secwatch.observer — SEC 8-K summary
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Issuer:     US ENERGY CORP (USEG)
CIK:        0000101594
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001493152-23-005577
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101594/000149315223005577/0001493152-23-005577-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101594/000149315223005577/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-005577

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