U.S. Energy Corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the United States. It holds interests in various oil and gas properties in the Williston Basin in North Dakota, the Permian Basin in New Mexico, the Powder River Basin in Wyoming, and in the Gulf Coast of Texas. As of December 31, 2020, the company had an estimated proved reserves of 1,255,236 barrel of oil equivalent; and 134 gross producing wells. U.S. Energy Corp. was founded in 1966 and is based in Houston, Texas.
IPO Year:
Exchange: NASDAQ
Website: usnrg.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/26/2022 | $3.75 | Accumulate | Johnson Rice |
| 1/28/2022 | $5.00 | Buy | EF Hutton |
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Johnson Rice initiated coverage of U.S. Energy with a rating of Accumulate and set a new price target of $3.75
EF Hutton initiated coverage of US Energy with a rating of Buy and set a new price target of $5.00
HOUSTON, June 05, 2023 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQCM: USEG) ("U.S. Energy" or the "Company") today announced that Mark Zajac has been appointed Chief Financial Officer ("CFO"), 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 financial leader with deep experience in both the overall energy sector and in public accounting will serve us well as we continue working towards executing the Company's str
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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, Nov. 05, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ:USEG, "U.S. Energy" or the "Company")), a growth-focused company engaged in the development and operation of high-quality producing energy and industrial gas assets, announced that it will issue third quarter 2024 results before the market opens on Tuesday, November 12, 2024. A conference call will be held Tuesday, November 12, 2024, at 9:00 a.m. ET/8:00 a.m. CT to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call will be available in the Investor Relations section of the Company's website at www.usnrg.com. To listen to a l
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, Aug. 05, 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 announced that it will issue second quarter 2024 results after the market closes on Wednesday, August 7, 2024. A conference call will be held Thursday, August 8, 2024, at 11:30 a.m. ET/10:30 a.m. CT to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call will be available in the Investor Relations section of the Company's website at www.usnrg.com. To listen to a live broadcast, go to
HOUSTON, July 09, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ:USEG, "U.S. Energy" or the "Company"))) today announced that the Company has executed definitive documents (the "Transaction") for the sale of assets located in South Texas (the "South Texas Assets"). The Transaction is subject to customary conditions to closing and the Transaction may not close on a timely basis, or at all. HIGHLIGHTS All cash proceeds of approximately $6.5 million.Proceeds are expected to be used to fund development of U.S. Energy's recently announced acquisition targeting helium assets ("Recent Acquisition") and repay outstanding debt.Divested assets averaged approximately 155 barrels of oil eq
HOUSTON, July 01, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ:USEG, "U.S. Energy" or the "Company"))) today announced that the Company has closed a transaction (the "Agreement") with Wavetech Helium Inc ("Wavetech" or "WT") for the acquisition of operated acreage targeting helium production across the Kevin Dome structure in Toole County, Montana (the "WT Asset"). Additionally, the Company has executed a non-binding letter of intent (the "LOI") with Synergy Offshore, LLC ("Synergy" or "SOG") to acquire offsetting operated acreage (the "SOG Asset"), forming a largely contiguous acreage position across the Kevin Dome of approximately 164,000 net acres, as discussed in greater de
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, May 07, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQ:USEG, or the "Company"))), 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 first quarter 2024 results after the market closes on Thursday, May 9, 2024. A conference call will be held Friday, May 10, 2024, at 9:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call will be available in the Investor Relations section of the Company's website at www.usnrg.com. To listen to a live broadcast, go to the site at least 15 minutes
HOUSTON, March 26, 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 and twelve months ended December 31, 2023. FULL YEAR 2023 HIGHLIGHTS Total daily production in 2023 averaged 1,711 Boe/d; oil production averaged 1,073 Bbl/d.Revenue totaled $32.3 million with oil sales of $28.4 million and natural gas and liquids sales of $4.0 million.Lease operating expense of $15.3 million, or $24.43 per Boe, a 8% and 9% decrease, respectively, from 2022.Oil and gas re
HOUSTON, March 21, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQ:USEG, or the "Company"))), 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 fourth quarter and year end 2023 results after the market closes on Tuesday, March 26, 2024. A conference call will be held Wednesday, March 27, 2024, at 9:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call will be available in the Investor Relations section of the Company's website at www.usnrg.com. To listen to a live broadcast, go to t
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MIAMI, Feb. 19, 2025 (GLOBE NEWSWIRE) -- EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 79th Emerging Growth Conference on February 18 & 19, 2025. The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth. Register for the Conference here. Submit Questions for any of the presenting companies to: [email protected] For updates, follow us on Twitter Day 2 - TodayFebruary 19, 2025 Replay Day 1 here:https://emerginggrowt
