Fort Worth-based U.S. Energy Development Corp. said recently it will spend up to $1 billion in 2026 to “build on its momentum from 2025 to expand its portfolio of upstream assets across the lower 48.” The company said it will “focus the bulk of its capital spending expanding its high-quality inventory in the Permian Basin.”
Jordan Jayson, chairman and CEO, said Feb. 17, “In 2025 we deployed more than $1 billion on behalf of ourselves and our partners, including the largest transaction in the firm’s history. Our 2026 strategy to build on that momentum is straightforward: stay disciplined, stay selective and deploy capital where the fundamentals align.”
Since its founding in 1980, U.S. Energy Development Corp. has invested in, operated or drilled about 4,000 wells in 13 states and Canada.