U.S. Energy Corp.

U.S. Energy Corp. today announced that the Company has completed its previously announced acquisition of operated oil and gas producing properties in Anderson and Henderson Counties, TX for a total cash consideration of $11.875 million, less purchase price adjustments. Ryan Smith, U.S. Energy's Chief Executive Officer, said, "The successful closing of this highly accretive acquisition continues to build U.S. Energy's [...]

U.S. Energy Corp. announced that its Board of Directors has declared a cash dividend on the Company's common stock in the amount of $0.0225 per share. The dividend is payable on August 22, 2022 to stockholders of record as of the close of business on August 8, 2022.

U.S. Energy Corp. announced that the Company has entered into an agreement to acquire operated oil and gas producing properties in an all-cash transaction. The Properties are located in Anderson and Henderson Counties, Texas adjacent to the Company's existing assets in the area. Acquisition Highlights Bolt-on acquisition of low-decline, core focus properties in East Texas for $11.8 million from a private party. Estimated [...]

U.S. Energy announced that the Company will be participating in the Louisiana Energy Conference to be held in New Orleans, Louisiana on June 1-3, 2022. Ryan Smith, Chief Executive Officer, will host in person one-on-one meetings with investors during the conference and participate on a panel discussion. An investor deck prepared for the conference will be posted on U.S. Energy’s website, www.usnrg.com, on the front page [...]

U.S. Energy announced financial and operating results for the first quarter ended March 31, 2022. Quarterly Highlights and Recent Developments: Oil and gas revenues of $8.9 million, an increase of 633% from the comparable period of 2021. Production of 120,712 BOE, or daily production of 1,341 BOEPD, an increase of 366% from the comparable period of 2021. Adjusted EBITDA1 of $4.1 million. Closed transformational and highly [...]

U.S. Energy Corp. today announced that the Company has acquired operated oil and gas producing properties in an all-cash transaction . The Properties are located primarily in Liberty County, TX adjacent to the Company's existing assets in the area. Acquisition Highlights Proved Developed Producing PV-10 estimated at $2.3 million. PDP reserves estimated at approximately 88,510 barrels of oil. Includes the Panther City [...]

U.S. Energy Corp. today announced results for the full year and fourth quarter ended December 31, 2021. In addition, the Company's board of directors declared a quarterly cash dividend of $0.0225 per share of common stock, payable on May 2, 2022, to shareholders of record as of April 15, 2022. Highlights Executed Purchase and Sale Agreements for previously announced transformative acquisitions on October 4, 2021, which [...]

U.S. Energy Corp. today announced its year-end 2021 SEC total estimated proved reserves of approximately 1.3 MMBoe and $20.6 million of PV-10. Incorporating the Company's recently announced acquisitions which closed on January 5, 2022 and utilizing NYMEX strip pricing, total proved reserves as of year-end were 6.0 MMBoe and $109.8 million of PV-10. Management Comment "2021 was a transformational year for U.S. Energy and [...]

U.S. Energy Corp. today announced the successful closing, on January 5, 2022, of the previously announced transactions to purchase certain oil and gas assets from Lubbock Energy Partners LLC, Synergy Offshore LLC, and certain entities controlled by Sage Road Capital, LLC . The Acquired Assets represent an operated portfolio of low decline, oil weighted assets across the Rockies, West Texas, Eagle Ford, and Mid-Continent [...]

U.S. Energy Development Corporation , an exploration & production firm that provides direct investments in energy, announced today that it has increased its master borrowing base with Washington Federal Bank to $75 million. "We are grateful for our continued partnership with Washington Federal," said Jordan Jayson, CEO of U.S. Energy. "This increased borrowing base provides U.S. Energy with additional capacity to acquire [...]