Arlington-based U.S. Energy Development Corp. said last week it has made three additional acquisitions of assets in Delaware Basin for a total of $60 million. U.S. Energy will partner with operators in 17 new wells in three counties. Jordan Jayson, chairman and CEO, said Sept. 13, “We anticipate approximately $100 million of new production to come online by the end of the calendar year.”
A privately held E&P firm that manages assets for itself and partners, U.S. Energy has interests in about 4,000 wells in 13 states and Canada.