U.S Energy acquired a $50 million asset in the Delaware Basin

U.S Energy Development Corporation announced Wednesday its acquisition of a $50 million asset in the core of the Delaware Basin in Loving County.  

The Arlington-based company is extending its reach in one of its primary development areas with the purchase, according to a news release. It will add wells targeting three of the basin’s most prolific benches, 3rd Bone Spring, Wolfcamp A and Wolfcamp XY. The new deal will bring U.S Energy’s total investment in the Permian Basin to $135…


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