---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-021711"
form_type: "8-K"
ticker: "USEG"
cik: "0000101594"
company_name: "US ENERGY CORP"
filed_at: "2024-07-01T23:59:59+00:00"
generated_at: "2026-05-31T23:53:13.376931+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# U.S. Energy acquires helium rights in Montana, signs LOI for larger adjacent acreage from related party

## Summary
- Acquired 82.5% of Wavetech's farmout rights on Kevin Dome, Montana for $2M cash + 2.6M restricted shares.
- Non-binding LOI to buy 24,000 net acres from Synergy Offshore (related party) for $2M cash + 4.85M shares + 6.25M warrants + $12.5M carry.
- Synergy acquisition target close Sep 30, 2024, subject to definitive agreements and shareholder approval.
- Both properties contiguous on Kevin Dome; focus on helium. Duane King (USEG director) and Chairman Weinzierl control Synergy.
- Wavetech retains 17.5% carried interest; Synergy retains 12.5% working interest under the LOI terms.

## SEC filing metadata
- accession: 0001437749-24-021711
- form_type: 8-K
- ticker: USEG
- cik: 0000101594
- company_name: US ENERGY CORP
- filed_at: 2024-07-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/101594/000143774924021711/0001437749-24-021711-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101594/000143774924021711/useg20240701_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-021711
- JSON: https://secwatch.observer/filing/0001437749-24-021711.json
- Plain text: https://secwatch.observer/filing/0001437749-24-021711.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.