U.S. Energy Corp.

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 [...]

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 [...]