U.S. Energy Development Increases its Master Borrowing Base to $75M
The U.S. Energy Development Corporation (U.S. Energy), an exploration and production firm that provides direct investments in energy, primarily invests in projects across the Permian Basin, Eagle Ford, as well as the DJ and Powder River Basins. The firm recently increased its master borrowing base with Washington Federal Bank to $75 million.
U.S. Energy has invested upwards of $135 million in the core of the Permian Basin this year alone, with plans to invest an additional $400 million in projects located in these core areas in the next two years.
“This increased borrowing base provides U.S. Energy with additional capacity to acquire more high-quality assets in our core focus areas,” said Jordan Jayson, CEO of U.S. Energy.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.