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U.S. Energy Development Corporation Announces Strategic Acquisition Of A $50 Million Asset In The Delaware Basin

Sep 09, 2021•over 4 years ago

Acquiring Company

U.S. Energy Development Corporation

Acquired Company

Million Asset

Description

U.S. Energy Development Corporation (U.S. Energy), an exploration & production (E&P) firm which provides direct investments in energy, announced its most recent strategic acquisition of a $50 million asset in Loving County, Texas, in the core of the Delaware Basin.

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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Success factor
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