U.S. Energy Corp.

U.S. Energy Development Corporation , an exploration and production company focused on the development of energy projects throughout North America, is pleased to announce that Mike Williams has joined the company as vice president of engineering. Williams brings more than two decades of oil and gas, reservoir engineering, and management experience to the U.S. Energy leadership team. "Based on his track record and [...]

U.S. Energy Corp. , a growth-focused energy company engaged in operating a portfolio of high-quality producing oil and natural gas assets, today reported financial and operating results for the three months ended June 30, 2023. SECOND QUARTER 2023 HIGHLIGHTS Record net daily production of 1,959 barrels of oil equivalent per day , a 10% increase over second quarter of 2022 Oil production of 114,900 barrels, or 64% of total [...]

U.S. Energy™, a leading provider of refined products, alternative fuels, and environmental credits, signed a long-term agreement with Edgewood Renewables, a leading developer of renewable diesel and sustainable aviation fuel projects, to operate a rail transload facility and refined products bulk plant in northern Las Vegas. "We're excited to leverage this property to supply refined products to the region and also [...]

U.S. Energy Corp. today announced that Mark Zajac has been appointed Chief Financial Officer , effective June 1, 2023. Mr. Zajac brings 30 years of leadership experience across energy and finance, primarily as a Partner and national industry leader with KPMG. "I look forward to welcoming Mark to the U.S. Energy team," said Ryan Smith, President and Chief Executive Officer of U.S. Energy. "Mark's expertise as a seasoned [...]

U.S. Energy Corp. , a growth-focused energy company engaged in operating a portfolio of high-quality producing oil and natural gas assets, today reported financial and operating results for the three months ended March 31, 2023. FIRST QUARTER 2023 HIGHLIGHTS Net daily production of 1,726 barrels of oil equivalent per day , a 29% increase over first quarter of 2022 Produced oil volumes of 91,311 barrels, or 59% of total [...]

U.S. Energy Corp. , a growth-focused energy company engaged in operating a portfolio of high-quality producing assets, announced today that it will be attending the EF Hutton Global Conference to be held at the Plaza Hotel in New York, New York on May 10-11, 2023. Ryan Smith, Chief Executive Officer of the Company, will host one-on-one meetings with investors at the conference. The Company's investor deck is posted on the [...]

U.S. Energy Corp. today 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 May 30, 2023 to stockholders of record as of the close of business on May 19, 2023. About U.S. Energy Corp. We are a growth focused energy company engaged in operating a portfolio of mature, low decline assets that is expected to allow us to [...]

U.S. Energy Corp. , a growth-focused energy company engaged in operating a portfolio of high-quality producing assets, today announced that its Board of Directors has authorized a share repurchase program under which the Company may purchase up to $5.0 million of its outstanding shares of common stock in the open market, in accordance with all applicable securities laws and regulations, including Rule 10b-18 of the [...]

Development Project further expands firm's Permian Basin presence U.S. Energy Development Corporation , an exploration and production company focused on the development of energy projects throughout North America, recently acquired a 25% working interest in the Mascot Project, a stacked pay asset in core Midland Basin for $225 million cash and other consideration. U.S. Energy anticipates full development of the project to [...]

U.S. Energy Corp. , a growth-focused energy company engaged in the operation of high-quality producing oil and natural gas assets, today reported financial and operating results for the three and twelve months-ended December 31, 2022. FULL YEAR 2022 HIGHLIGHTS Record production of 1,700 barrels of oil equivalent per day ; Adjusted EBITDA of $15.0 million; Net cash provided by operating activities of $10.9 million; Free [...]