M&A
confidence low
sentiment neutral
materiality 0.50
USEG subsidiary sells certain Karnes County oil & gas assets to Warwick-Artemis
US ENERGY CORP
- New Horizon Resources LLC (USEG sub) seller; Warwick-Artemis, LLC buyer; deal signed July 9, 2024.
- Assets include oil/gas leases, wells, and facilities in Karnes County, Texas.
- Effective time: April 1, 2024, 7:00 AM CT; closing expected by July 31, 2024.
- Base purchase price not explicitly disclosed in filing; omitted schedules may contain figure.
- Buyer assumes liabilities including plugging, abandonment, and environmental obligations.