U.S. Energy

US Energy Corp. engages in the acquisition and development of oil and natural gas properties. It operates in Rockis, Mid Con, South Texas, and West Texas. The company was founded on January 26, 1966 and is headquartered in Houston, TX.

Earnings data Q4 2020

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U.S. Energy Corp. reports steady production amidst weather challenges

U.S. Energy Corp. navigated challenges from severe weather to maintain steady production levels.
Efficient cost control measures and focus on value-added projects demonstrate operational resilience.
Financially, the company reported a net loss but maintained a strong balance sheet.
Future opportunities lie in optimizing production, cost management, and strategic decision-making.

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HOUSTON, Oct. 05, 2021 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQCM: USEG) (“U.S. Energy” or the “Company”) today announced that it has entered into definitive purchase and sale agreements to purchase certain oil and gas assets (the “Acquired Assets”) from Lubbock Energy Partners LLC, Synergy Offshore LLC, and certain entities controlled by Sage Road Capital, LLC (collectively, the “Sellers”). Under the terms of the agreements, U.S. Energy will issue 19,905,736 shares of common stock, pay $1.25 million of cash, and assume $3.3 million of indebtedness from the Sellers, equating to a total consideration of $99.5 million using U.S. Energy's closing stock price on October 1, 2021 (the “Consideration” and the “Transactions”). Upon completion of the Transactions, the Sellers will own approximately 80.8% and existing U.S. Energy shareholders will own approximately 19.2% of the Company's outstanding common stock.

U.S. Energy Corp. Announces Entry Into Definitive Agreements In Connection With Transformative Acquisitions

HOUSTON, Feb. 17, 2021 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (Nasdaq: USEG) (the "Company"), 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.

U.S. Energy Corp. Announces Closing of $5.77 Million Underwritten Public Offering of Common Stock

HOUSTON, Feb. 11, 2021 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (Nasdaq: USEG) (the "Company"), 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.

U.S. Energy Corp. Announces Pricing of $5.0 Million Underwritten Public Offering of Common Stock

HOUSTON, Feb. 11, 2021 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (Nasdaq: USEG) (the "Company"), 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 assurances as to whether or when the offering may be completed or as to the actual size or terms of the offering.

U.S. Energy Corp. Announces Proposed Public Offering of Common Stock

HOUSTON, Jan. 07, 2021 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQCM: USEG) (“We”, “U.S. Energy” or the “Company”) today announced that it has redeemed all of its issued and outstanding Series A Convertible Preferred Stock (“Preferred Stock”) in exchange for a combination of cash and common stock pursuant to the terms of an Exchange Agreement.

U.S. Energy Corp. Announces Redemption of All Outstanding Series A Convertible Preferred Stock

HOUSTON, Nov. 16, 2020 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (Nasdaq: USEG) (the "Company"), 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 use the net proceeds from this offering to fund potential future acquisitions of oil and gas properties, capital expenditures, working capital, and general corporate purposes.

U.S. Energy Corp. Announces a Full Exercise of the Over-Allotment Option and Closing of $3.45 million Underwritten Offering

HOUSTON, Nov. 12, 2020 (GLOBE NEWSWIRE) --  U.S. Energy Corp. (Nasdaq: USEG) (the "Company"), today announced the pricing of an underwritten public offering of 1,000,000 shares of its common stock at a price of $3.00 per share, for gross proceeds to the Company of $3,000,000, before deducting underwriting discounts and other offering expenses. The Company intends to use the net proceeds from this offering for general corporate purposes, capital expenditures, working capital, and potential acquisitions of oil and gas properties.

U.S. Energy Corp. Announces Pricing of $3.0 Million Underwritten Public Offering of Common Stock

HOUSTON, Nov. 09, 2020 (GLOBE NEWSWIRE) -- U.S. Energy Corp . ( NASDAQCM : USEG ) (“U.S. Energy” or the “Company”) today announced that the Company (through a wholly-owned subsidiary) has entered into a Purchase and Sale Agreement (the “Transaction”) to acquire operated producing assets (the “Properties”) located in Liberty County, Texas in an all-stock transaction.

U.S. Energy Corp. Announces Agreement to Acquire East Texas Assets

HOUSTON, Sept. 30, 2020 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (Nasdaq: USEG) (the "Company"), today announced that it has entered into definitive agreements with institutional and accredited investors for the purchase and sale of 315,810 shares of the Company’s common stock, at a purchase price of $5.25 per share, in a registered direct offering priced above the market under Nasdaq rules. The closing of the offering is expected to occur on or about October 2, 2020, subject to the satisfaction of customary closing conditions.

