Energies Media
  • Magazine
    • Digital Magazine
    • Digital Magazine Archive
  • Features
  • Upstream
  • Midstream
  • Downstream
  • Renewable
    • Solar
    • Wind
    • Hydrogen
    • Nuclear
  • People
  • Events
  • Advertise
No Result
View All Result
Energies Media
No Result
View All Result

U.S. Energy Development Corporation Announces Strategic 2023 Acquisitions and 2024 Growth Plans

by Energies Media Staff
February 1, 2024
in News, Oil and Gas News
U.S. Energy Development

Oil Companies Cut Millions in Wrong Places as Clean Energy Reshapes Industry

Texas Consultancy Develops AI to Address Project Challenges in the U.S. Energy Sector

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.”

In 2023 U.S. Energy closed 19 transactions, deploying nearly $600 million in total capital expenditures – most of which are Permian-based, along with other significant investments in producing horizons including the Barnett, Haynesville, and Powder River Basin. These transactions have continued to strategically grow the firm’s domestic footprint, especially in the Permian Basin, which had previously been buoyed by a $225 million investment in the Mascot Project – a stacked pay prospect in core Midland Basin, acquired during the fourth quarter of 2022.

Looking ahead, U.S. Energy’s 2024 growth strategy entails the disciplined evaluation and acquisition of high quality assets in the Permian and other prominent domestic basins, with the deployment of up to an additional $650-$750 million. This includes plans to keep an operated rig running in the Delaware Basin for the majority of the year. Cumulatively, the company is expecting to deploy upwards of $1 billion in upstream assets over the next 18 months.

“As we proceed with our plans for strategic growth, we’re excited to continue investing in the Permian, which we believe provides us the best opportunity to maximize value for our firm and partners,” said Jordan Jayson, chairman and CEO of U.S. Energy. “This investment strategy for the near-term demonstrates our commitment to acquire high-quality assets, while collaborating with the industry’s most proven operators.”

About U.S. Energy Development Corporation

Founded in 1980, U.S. Energy Development Corporation (U.S. Energy) is a privately held exploration and production (E&P) firm that manages assets on behalf of itself and its partners. For more than four decades, U.S Energy has blended operational and financial innovation with a forward-looking approach. Headquartered in the Dallas Fort Worth Metroplex, U.S. Energy has invested in, operated and/or drilled approximately 4,000 wells in 13 states and Canada and deployed more than $2 billion on behalf of itself and its partners. For more information, please visit usedc.com and follow U.S. Energy on LinkedIn.

Author Profile
Energies Media Staff
Website
Author Articles
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    Oil Companies
    September 15, 2025
    Oil Companies Cut Millions in Wrong Places as Clean Energy Reshapes Industry
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    Drones
    September 8, 2025
    Revolutionizing Renewable Energy with Advanced Drone Technology
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    Global Shale Oil and Gas Landscape Set for Growth Beyond US
    August 26, 2025
    Global Shale Oil and Gas Landscape Set for Growth Beyond US
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    E-Fuels
    August 13, 2025
    2nd Annual World E-Fuels Summit
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    What Happens to Solar and Wind Systems During Natural Disasters?
    August 6, 2025
    What Happens to Solar and Wind Systems During Natural Disasters?
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    ship on body of water at night
    August 1, 2025
    Industry leaders to speak at Wood Mackenzie’s Carbon Capture, Utilization and Storage Conference 2025
Pipeline
TAMU

In This Issue

Energies Media Summer 2025

ENERGIES Media (Summer 2025)


ENERGIES Cartoon (Summer 2025)


Maximizing Clean Energy Tax Credits Under the Inflation Reduction Act


How to Deploy Next-Gen Energy Savers Without Disrupting Operations


Bringing Safety Forward in Offshore Operations


NeverNude Coveralls: A Practical Solution for Everyday Dignity


Letter from the Managing Editor (Summer 2025)


Moving Energy Across Space and Time


Meeting Emergency Preparedness and Response Criteria


Why Energy Companies Need a CX Revolution


Energies Media Interactive Crossword Puzzle – Summer 2025


U.S. Oil Refineries Face Critical Capacity Test Amid Rising Demand


The Hidden Value in Waste Oil: A Sustainable Solution for the Future


Dewey Follett Bartlett, Jr.: Tulsa’s Champion of Independents

E-Fuels
Expo
  • Terms
  • Privacy

© 2025 by Energies Media

No Result
View All Result
  • Magazine
    • Digital Magazine
    • Digital Magazine Archive
  • Features
  • Upstream
  • Midstream
  • Downstream
  • Renewable
    • Solar
    • Wind
    • Hydrogen
    • Nuclear
  • People
  • Events
  • Advertise

© 2025 by Energies Media