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Posted inPress Release

Arlington energy company acquires interest in Midland Basin project for $225 million

ARLINGTON, Texas, April 26, 2023 /PRNewswire/ — U.S. Energy Development Corporation (U.S. Energy), an exploration and production (E&P) company focused on the development of energy projects throughout North America, recently acquired a 25% working interest in the Mascot Project, a stacked pay asset in core Midland Basin for $225 million cash and other consideration. U.S. Energy anticipates full development of the project to comprise […]