US Energy Corp
NASDAQ:USEG
US Energy Corp
US Energy Corp. engages in the acquisition and development of oil and natural gas properties. The company is headquartered in Houston, Texas and currently employs 23 full-time employees. The firm owns a portfolio of oil-weighted assets located across the Rockies, West Texas, Eagle Ford, and Mid-Continent. The company participates in oil and natural gas projects as both a non-operating working interest owner through exploration and development agreements with various oil and natural gas exploration and production companies and as an operator. The company is also pursuing acquisitions of exploration, development and production-stage oil and gas properties or companies. The company owns working interests in a geographically and geologically diverse portfolio of oil-weighted prospects in varying stages of exploration and development. The Company’s proved reserves consists of approximately 1,344,626 barrel of oil equivalent (BOE). Its oil and natural gas leases cover over 89,846 gross acres and 5,757 net acres.
US Energy Corp. engages in the acquisition and development of oil and natural gas properties. The company is headquartered in Houston, Texas and currently employs 23 full-time employees. The firm owns a portfolio of oil-weighted assets located across the Rockies, West Texas, Eagle Ford, and Mid-Continent. The company participates in oil and natural gas projects as both a non-operating working interest owner through exploration and development agreements with various oil and natural gas exploration and production companies and as an operator. The company is also pursuing acquisitions of exploration, development and production-stage oil and gas properties or companies. The company owns working interests in a geographically and geologically diverse portfolio of oil-weighted prospects in varying stages of exploration and development. The Company’s proved reserves consists of approximately 1,344,626 barrel of oil equivalent (BOE). Its oil and natural gas leases cover over 89,846 gross acres and 5,757 net acres.
Revenue Drop: Revenue fell to about $2 million in Q2 2025 from $6 million a year ago due to legacy asset divestitures.
Industrial Gas Progress: Successfully completed the initial development phase at the Montana project, drilling new wells and confirming large CO2 and helium resources.
Resource Validation: Independent assessment confirmed net contingent resources of 444 billion cubic feet of CO2 and 1.3 billion cubic feet of helium, among the largest known deposits of its kind.
No Debt: Ended the quarter with over $6.7 million in cash and no debt on its $20 million credit facility, reflecting strong balance sheet health.
Processing Plant Update: Processing facility construction to begin in September, with expected costs under $10 million, potentially lower due to design optimizations.
Carbon Management: Achieved strong results in CO2 injection testing and expects to access federal carbon credits, aiming for EPA approval by spring 2026.
Cost Discipline: SG&A to trend lower after elevated business development costs in Montana over recent quarters.
2026 Outlook: Management is positioning 2026 as a breakout year as the Montana industrial gas project comes online.
