U.S. Energy Corp. Announces Entry Into Binding Agreement For Sale Of East Texas Properties

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 ...