---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-029938"
form_type: "8-K"
ticker: "USEG"
cik: "0000101594"
company_name: "US ENERGY CORP"
filed_at: "2024-09-25T23:59:59+00:00"
generated_at: "2026-05-31T01:45:01.689128+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# U.S. Energy repays all debt, begins Kevin Dome helium development

## Summary
- Repaid entire outstanding credit facility balance; now debt-free with $20M undrawn borrowing base.
- Commenced initial development program at Kevin Dome in Montana targeting helium and industrial gases.
- Third-party resource report shows mid-point 23.7 BCF contingent helium resource; 13.3 BCF prospective.
- Legacy proved reserves of 3.5 Mmboe (62% oil) with PV-10 of $50.9M (mid-2024 SEC prices).
- Repurchased 799,500 shares (~3% of outstanding) at $0.9M; $22M available liquidity.

## SEC filing metadata
- accession: 0001437749-24-029938
- form_type: 8-K
- ticker: USEG
- cik: 0000101594
- company_name: US ENERGY CORP
- filed_at: 2024-09-25T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/101594/000143774924029938/0001437749-24-029938-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101594/000143774924029938/useg20240924_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-029938
- JSON: https://secwatch.observer/filing/0001437749-24-029938.json
- Plain text: https://secwatch.observer/filing/0001437749-24-029938.txt

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