---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-013769"
form_type: "8-K"
ticker: "USEG"
cik: "0000101594"
company_name: "US ENERGY CORP"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T07:43:11.278715+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# U.S. Energy Corp. authorizes $5M share buyback program through June 2024

## Summary
- Board approved up to $5.0M in open-market or negotiated repurchases of common stock.
- Program expires June 30, 2024, unless completed or discontinued earlier.
- CEO Ryan Smith cites belief that assets are undervalued and buyback is tax-efficient capital return.
- Funding from working capital; as of Dec 31, 2022, company had $4.46M cash and 25.0M shares outstanding.
- Repurchased shares will be retired and returned to treasury.

## SEC filing metadata
- accession: 0001493152-23-013769
- form_type: 8-K
- ticker: USEG
- cik: 0000101594
- company_name: US ENERGY CORP
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/101594/000149315223013769/0001493152-23-013769-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101594/000149315223013769/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-013769
- JSON: https://secwatch.observer/filing/0001493152-23-013769.json
- Plain text: https://secwatch.observer/filing/0001493152-23-013769.txt

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