---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-005577"
form_type: "8-K"
ticker: "USEG"
cik: "0000101594"
company_name: "US ENERGY CORP"
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T06:14:32.241266+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# U.S. Energy reports 24% increase in year-end 2022 proved producing reserves to 7.8 MMBoe

## Summary
- PDP reserves rose 24% to 7.8 MMBoe (65% crude oil) from 6.3 MMBoe at year-end 2021.
- Q4 2022 average production 1,918 Boe/d, up 453% YoY and 9% QoQ.
- Two acquisitions added ~1.6 MMBoe of PDP reserves since year-end 2021.
- PV-10 of PDP reserves was $173.1M at SEC pricing ($90.67/bbl oil, $5.71/Mcf gas).
- Year-end 2022 debt $12.0M, cash $4.1M, total liquidity $12.1M.

## SEC filing metadata
- accession: 0001493152-23-005577
- form_type: 8-K
- ticker: USEG
- cik: 0000101594
- company_name: US ENERGY CORP
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/101594/000149315223005577/0001493152-23-005577-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101594/000149315223005577/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-005577
- JSON: https://secwatch.observer/filing/0001493152-23-005577.json
- Plain text: https://secwatch.observer/filing/0001493152-23-005577.txt

## Key facts
- Earnings Releases
  US ENERGY CORP reported preliminary financial results for fourth quarter 2022.
  - Period: fourth quarter 2022
  - Result: preliminary results
  source text: Grew fourth quarter 2022 average daily production to 1,918 barrels of oil equivalent per day (“Boe/d”), representing a 453% increase over fourth quarter 2021 and a 9% increase over third quarter 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/101594/000149315223005577/0001493152-23-005577-index.htm

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