MIAMI, Feb. 18, 2025 (GLOBE NEWSWIRE) -- EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 79th Emerging Growth Conference on February 18 & 19, 2025. The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth. Register for the Conference here. Submit Questions for any of the presenting companies to: [email protected] For updates, follow us on Twitter Day 1February 18, 2025 9:30Virtual Lobby opens.Register for the Conference. If you already registered, go back to the
HOUSTON, Feb. 17, 2025 (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, announced today that it will be presenting at the Emerging Growth Conference on February 18, 2025. U.S. Energy invites individual and institutional investors as well as advisors and analysts to attend its interactive presentation at the Emerging Growth Conference. This live, interactive online event will give existing shareholders and the investment community the opportunity to interact with the Company's President and CEO, Ryan Smith. Ryan will deliver a company overview and will subs
HOUSTON, Jan. 29, 2025 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQ:USEG, "U.S. Energy" or the "Company"), "U.S. Energy" or the "Company") 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, as amended. The repurchase program was originally approved in April 2023 and extended in March 2024, and was to expire on June 30, 2025. The expiration date has now been extended until
HOUSTON, Jan. 27, 2025 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQ:USEG, "U.S. Energy" or the "Company")) announced today the closing of its previously announced underwritten public offering of 4,871,400 shares of its common stock, which includes 635,400 shares sold pursuant to the exercise in full by the underwriters of their over-allotment option, par value $0.01 per share, at a public offering price of $2.65 per share, for total net proceeds, after underwriting commissions, of approximately $12.1 million. U.S. Energy plans to use the net proceeds of the offering to fund growth capital for its industrial gas development project, including new industrial gas wells and processing plant
HOUSTON, Jan. 23, 2025 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQ:USEG, "U.S. Energy" or the "Company"), "U.S. Energy" or the "Company") announced today the closing of its previously announced underwritten public offering of 4,871,400 shares of its common stock, which includes 635,400 shares sold pursuant to the exercise in full by the underwriters of their over-allotment option, par value $0.01 per share, at a public offering price of $2.65 per share, for total net proceeds, after underwriting commissions, of approximately $12.1 million. U.S. Energy plans to use the net proceeds of the offering to fund growth capital for its industrial gas development project, including new industrial
HOUSTON, Jan. 22, 2025 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQ:USEG, "U.S. Energy" or the "Company"), "U.S. Energy" or the "Company") today announced the pricing of its underwritten public offering of 4,236,000 shares of its common stock, par value $0.01 per share ("Class A common stock"), at a public offering price of $2.65 per share, for total net proceeds, after underwriting commissions, of approximately $10.5 million. Additionally, the Company has granted the underwriters an overallotment of 635,400 shares. The offering is expected to close on January 23, 2025, subject to customary closing conditions. U.S. Energy plans to use the net proceeds of the offering to fund growth ca
HOUSTON, Jan. 10, 2025 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ:USEG, "U.S. Energy" or the "Company"), "U.S. Energy" or the "Company") today announced that the Company has closed a transaction (the "Agreement") with Synergy Offshore, LLC ("Synergy" or "SOG") for the acquisition of operated acreage targeting helium and other industrial gas production across the Kevin Dome structure in Toole County, Montana (the "SOG Asset"). HIGHLIGHTS The SOG Asset includes: Approximately 24,000 net acres strategically positioned across the core of the Kevin Dome.Multiple prospective industrial gas pay zones, primarily composed of carbon dioxide (CO2) and nitrogen heavy formations en
HOUSTON, Dec. 31, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQ:USEG, "U.S. Energy" or the "Company"), "U.S. Energy" or the "Company") today announced that the Company has closed the sale (the "Transaction") of assets located in East Texas (the "East Texas Assets"). The Transaction was previously announced on December 12, 2024. HIGHLIGHTS All cash proceeds of $6,825,000.Proceeds are expected to be used to fund the continued development of U.S. Energy's industrial gas project in Montana.Divested assets averaged approximately 1.0 million cubic feet per day of natural gas and 149 barrels of oil per day for the quarter ending September 30, 2024.The transaction closed on December 31, 202
HOUSTON, Dec. 13, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ:USEG, "U.S. Energy" or the "Company"), "U.S. Energy" or the "Company") today announced that the Company has executed definitive documents for the sale of certain assets located in East Texas (the "East Texas Assets" and the "Transaction"). The Transaction is subject to customary closing conditions and the Transaction is expected to close on or before December 31, 2024. HIGHLIGHTS All cash proceeds of $6,825,000.Proceeds are expected to be used to fund the continued development of U.S. Energy's industrial gas project in Montana.Divested assets averaged approximately 1.1 million cubic feet per day of nat