U.S. Energy Corp.

U.S. Energy Development Corporation , an exploration & production firm which provides direct investments in energy, announced today it has entered into a joint venture with Midland-based Atlantic Energy Partners, LLC to develop and operate three horizontal wells within the Permian Basin in Ward County, Texas. This strengthens U.S. Energy's existing position in Ward County where earlier this year, they completed and put [...]

Texas-based firm continues focus on ESG initiatives by reducing flaring U.S. Energy Development Corporation , an exploration & production firm which provides direct investments in energy, announces the completion of the LLM South B, LLM South C, LLM North A, Sola Vaca Norte A , Hideaway Ranch A and Hideaway Ranch E midstream infrastructure development projects located in the Eagle Ford Shale. These projects represent one [...]

U.S. Energy Corp. today announced financial and operating results for the first quarter ended March 31, 2021. Management Comments "U.S. Energy's first quarter performance was strong as we began to successfully integrate and enhance assets that were acquired during late 2020," said Ryan Smith, U.S. Energy's Chief Executive Officer. "Since the beginning of the year, U.S. Energy has increased the value and size of our asset [...]

U.S. Energy Corp. today announced operational results for the year and fourth quarter ended December 31, 2020. In addition, the Company announced its estimated proved reserves as of December 31, 2020. Highlights 4Q2020 production of 25,397 BOE, or average daily production of 276 BOEPD; Full year 2020 production of 79,816 BOE, or average daily production of 218 BOEPD; Proved Reserves of 1,255,236 BOE at December 31, 2020 [...]

Oil and gas direct investment leader acquires additional interests in two projects U.S. Energy Development Corporation , an exploration & production firm which provides direct investments in energy, has announced the acquisition of interests in the Shetland and WarWink oil development projects. Both assets are core Permian projects located in the Delaware Basin close to the Texas and New Mexico state lines. Located in an [...]

U.S. Energy Corp. , today announced the closing of an underwritten public offering of 1,131,600 shares of common stock at a public offering price of $5.10 per share, which included the full exercise of the underwriter's over-allotment option for 147,600 shares of common stock, for gross proceeds to the Company of $5,771,160 before deducting underwriting discounts and other offering expenses. Kingswood Capital Markets [...]

U.S. Energy Corp. , today announced the pricing of an underwritten public offering of 984,000 shares of its common stock at a price of $5.10 per share, for gross proceeds to the Company of $5,018,400, before deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriter a 45-day option to purchase up to an additional 147,600 shares of common stock offered in the public [...]

U.S. Energy Corp. , today announced its intention to offer its shares of common stock in an underwritten public offering. In connection with the offering, the Company expects to grant the underwriters a 45-day option to purchase an additional 15% of the shares of its common stock offered in the public offering on the same terms and conditions. The offering is subject to market and other conditions and there can be no [...]

U.S. Energy Corp. today announced that it has redeemed all of its issued and outstanding Series A Convertible Preferred Stock in exchange for a combination of cash and common stock pursuant to the terms of an Exchange Agreement. Management Comments “Completing the redemption of our outstanding Preferred Stock represents a tremendous milestone in the continued growth of U.S. Energy,” said Ryan Smith, U.S. Energy’s Chief [...]

U.S. Energy Corp. , today announced the full exercise of the over-allotment option granted to the underwriters with respect to 150,000 additional shares of common stock, and closing of the previously announced underwritten public offering of 1,000,000 shares, bringing the total gross proceeds from the offering to $3,450,000 million before deducting underwriting discounts and other offering expenses. The Company intends to [...]