U.S. Energy Development to Deploy $1 Billion in 2026

- The Fort Worth-based company's 2025 transactions included its largest single acquisition in its 45-year history: approximately 20,000 net acres in Reeves and Ward Counties in Texas for $390 million. This acquisition is a key component of the company's plan to invest up to $1 billion in U.S. oil and gas properties in 2025. - To support its growth, U.S. Energy Development Corporation increased its syndicated revolving credit facility, led by Citibank, from $165 million to $300 million. - A significant portion of the company's capital deployment is focused on the Permian Basin, where it estimates 90% of its 2025 capital will be spent, split between the Delaware Basin (75%) and the Midland Basin (25%). - The company is expanding its physical presence, having recently opened a new office in Houston. This move is intended to be closer to many of the company's industry partners and peers. - In a strategic leadership addition, Howard House, an investment banking veteran with over $125 billion in transactional experience, was appointed as Senior Vice President and Chief Strategic Officer to guide the company's M&A strategy and oversee the new Houston office. - U.S. Energy Development Corporation is a privately held firm founded in 1980. It has invested in, operated, and/or drilled approximately 4,000 wells across 13 states and Canada. - The company's leadership includes CEO and Chairman Jordan Jayson and President of Capital Markets Matthew Iak. The company's board is majority-independent and includes individuals with experience in the oil and gas, financial, and legal sectors. - Prior to the planned $1 billion deployment in 2026 and a similar amount in 2025, the company deployed nearly $800 million in 2024 across 29 transactions and nearly $600 million in 2023 through 19 transactions.