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USEG Stock - U.S. Energy Corp.

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USEG Profile

U.S. Energy Corp. logo

U.S. Energy Corp. is an independent energy company engaged in the acquisition, exploration, and development of oil and natural gas assets across the continental United States. The company’s operations are concentrated in key resource-rich regions, including the Williston Basin in North Dakota, the Permian Basin in New Mexico, and various locations in Texas. U.S. Energy Corp. focuses on enhancing its portfolio of oil and gas properties through strategic investments and development initiatives.

As of December 31, 2021, U.S. Energy Corp. reported significant assets, including an estimated 1,344,626 barrels of oil equivalent in proved reserves. The company’s operational footprint spans 89,846 gross acres and 5,757 net acres of oil and natural gas leases. It operates 146 gross producing wells, reflecting its active role in extracting and producing hydrocarbons from its diverse portfolio of properties.

The company’s strategy involves leveraging its expertise to optimize the value of its energy assets, focusing on efficient resource extraction and development. U.S. Energy Corp. employs advanced technologies and best practices to enhance production rates and operational efficiency, aiming to maximize shareholder value and contribute to the broader energy sector.

Founded in 1966 and headquartered in Houston, Texas, U.S. Energy Corp. has established a robust presence in the U.S. energy industry. The company’s long-standing history and strategic focus on high-potential oil and gas regions underscore its commitment to growth and operational excellence in the dynamic energy landscape.

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