---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-022413"
form_type: "8-K"
ticker: "USEG"
cik: "0000101594"
company_name: "US ENERGY CORP"
filed_at: "2024-07-09T23:59:59+00:00"
generated_at: "2026-05-31T22:28:28.897897+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# U.S. Energy Corp. agrees to sell South Texas assets for ~$6.5 million in cash

## Summary
- Subsidiary New Horizon Resources entered Purchase Agreement with Warwick-Artemis, LLC for $6 million purchase price, subject to customary adjustments.
- All-cash proceeds of approximately $6.5 million will fund development of recently announced helium assets and repay outstanding debt.
- Divested assets averaged 155 boe per day (85% oil) in Q1 2024, representing 13% of U.S. Energy's total production.
- Transaction has an effective date of April 1, 2024, and is expected to close by July 31, 2024, with a $600,000 deposit paid by buyer.
- Due to Hurricane Beryl, investor conference call rescheduled from July 10 to July 17, 2024.

## SEC filing metadata
- accession: 0001437749-24-022413
- form_type: 8-K
- ticker: USEG
- cik: 0000101594
- company_name: US ENERGY CORP
- filed_at: 2024-07-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/101594/000143774924022413/0001437749-24-022413-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101594/000143774924022413/useg20240708_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-022413
- JSON: https://secwatch.observer/filing/0001437749-24-022413.json
- Plain text: https://secwatch.observer/filing/0001437749-24-022413.txt

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