USEG - Dividend announcements

HOUSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ:USEG, "U.S. Energy" or the "Company")), a growth-focused energy company engaged in the development and operation of high-quality producing energy and industrial gas assets, today reported financial and operating results for the three months ended September 30, 2024. THIRD QUARTER 2024 HIGHLIGHTS Initiated drilling operations on U.S. Energy's first industrial gas well, with independent laboratory analysis confirming high-quality helium concentrations of up to 1.5% in non-hydrocarbon-based gas streams.Closed divestiture of South Texas properties for $6.5 million in July 2024.Closed divestiture of Kansas prop

HOUSTON, Aug. 07, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ:USEG, "U.S. Energy" or the "Company"))), a growth-focused energy company engaged in operating a portfolio of high-quality producing assets, today reported financial and operating results for the three months ended June 30, 2024. SECOND QUARTER 2024 HIGHLIGHTS Closed transaction on June 26, 2024, consisting of 140,000 net acres of helium and industrial gas targeted development in Montana;Signed letter of intent for the acquisition of an additional 24,000 net acres of helium and industrial gas targeted development in Montana on June 25, 2024, with both acreage positions being highly contiguous;2024 Mid-year oil

HOUSTON, May 09, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ:USEG, "U.S. Energy" or the "Company"))), 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, 2024.  FIRST QUARTER 2024 HIGHLIGHTS Net daily production of 1,207 barrels of oil equivalent per day ("Boe/d");Oil production of 68,599 barrels, or 62% of total production;Lease Operating Expense of $3.2 million, or $29.02 per Boe, a 28% and 2% decrease, respectively, from first quarter of 2023;Adjusted EBITDA of $0.2 million;Repurchased approximately 0.3 million shares of co

HOUSTON, March 21, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQ:USEG, "U.S. Energy" or the "Company"))), a growth-focused energy company engaged in operating a portfolio of high-quality producing assets, today announced that its Board of Directors has authorized the extension of the previously announced 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 Securities Exchange Act of 1934. The repurchase program was originally approved in April 2023, and was to expire on June 30, 2024, which expiration

HOUSTON, Nov. 13, 2023 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ:USEG, "U.S. Energy" or the "Company"))), 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 September 30, 2023. THIRD QUARTER 2023 HIGHLIGHTS Net daily production of 1,652 barrels of oil equivalent per day ("Boe/d"), a 6% decrease over third quarter of 2022Oil production of 100,071 barrels, or 66% of total productionLease Operating Expense of $4.0 million, or $26.31 per Boe, a 23% and 19% decrease, respectively, from third quarter of 2022Adjusted EBITDA of $1.6 million durin

HOUSTON, May 08, 2023 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQCM: USEG) ("U.S. Energy" or the "Company") 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 execute on a leading capital returns program to shareholders.  More information about U.S. Energy Corp. can be found at www.usnrg.com. Corporate Contact: Ryan SmithChief Execut

HOUSTON, April 27, 2023 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQ:USEG, "U.S. Energy" or the "Company"))), 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 Securities Exchange Act of 1934. The Company's decision to repurchase its shares, as well as the timing of such repurchases, will depend on a variety of factors, including the ongoing asse

HOUSTON, Jan. 31, 2023 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQCM: USEG) ("U.S. Energy" or the "Company") 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 February 23, 2023 to stockholders of record as of the close of business on February 10, 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 execute on a leading capital returns program to shareholders. More information about U.S. Energy Corp. can be found at www.usnrg.com. Corporate Contact: Ryan SmithCh

HOUSTON, Oct. 27, 2022 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQCM: USEG) ("U.S. Energy" or the "Company") 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 allow us to execute on a leading capital returns program to shareholders. More information about U.S. Energy Corp. can be found at www.usnrg.com. Corporate Contact: Ryan SmithChi

HOUSTON, Aug. 11, 2022 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQCM: USEG) ("We", "U.S. Energy" or the "Company") today 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 ("BOE"), or daily production of 1,783 BOE per day ("BOEPD"), an increase of 406% from the comparable period of 2021. Mid-year 2022 Proved Developed Producing ("PDP") reserves of 8.0 Mmboe (66% oil).1Mid-year 2022 PDP present value of estimated future net revenues before income taxes, discounted at 1

HOUSTON, July 18, 2022 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQCM: USEG) ("U.S. Energy" or the "Company") 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 August 22, 2022 to stockholders of record as of the close of business on August 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 allow us to execute on a leading capital returns program to shareholders. More information about U.S. Energy Corp. can be found at www.usnrg.com. Corporate Contact: U.S. Ener

HOUSTON, June 30, 2022 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQCM: USEG) ("U.S. Energy" or the "Company") today announced that the Company has entered into an agreement (the "Agreement") to acquire operated oil and gas producing properties in an all-cash transaction (the "Transaction"). The Properties (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 $22.7 million Proved Developed Producing PV-10 ("PV-10") as of June 1, 2022 with estimated reser

HOUSTON, May 12, 2022 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQCM: USEG) ("We", "U.S. Energy" or the "Company") today 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 barrels of oil equivalent ("BOE"), or daily production of 1,341 BOE per day ("BOEPD"), an increase of 366% from the comparable period of 2021. Adjusted EBITDA1 of $4.1 million.Closed transformational and highly accretive acquisition of operated, oil-weighted assets from multiple parties on January 5, 2022.Advance

HOUSTON, March 28, 2022 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQCM: USEG) ("U.S. Energy" or the "Company") 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 closed subsequent to year-end on January 5, 2022;Full year 2021 production of 123,165 barrel of oil equivalent ("BOE"), or average daily production of 337 BOEPD, an increase of 55