U.S. Energy Corp. Announces $1.65 Million Registered Direct Offering

Independent oil and gas producer U.S. Energy Corp. (NASDAQ: USEG) announced Tuesday morning that it has agreed to and closed an acquisition of the operated and non-operated producing assets of FieldPoint Petroleum for $500,000 in cash.

US Energy Buys Oil and Gas Assets Out of Bankruptcy

HOUSTON, Sept.  29, 2020  (GLOBE NEWSWIRE) -- U.S. Energy Corp . ( NASDAQCM :  USEG ) (“U.S. Energy” or the “Company”) today announced that the Company has entered into an Asset Purchase Agreement and closed a transaction (the “Transaction”) to acquire operated and non-operated producing assets (the “Properties”) primarily located in Lea County, New Mexico and Converse County, Wyoming. The acquired Properties consist of select upstream assets of FieldPoint Petroleum Corporation (“FieldPoint”) and were acquired pursuant to Fieldpoint’s Chapter 7 bankruptcy process.

U.S. Energy Corp. Announces Asset Acquisition

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HOUSTON, March  05, 2020  (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQCM: USEG) (“U.S. Energy” or the “Company”) today announced that the Company has entered into a Membership Interest Purchase Agreement and closed a transaction to acquire New Horizon Resources, LLC (“New Horizon”), whose assets include acreage and operated producing properties in North Dakota (the “Properties”). The consideration paid at closing consisted of 59,498 shares of common stock of the Company and $150,000 in cash (the “Acquisition”). The effective date of the Acquisition is March 1, 2020.

U.S. Energy Corp. Announces Transaction to Acquire New Horizon Resources, LLC

HOUSTON, Feb.  20, 2020  (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQCM: USEG) (“U.S. Energy” or the “Company”) today announced preliminary 2019 full year and fourth quarter operating results and its 2019 year end proved reserves.

U.S. Energy Corp. Provides Preliminary Fourth Quarter and Full Year 2019 Production Results and 2019 Year End Proved Reserves

HOUSTON, Jan.  03, 2020  (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQCM: USEG) (“We” “U.S. Energy” or the “Company”) announced today that, following approval of the 1-for-10 reverse stock split by U.S. Energy shareholders at the 2019 Annual Shareholders’ Meeting held on December 10, 2019, U.S. Energy’s Board of Directors determined to effect the reverse stock split of U.S. Energy’s common stock. The applicable Articles of Amendment to the Company’s Restated Articles of Incorporation were filed with and accepted by the Wyoming Secretary of State on December 31, 2019.

U.S. Energy Corp. Announces 1-for-10 Reverse Stock Split

HOUSTON, Dec.  12, 2019  (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQCM: USEG) (“We” “U.S. Energy” or the “Company”) today announced that it has completed its 2019 annual meeting of shareholders (“annual meeting”). Upon completion of the annual meeting, the Company is pleased to announce the election of a new Board of Directors and the appointment of a new Chief Executive Officer.  

U.S. Energy Corp. Announces Completion of 2019 Annual Meeting of Shareholders, Election of New Board of Directors and Appointment of New Chief Executive Officer

HOUSTON, Oct.  15, 2019  (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQCM: USEG) (“we” “U.S. Energy” or the “Company”) today announced financial and operating results for the first and second quarters ended March 31, 2019 and June 30, 2019, respectively. 

U.S. Energy Corp. Announces First and Second Quarter 2019 Financial and Operating Results

DENVER, Aug.  21, 2019  (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQCM: USEG) (“U.S. Energy” or the “Company”) today announced that the NASDAQ Stock Market LLC (“NASDAQ”) notified the Company on August 16, 2019 that it is not in compliance with NASDAQ Listing Rule 5250(c)(1) for continued listing due to the delay in filing its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2019. Previously, NASDAQ had granted the Company an exception until September 16, 2019 to file its delinquent Annual Report on Form 10-K for the year ended December 31, 2018 and until October 14, 2019 to file its delinquent Quarterly Reports on Form 10-Q for the periods ended March 31, 2019 and June 30, 2019, subject to the Company submitting to NASDAQ the Company’s plan to regain compliance with NASDAQ’s filing requirements.

U.S. Energy Corp. Receives NASDAQ Notice Regarding Non-Compliance with Continued Listing Standards

News for U.S. Energy Stock (USEG)