U.S. Energy Corp.

U.S. Energy Corp. today announced that the NASDAQ Stock Market LLC notified the Company on April 17, 2019 that it is not in compliance with NASDAQ Listing Rule 5250 for continued listing due to the delay in filing its Annual Report on Form 10-K for the year ended December 31, 2018 . The notification from NASDAQ notes that U.S. Energy is required to submit a plan to regain compliance with NASDAQ's filing requirements for [...]

U.S. Energy Corp. today announced its continued participation in the horizontal drilling program on its existing acreage position targeting the development of the Georgetown formation in Zavala and Dimmit Counties, Texas. This will be the third and fourth participation wells for U.S. Energy in the development program. South Texas Operations U.S. Energy will participate in the upcoming Aaron #1 and J.J. #1 wells to be [...]

via NEWMEDIAWIRE – USEI CANNABIS INITIATIVES CORP, a wholly owned subsidiary of provides a status update regarding its cannabis operations and business plan for the first quarter of 2019 and beyond; management travels to MRX Xtractors this week to examine new ethanol extraction technology ahead of the execution of purchase orders and ensure our processes are seamless. We kindly invite you to visit the link below for [...]

U.S. Energy Corp. today announced initial production results from its recently announced horizontal drilling program on its existing acreage position targeting the development of the Georgetown formation in Zavala and Dimmit Counties, Texas. This is the second participation well for the Company in the development program. In Zavala County, Texas, the J. Beeler #1H, an approximate 26,000 foot total measured depth [...]

U.S. Energy Corp. today announced financial and operational results for the third quarter ended September 30, 2018. Highlights Production of 21,131 BOE, or daily production of 230 BOEPD; Oil and gas revenues of $1.2 million; Lease operating expenses of $0.4 million; Cash and cash equivalents of $3.0 million at 9/30/2018; Adjusted EBITDA of $0.2 million, and; Net income of $0.5 million. Management Comment David Veltri [...]

via NEWMEDIAWIRE – U.S. Energy Initiatives Corporation, Inc. , USEI announces the ownership of 52,766.66 Sumcoins; management further announces that in 2017 it entered into agreement for 3.6 Million aged USEI shares for crypto assets in an early stage crypto software venture. The resulting asset, known as Sumcoin. SUM is a decentralized mineable coin very similar to Bitcoin and Litecoin wherein its value is [...]

U.S. Energy Corp. today announced its participation in and the spudding of the Company’s first drilling prospect of 2018 targeting the Georgetown formation in Zavala County, Texas. The J. Beeler No. 1 was spudded on October 18, 2018 and is expected to be drilled to total depth in approximately three weeks. U.S. Energy holds a 30% working interest in the well and will fund its portion of the drilling through existing [...]

U.S. Energy Corp. today announced that it has entered into an exclusive non-binding Memorandum of Understanding to acquire oil and natural gas producing properties targeting the Bakken formation of North Dakota. Overview The Company has entered into a Memorandum Of Understanding with APEG I Partners, a Texas partnership , to acquire all of APEG’s interest in 67 wells concentrated in Williams and McKenzie Counties [...]

U.S. Energy Corp. today announced financial and operational results for the second quarter ended June 30, 2018. Highlights Production of 36,061 BOE, or daily production of 396 BOEPD; Oil and gas revenues of $1.6 million; Lease operating expenses of $0.5 million or $12.81 per BOE; Cash and cash equivalents of $2.8 million at 6/30/2018; Total outstanding debt of $0.9 million at 6/30/2018; Recently entered into agreement to [...]

DENVER, May 14, 2018 -- U.S. Energy Corp. today announced financial and operational results for the first quarter ended March 31, 2018. Highlights Production of 37,413 BOE, or daily production of 416 BOEPD, a 5% sequential increase; Oil and gas revenues of $1.6 million, a 23% sequential increase; Lease operating expenses of $0.4 million or $11.33 per BOE; Cash and cash equivalents of $2.1 million at 3/31/2018; Total [...]