U.S. Energy Corp. sells East Texas assets for $6.825M cash to fund Montana industrial gas project

US ENERGY CORP

All-cash sale of 122 operated wells in Liberty and Henderson Counties for $6.825M; expected close by Dec 31, 2024.
Assets produced ~1.1 MMcf/d gas + 168 bbl/d oil; net cash flow ~$136k/month in Q3 2024.
Proceeds targeted for development of Company's industrial gas project in Montana.
Management says transaction streamlines operations and delivers cost savings by exiting non-core region.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.