U.S. Energy Development plans up to $1B for Permian in 2026

U.S. Energy Development Corp. (USEDC) says it expects to deploy up to $1 billion in 2026, largely targeting upstream oil and gas opportunities in the Permian Basin. The plan follows a similar $1 billion deployment in 2025 and builds on the company’s $390 million 2025 acquisition of roughly 20,000 acres in Reeves and Ward counties, where USEDC expects to drill about 22 wells, with additional activity possible alongside other operators.

Company executive Jake Plunk said USEDC intends to keep expanding its Permian inventory using “stress-tested” underwriting focused on capital discipline, free-cash-flow visibility, and operational control where it makes sense. He estimated 25%–30% of 2026 capital will go to operated assets, about 30% to strategic partnerships expected to drill 25–30 wells, and the remainder to non-operated participation in the “wellbore market.” For context on how direct energy ownership can be evaluated, see Guardian’s investment approach and oil & gas tax benefits.

Source: Midland Reporter-Telegram

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