The economics of drilling and operating wells in the Permian Basin continue to drive the company’s investment strategy. Credit: Cavan-Images/Shutterstock.

US Energy Development Corporation (USEDC) has announced plans to invest up to $1bn in the Permian Basin during 2025.

This decision follows a “record-breaking” year for the exploration and production (E&P) company, which deployed nearly $800m into both operated and non-operated projects in 2024.

The Permian Basin is expected to remain its primary focus due to favourable drilling economics.

USEDC, a privately held E&P company that manages assets for itself and its partners, aims to invest up to $1bn in US-operated and non-operated oil and gas projects.

It attributes its success to consistent production growth, operational discipline, and a team of skilled energy and investment experts evaluating opportunities.

The company remains confident in its ability to acquire high-potential properties in the Permian Basin and efficiently manage the costs of both operated and non-operated ventures.

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USEDC chairman and CEO Jordan Jayson said: “Our long-term acquisition and production strategies continue to generate solid performance across a portfolio of more than 2,000 wells.

“Despite global price volatility and market uncertainty, the energy market remained relatively stable, and our reputation for completing deals resulted in a record flow of successful transactions and capital deployment in 2024.”

The company stated that the economics of drilling and operating wells in the Permian Basin continue to drive its investment strategy.

In 2024, the company evaluated more than 220 opportunities and completed 29 transactions, an increase from 2023.

Jayson added: “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.

“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.”

During 2023, the company closed 19 transactions and deployed nearly $600m, primarily in the Permian Basin, with additional projects in the Barnett, Haynesville and Powder River basins.

This strategic focus on the Permian Basin is driven by consistent results and the potential for high returns.