Highest-materiality recent filing
US Energy Corp board reduced to 5; shareholders approve share issuance to Roth
Randall Keys ceased as director May 8 after not being renominated; board size decreased from 6 to 5.
U.S. Energy Corp. Announces Director Departure and Annual Meeting Voting Results
Randall Keys ceased as director effective May 8, 2026, upon term expiration, with no disagreement reported.
USEG Q1 net loss $3.2M; advances Big Sky Carbon Hub with FID and helium offtake
Net loss $3.2M ($0.08/diluted share); revenue $1.6M down 27% YoY; production 34,290 BOE vs 47,008 BOE Q1 2025.
U.S. Energy signs 5-yr helium offtake with investment-grade buyer at $285/MCF, Q1 2027 target
Five-year take-or-pay contract for 100% of helium from Big Sky Carbon Hub, up to 1.2 MMCF/month.
U.S. Energy closes expanded $20M credit facility, suspends ELOC, completes Big Sky Phase 1 funding
Borrowing base under credit agreement expanded from $10M to $20M; interest at ABR + 2.00%.
U.S. Energy Corp. reaches FID to build Big Sky Carbon Hub; targets commercial ops Q1 2027
Facility designed for 8.0 MMcf/d inlet, targeting ~12 MMcf helium and ~125K metric tons CO₂ per year.
U.S. Energy Corp. reports FY2025 net loss of $14.4M; shifts to industrial gas platform
Full year 2025 production 164,752 BOE (68% oil), down 60% YoY due to intentional asset sales.
U.S. Energy Corp. raises ~$8.2M net in underwritten offering of 8.8M shares at $1.00/share
Offering of 8,800,000 common shares at $1.00 per share closed on March 10, 2026.
U.S. Energy Corp sells 6.5M shares for $7.3M in private placement to Roth Principal Investments
Since last 8-K, issued and sold 6,525,843 shares for $7,300,223 total proceeds.
U.S. Energy details integrated helium/CO2 platform; targets FID Q2 2026 and first revenue Q1 2027
$22M invested to date; Big Sky Carbon Hub holds 1.3 BCF helium and 444 BCF CO2 resources.
U.S. Energy issues 2.02M shares to Roth Principal Investments for $2.0M gross proceeds
Issued 2,022,539 shares to Roth Principal Investments since Nov 12, 2025, representing ~5.7% of outstanding shares.
U.S. Energy files updated consents from auditor and reserves engineer for S-1
Weaver & Tidwell consent dated Nov 26, 2025 for incorporation of 2024/2023 audit report into S-1 (No. 333-290807).
U.S. Energy Q3 net loss $3.3M, revenue down 66%; drills two new industrial gas wells
Net loss of $3.3M ($0.10 diluted loss) vs adjusted EBITDA of -$1.3M; prior-year Q3 adjusted EBITDA was +$1.9M.
USEG enters $25M equity line with Roth; 223k commitment shares issued
U.S. Energy Corp. may sell up to $25M of common stock to Roth Principal Investments over 24 months at a 2.5% VWAP discount.
U.S. Energy Corp. amends credit facility: borrowing base cut to $10M, maturity extended to 2029
Borrowing base reduced from $20M to $10M; maturity extended from Jan 2026 to May 31, 2029.
U.S. Energy Q2 net loss $6.1M; advances industrial gas with helium/CO2 resource report
Net loss of $6.1M ($0.19/diluted share); revenue $2.0M, down 67% YoY from $6.1M.
U.S. Energy Corp. annual meeting results: all three management proposals approved
Duane H. King elected Class Three director with 8,337,340 votes for, 235,253 withheld.
U.S. Energy Q1 net loss $3.1M, revenue $2.2M, progressing Kevin Dome helium/CO2 project
Q1 2025 revenue $2.2M vs $5.4M YoY; net loss $3.1M ($0.10 loss per share) vs prior year loss.
Director Joshua Batchelor resigns from U.S. Energy Corp. board; board to reduce to six members
Batchelor resigned April 21, 2025, effective immediately; had decided not to stand for re-election at May 16 annual meeting.
U.S. Energy reports FY2024 net loss $25.8M, production down 34% YoY, pivots to industrial gas
Revenue $20.6M, down 36% YoY; net loss $25.8M ($0.96 diluted EPS) on $11.9M impairment.
