U.S. ENERGY CORP. (NASDAQ:USEG) Files An 8-K Other Events
Item 8.01. Other Events.
On September 16, 2019, U.S. Energy Corp. (the “Company”) filed its Annual Report on Form 10-K for the year ended December 31, 2018 (the “Annual Report”) with the U.S. Securities and Exchange Commission. As noted in the Annual Report, the Company’s reserve estimates as of December 31, 2018 are based on a reserve report prepared by Jane E. Trusty, PE. Ms. Trusty is an independent petroleum engineer and a State of Texas Licensed Professional Engineer (License #60812). A copy of Ms. Trusty’s report, which is referenced in the Annual Report, is filed as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
|99.1||Reserve Report (Jane E. Trusty, PE)|
US ENERGY CORP Exhibit
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About U.S. ENERGY CORP. (NASDAQ:USEG)
U.S. Energy Corp. (U.S. Energy) is an independent energy company focused on the acquisition and development of oil and gas producing properties in the continental United States. The Company’s business activities are focused on South Texas and the Williston Basin in North Dakota. The Company operates through Oil and Gas segment. The Company participates in oil and gas projects primarily as a non-operating working interest owner through exploration and development agreements with various oil and gas exploration and production companies. The Company is also pursuing acquisitions of exploration, development and production-stage oil and gas properties or companies. The Company holds a geographically and geologically diverse portfolio of oil-weighted prospects in varying-stages of exploration and development. The Company engages in the prospect stages either for its own account or with prospective partners to enlarge its oil and gas lease ownership base.