U.S. Energy Development Corp., a sponsor of direct-ownership oil and gas investments, has launched its 2019 A and B Drilling Fund LP.
This year’s Drilling Fund incorporates opportunity zone benefits in “Fund A” designed to combine favorable opportunity zone tax benefits with the inherent tax-advantaged nature of oil and gas direct investments.
U.S. Energy’s 2019 Drilling Fund A is a $200 million offering. The offering is for accredited investors only.
Established in 1980, U.S. Energy is an independent oil and gas operator that specializes in direct participation programs. The company sponsors three partnership investment structures, which include drilling funds, acquisition funds, and 1031 exchanges for accredited investors. Since the early 2000s, the company has invested in, operated and/or drilled more than 2,400 wells in 13 states and Canada, and has deployed more than $1.4 billion.