. Energy’s recent acquisition activity in the Permian Basin.
As Seen on MSN Money
September 16, 2020.
U.S. Energy Development Corporation acquires interest in Texas-based Columbia Project Operated by Shell Oil Company.
As Seen on Yahoo! Finance
September 10, 2020.
U.S. Energy Development Corporation and Mission Arlington staff pose together after the corporation donated a Chevy Silverado truck to the food pantry.
September 9, 2020.
U.S. Energy Development Corporation is excited to continue our commitment to building stronger communities and has announced a partnership with the National Forest Foundation.
September 1, 2020.
U.S. Energy Development Corporation supports troops in all branches of the Armed Services.
August 18, 2020.
U.S. Energy Corporation (USEDC), a leader in oil & gas direct investments for clients with tax planning needs, will be present at The 2020 Oil & Gas Conference today. CEO Jordan Jayson to speak and host fireside chat.
March 13, 2020.
As Seen In Real Asset Adviser’s April 2020 Magazine: Access Digital Format
As fears surrounding the spread of Coronavirus (COVID-19) and what it could mean to the global economy reached new highs, financial markets across the world have been in decline. Adding to the stress of an already fragile global economy, on March 6 OPEC+ talks of reducing the supply of oil between the second and third largest producers in the world – Russia and Saudi Arabia – collapsed.
June 19, 2019
Arlington, Texas – U.S. Energy Development Corporation, one of the largest sponsors of direct-ownership oil and gas investments, has announced participation in a 9 well oil development project in the Powder River Basin, also known as the PRB. The company committed $6.6 million to this project on behalf of one of its Acquisition Funds, the Strategic Energy Income Fund V LP. As of mid-June, production from the first four wells was averaging approximately 700 barrels per day, which is above type-curve for this stage of production (footnote 1). Revenue associated with these wells are anticipated to be received this summer (footnote 2).
U.S. Energy Announces Participation in a $77 Million Development of its ‘Echo’ Project in New Mexico
April 30, 2019
Arlington, Texas – U.S. Energy Development Corporation has announced that the company is participating in a $77 million development of its Echo project acreage. The project will co-invest with three other companies and includes an interest in 8 oil wells for a net investment of $5.5 million. Current development is expected to create additional cash flow while potentially increasing the future divestment value on the more than 2,700 net acres owned in the Echo project.
December 12, 2018
Arlington, Texas – U.S. Energy Development Corporation, an independent oil and gas operator specializing in direct participation programs, has sold a portion of its Echo project to Devon Energy (NYSE: DVN) for a 61.35% distribution net to its Strategic Energy Income Fund V LP; one of the company’s Acquisition Funds. The Echo Project was acquired by the Strategic Energy Income Fund V LP in early 2018 and proceeds were distributed in October 2018.