U.S. Energy Development Corp. acquired a 25% working interest in the Midland Basin’s Mascot Project, which include at least 50 undeveloped well locations.
U.S. Energy Development Corporation has acquired a 25% working interest in the Mascot Project, a stacked pay asset in the core Midland Basin for $225 million cash and other consideration.
U.S. Energy acquired a 25% interest in the Mascot Project, a stacked pay asset in the Midland basin for $225 million, with $130 million expected in capital expenditures.