U.S. Energy Development Corporation, an exploration and production (E&P) company focused on the development of energy projects throughout North America, announced on Tuesday that Jake Plunk has joined the executive staff as senior vice president of acquisitions and divestitures.
Plunk previously served as an independent nonexecutive director to U.S. Energy's Board of Directors for the past year.
U.S. Energy
Jake Plunk
“Jake's wealth of experience and knowledge in the oil and gas industry make him an invaluable asset for our executive team," said Jordan Jayson, chairman and CEO of U.S. Energy Development Corporation. “We eagerly anticipate his leadership and contributions as we continue to advance the company's operational and financial initiatives.”
Founded in 1980, U.S. Energy is a privately held exploration and production firm that manages assets for itself and its partners. U.S. Energy has invested in, operated and/or drilled approximately 4,000 wells in 13 states and Canada and deployed more than $2 billion on behalf of itself and its partners. Its recent operations have been focused on the Eagle Ford Shale, Powder River Basin, and the Permian Basin.
The company will soon relocate from its base of operations in Arlington to the Fort Worth Stockyards.
Prior to joining U.S. Energy, Plunk served as the CEO and COO of Fleur de Lis Energy and the VP of business development and investor relations at Merit Energy. In each of these roles, Plunk had oversight and responsibility over production, strategic planning, and negotiated acquisitions and divestments.
Plunk, who has more than 28 years of experience in the oil and gas industry in both the U.S. and Canada, has overseen more than $7 billion in acquisitions and more than $4 billion in divestments, according to a news release.
Plunk graduated from Texas Tech University with a degree in petroleum engineering and is a member of Texas Tech's Petroleum Engineering Academy and the Petroleum Industry Advisory Board.