---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-025194"
form_type: "8-K"
ticker: "USEG"
cik: "0000101594"
company_name: "US ENERGY CORP"
filed_at: "2024-08-07T23:59:59+00:00"
generated_at: "2026-05-31T11:32:35.605497+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# USEG Q2 net loss $2.0M, revenue $6.0M; acquires 140K net acres for helium in Montana

## Summary
- Net loss of $2.0M ($0.08/diluted share) vs. adjusted EBITDA of $1.1M; revenue $6.0M (90% oil).
- Closed acquisition of 140,000 net acres for helium/industrial gas in Montana on June 26; signed LOI for additional 24,000 contiguous acres.
- Post-quarter closed South Texas divestiture for $6.5M; used proceeds to pay down $5M debt, exiting net debt free with $20M liquidity.
- Q2 production averaged 1,221 Boe/d (64% oil); LOE down 18% YoY to $3.1M ($27.69/Boe).
- Mid-year proved reserves 3.5 Mboe (100% PDP, 69% oil) with PV-10 of $50.9M at SEC pricing.

## SEC filing metadata
- accession: 0001437749-24-025194
- form_type: 8-K
- ticker: USEG
- cik: 0000101594
- company_name: US ENERGY CORP
- filed_at: 2024-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/101594/000143774924025194/0001437749-24-025194-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101594/000143774924025194/useg20240513_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-025194
- JSON: https://secwatch.observer/filing/0001437749-24-025194.json
- Plain text: https://secwatch.observer/filing/0001437749-24-025194.txt

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