Back in March, just as the Great Confluence of COVID, OPEC, and paralyzed oil and gas demand began its descent, Arlington, Texas-based U.S. Energy Development Corporation (USEDC) began sizing up investment opportunities. Specifically, upstream acquisitions and development projects that offered the company’s clients direct ownership of those assets. Reese Energy Consulting today is following the latest news from USEDC, which has announced acquiring an interest in the Columbia Project for $8.5 million. The $24.1 million Columbia includes development of three horizontal wells targeting the Permian’s Wolfcamp Shale. Shell Oil Company will operate, and initial production is slated for Q4 this year. USEDC in 2019 acquired a large operated position in a neighboring county and is currently developing three other Wolfcamp wells with plans to deploy $40 million in that project by year end. As one of the largest sponsors of direct energy investments, USEDC has invested in, operated, and/or drilled 2,400+ wells in 13 states and Canada with investments totaling more than $1.5 billion.

US Energy Development Corporation

A leader in oil & gas direct investments for clients with tax planning needs, U.S. Energy blends operational and financial innovation with a forward-looking approach.  Over the past 40 years, U.S. Energy has developed a disciplined investment strategy focused on Risk Mitigation, Economic Performance and the Utilization of Tax Advantages provided by the Internal Revenue Code.

usedc.com

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Learn more about REC at www.ReeseEnergyConsulting.com.

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