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0.000128188693757276 0.00102550955005766 0.00128188693757203 0 -0.00256377387514425 -0.00679400076913218 -0.00628124599410325 -0.00602486860658888
Stock impact report

U.S. Energy Development extends Permian footprint with $390m asset acquisition [Yahoo! Finance]

U.S. Bancorp (USB) 
Last u.s. bancorp earnings: 4/15 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
The acquisition significantly enhances USEDC's portfolio, adding a substantial proved producing component and a multi-year drilling inventory to its existing holdings in the region. USEDC plans to operate a dedicated drilling rig on the newly acquired acreage. This acquisition is a key component of USEDC's 2025 plan to invest up to $1bn in US oil and gas properties. It also marks the largest single acquisition in the company's 45-year history. In 2024, the company deployed around $850m in operated and non-operated projects in the basin, continuing to seek opportunities aligned with its investment strategy. USEDC CEO and chairman Jordan Jayson said: "This transaction greatly enhances the overall quality and resilience of our portfolio, supplementing our reserves with additional proved producing assets, adding years of multi-bench drilling inventory, and expanding our operated economies of scale." RBC Richards Barr advised on the acquisition process, while Willkie Farr & Gall Show less Read more
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