Published April 16, 2025
Transaction is part of the company’s plan to invest up to $1 billion in oil and gas properties.
By Edited by Heather Gaynor
U.S. Energy Development Corporation (USEDC), a Fort Worth-based oil and gas exploration and production company has acquired 20,000 net acres in the Permian Basin in Texas.
“This transaction greatly enhances to overall quality and resilience of our portfolio, supplementing our reserves with additional proved producing assets, adding years of multibench drilling inventory and expanding our operated economies of scale,” said Jordan Jayson, CEO and chairman of USEDC.
USEDC plans to run a dedicated drilling rig on the acquired acreage, making this acquisition a key component of USEDC’s 2025 plan to invest up to $1 billion in U.S. oil and gas properties. In 2024, the firm deployed about $850 million in operated and non-operated oil and gas projects in the basin, and the firm’s team continues to evaluate opportunities.
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