Core Viewpoint - U.S. Energy Corp. successfully closed a public offering of 4,871,400 shares of common stock, raising approximately $12.1 million in net proceeds to fund growth initiatives in industrial gas development [1][2]. Group 1: Offering Details - The public offering price was set at $2.65 per share, which included 635,400 shares sold through the underwriters' over-allotment option [1]. - Roth Capital Partners served as the sole book-running manager, with Johnson Rice & Company and D. Boral Capital acting as co-managers [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards growth capital for the company's industrial gas development project, including the establishment of new industrial gas wells and a processing plant [2]. - Proceeds from the over-allotment option may also be used to purchase shares of common stock from Sage Road Capital, LLC, a related party [2]. Group 3: Regulatory Compliance - The offering was conducted under a shelf registration statement on Form S-3, which was filed with the U.S. Securities and Exchange Commission and became effective on September 15, 2022 [4].

Offering Details - U S Energy Corp closed its underwritten public offering of 4 871 400 shares of common stock at $2 65 per share, including 635 400 shares from the over-allotment option, resulting in total net proceeds of approximately $12 1 million [1] Use of Proceeds - The net proceeds will be used to fund growth capital for the industrial gas development project, including new wells and processing plant equipment, and to support upcoming operations [2] - Proceeds from the over-allotment option may be used to purchase shares of common stock from Sage Road Capital, LLC or its affiliates at the net offering price [2] Offering Management - Roth Capital Partners acted as the sole book-running manager, while Johnson Rice & Company and D Boral Capital served as co-managers for the offering [3] - The Loev Law Firm, PC represented the company, and K&L Gates LLP represented the underwriters [3] Registration and Documentation - The offering was made pursuant to a shelf registration statement on Form S-3, including a base prospectus filed with the SEC, which became effective on September 15, 2022 [4] - The prospectus supplement and accompanying base prospectus are available on the SEC's website and can be obtained by contacting Roth Capital Partners [4] Company Overview - U S Energy Corp is a growth company focused on consolidating high-quality assets in the United States, optimizing production, generating free cash flow, and maintaining attractive shareholder returns [6] - The company is committed to reducing its carbon footprint in its operational areas [6]

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 commissio ...

U.S. Energy Corp. (NASDAQ: USEG ) has been a rather boring stock with mundane oil and gas assets and no strong growth prospects for a microcap company. However, starting this year, the company is making a transition fromI am a Licensed Professional Engineer who works in the Nuclear Power industry. I use my professional working knowledge of the power/energy industries to aid in evaluating potential equities worthy of long-term investment. I invest in income producing equities and rental real estate propertie ...

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 635,4 ...

HOUSTON, Jan. 22, 2025 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQ: USEG, “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 expe ...

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 strateg ...

HOUSTON, Dec. 13, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ: USEG, “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 ...

U.S. Energy Corp. (NASDAQ:USEG) Q3 2024 Earnings Conference Call November 12, 2024 9:00 AM ET Company Participants Mason McGuire - Vice President, Finance Ryan Smith - President & Chief Executive Officer Mark Zajac - Chief Financial Officer Conference Call Participants Jesse Sobelson - D. Boral Capital John Davenport - Johnson Rice Tom Kerr - Zacks Investment Research Operator Good day, and welcome to the U.S. Energy Corporation Third Quarter 2024 Results Conference Call. All participants will be in listen- ...

Exhibit 99.1 U.S. Energy Corp. Reports Financial and Operating Results for Third Quarter 2024 HOUSTON, November 12, 2024 — U.S. Energy Corporation (NASDAQ: USEG, "U.S. Energy" or the "Company"), a growthfocused 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 indust ...