U.S. Energy Corp.

U.S. Energy Development Corporation , an exploration and production firm today announced Alisha Waring joins as the Vice President of Human Resources . Reporting directly to the CEO, Waring will be responsible for recruiting and retaining top talent, organizational policy, workforce planning, development and implementation of culture initiatives, performance, and benefits. Waring brings more than a decade of HR experience [...]

U.S. Energy Corp. , a growth-focused energy company engaged in operating a portfolio of high-quality producing oil and natural gas assets, today announced that it will issue third quarter 2022 results after the market closes on Thursday, November 10, 2022. A conference call will be held Friday, November 11, 2022, at 8:30 a.m. ET to review the Company's financial results, discuss recent events and conduct a [...]

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 November 22, 2022 to stockholders of record as of the close of business on November 8, 2022. 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 [...]

Companies will partner in multiple asset production in the Barnett Shale region U.S. Energy Development Corporation , an exploration and production company focused on the development of energy projects throughout North America, has announced a joint acquisition with EagleRidge Energy LLC. Under the new joint venture agreement, the companies plan to drill up to 12 horizontal wells over the next year in the Barnett Shale [...]

U.S. Energy Development Corporation , an exploration and production firm announces the appointment of Jake Plunk as an independent, non-executive director to its Board of Directors effective today. The new addition of Mr. Plunk brings the total number of directors to six, four of whom are independent. Mr. Plunk has over 26 years of experience in the oil and gas industry. He has been involved in more than $7 billion in [...]

U.S. Energy Development Corporation , an exploration and production company focused on the development of energy projects throughout North America, announces Jacob Daniels has joined as the Vice President of Land. Daniels is responsible for managing and overseeing the firm's leasehold and land contracts. "We are fortunate to have someone of Jacob's caliber at our firm. He has a stellar reputation within our industry, and [...]

Continues to grow its presence in the oldest and most widely recognized U.S. oil and gas region U.S. Energy Development Corporation , an exploration and production company focused on the development of energy projects throughout North America, announced the acquisition of three separate asset packages totaling more than $60 million in the core of the Permian/Delaware Basin region. The new acquisitions involve partnering [...]

U.S. Energy announced financial and operating results for the second quarter ended June 30, 2022. Quarterly Highlights and Recent Developments. Oil and gas revenues of $13.5 million, an increase of 714% from the comparable period of 2021. Production of 162,230 barrels of oil equivalent, or daily production of 1,783 BOE per day, an increase of 406% from the comparable period of 2021. Mid-year 2022 Proved Developed [...]

U.S. Energy 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 production base [...]

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 [...]