Arlington-based energy exploration and production company U.S. Energy Development Corp. has closed a new $165 million revolving credit facility, which could expand to $500 million, providing fresh capital for strategic growth.
The announcement follows USEDC’s recent commitment to deploying up to $1 billion in new projects in the Permian Basin in 2025, building on what the company calls a “record-breaking year” in 2024.
Citibank NA led the financing syndicate, with U.S. Bank, Washington Federal Bank, and TCBI Securities acting as joint lead arrangers and bookrunners. The facility will support development projects, strategic acquisitions, and operational improvements.
“This new credit facility represents a meaningful step in optimizing our capital structure and positioning USEDC for continued growth,” U.S. Energy CFO Brandon Standifird said in a statement. “The commitments from Citibank and our syndicate partners are a testament to our track record of operational excellence and our ability to execute on our strategy in a dynamic energy market.”
Earlier this month, the company detailed its plan to focus on operated and non-operated oil and gas assets, primarily in the Permian Basin, as part of its $1 billion deployment strategy for 2025. USEDC cited strong economics, steady production performance, and cost efficiencies as key factors driving its investment approach.
USEDC, which deployed nearly $800 million in 2024, enters 2025 with a growth mindset.
Jordan Jayson
“We have built a strong track record of sourcing and transacting on high-quality opportunities, and our ability to deploy capital efficiently continues to drive strong results,” U.S. Energy Chairman and CEO Jordan Jayson said in a statement.
“Our approach remains the same—we will continue to evaluate opportunities that align with our disciplined investment strategy and deliver value to our partners. With a strong foundation and a targeted approach, we are well-positioned to build on our momentum entering 2025.”
In a December market update, USEDC said that despite “the geopolitical uncertainty in the U.S. and the rest of the world in 2024, the energy markets have remained relatively stable, and deal flow has been strong.” The company noted that it continues to see “steady, attractive deal flow.”
In its recent Oil & Gas Market Update, “‘Drill Baby Drill‘: Breaking Down the GOP’s Plan for Oil & Gas Dominance,” USEDC examined “how the post-election political landscape stands to open significant doors for oil and gas companies.”
Founded in 1980, the privately held firm focuses on developing energy projects for itself and its partners. To date, USEDC has invested more than $2 billion and has developed, operated, or drilled nearly 4,000 wells across 13 states and Canada.
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