U.S. Energy Development Corporation expands Permian footprint acquiring $390 million asset and announces upsized credit facility
Oil & Gas 360º
APRIL 15, 2025
(Oil & Gas 360) ~20,000 net acres Significant multi-bench drilling inventory Upsize of USEDCs syndicated revolving credit facility led by Citibank, N.A. The position includes a substantial proved producing component and multi-year drilling inventory to supplement the firms existing footprint in the area. oil and gas properties.
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