U.S. Energy repurchases 635,400 shares from affiliates at $2.47775; extends buyback to June 2026
Repurchased 635,400 shares from entities affiliated with director Joshua Batchelor at $2.47775/share for aggregate ~$1.57M.
U.S. Energy Corp. prices $12.9M underwritten public offering of common stock
Priced public offering of 4,236,000 shares at $2.65/share; total shares including over-allotment 4,871,400.
U.S. Energy acquires 24,000 net acres in Kevin Dome for helium and CO2 production
Deal includes $2M cash, 1.4M restricted shares, and $20M carried working interest for Synergy's retained 20%.
U.S. Energy Corp. completes $6.825M sale of East Texas oil/gas assets to 84 Resources
All-cash proceeds of $6.825M; closed Dec 31, 2024 with effective date Nov 1, 2024; funds Montana industrial gas project.
U.S. Energy Corp. sells East Texas assets for $6.825M cash to fund Montana industrial gas project
All-cash sale of 122 operated wells in Liberty and Henderson Counties for $6.825M; expected close by Dec 31, 2024.
U.S. Energy Q3 net loss $2.2M, turns debt-free; helium drilling begins
Net loss $2.2M ($0.08/share) on revenue $5.0M, down from $8.7M YoY on asset sales.
U.S. Energy regains Nasdaq minimum bid price compliance
Nasdaq notified USEG on Oct 10, 2024, that it regained compliance with the $1.00 minimum bid price rule after 10 consecutive business days above $1.00.
U.S. Energy repays all debt, begins Kevin Dome helium development
Repaid entire outstanding credit facility balance; now debt-free with $20M undrawn borrowing base.
US Energy receives Nasdaq bid-price deficiency notice; abandons Synergy Montana acquisition
On Sept 17, 2024, Nasdaq notified US Energy of non-compliance with $1.00 minimum bid price rule based on 30 consecutive trading days.
CEO Ryan Smith enters new employment agreement through January 2027; base salary $335,475
Annual base salary $335,475; target cash bonus of 100% of base salary (no guarantee).
USEG Q2 net loss $2.0M, revenue $6.0M; acquires 140K net acres for helium in Montana
Net loss of $2.0M ($0.08/diluted share) vs. adjusted EBITDA of $1.1M; revenue $6.0M (90% oil).
U.S. Energy Corp. closes South Texas asset sale for $6.5M cash
Sale of South Texas assets closed July 31, effective April 1, 2024, for $6.5M cash.
U.S. Energy files investor presentation for July 17 call on recent acquisition and Synergy LOI
Conference call on July 17 at 10 a.m. ET discusses completion of prior acquisition and Synergy Offshore LOI.
USEG subsidiary sells certain Karnes County oil & gas assets to Warwick-Artemis
New Horizon Resources LLC (USEG sub) seller; Warwick-Artemis, LLC buyer; deal signed July 9, 2024.
U.S. Energy Corp. agrees to sell South Texas assets for ~$6.5 million in cash
Subsidiary New Horizon Resources entered Purchase Agreement with Warwick-Artemis, LLC for $6 million purchase price, subject to customary adjustments.
Acquired 82.5% of Wavetech's farmout rights on Kevin Dome, Montana for $2M cash + 2.6M restricted shares.
U.S. Energy Corp. reports 2024 annual meeting voting results; all proposals pass
James W. Denny III elected with 11,658,987 votes for, 571,067 withheld; broker non-votes 7,297,058.
U.S. Energy Corp reports Q1 net loss of $9.5M; revenue down 35% YoY
Net loss of $9.5M ($0.38/diluted share) vs net loss of $1.3M a year ago; includes $5.4M non-cash impairment.
Effective May 8, 2026, Randall Keys ceased to serve as a member of the Board of Directors (the “Board”) of U.S. Energy Corp. (the “Company”) upon the expiration of his term
Effective May 8, 2026, Randall Keys ceased to serve as a member of the Board of Directors (the “Board”) of U.S. Energy Corp. (the “Company”) upon the expiration of his term
Subsequently on April 21, 2025, Mr. Batchelor resigned from the Board, effective immediately as of such date.
Max materiality 0.85 · Median 0.65 · Most common event other_material