- CEO
- Ryan L. Smith
- Full Time Employees
- 20
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- 1616 South Voss Road Houston TX United States 77057
- IPO Date
- Mar 17, 1980
- Business
- U.S. Energy Corp. (NASDAQ: USEG) is an independent energy company focused on the acquisition, exploration, development, and production of industrial gases, oil, and natural gas properties primarily in the continental United States. The company produces and supplies carbon dioxide for enhanced oil recovery, food and beverage carbonation, welding, and sequestration; helium for healthcare applications including MRI scanners, semiconductor manufacturing, aerospace, and technology; and nitrogen for manufacturing, food processing, packaging, agriculture, and chemical production; alongside crude oil and natural gas sold to refineries, utilities, industrial users, and commodity traders. Operations center on key assets in the Kevin Dome structure in Montana for industrial gas processing and carbon capture, utilization, and storage (CCUS), with additional properties in regions such as North Dakota's Williston Basin, Mid-Continent, South Texas, West Texas, and Rockies. Founded in 1966 and headquartered in Houston, Texas, U.S. Energy Corp. targets growth through accretive acquisitions and low-risk development to optimize production and generate free cash flow while reducing its carbon footprint. Recent developments include the June 2024 transformative acquisition of helium production assets from Wavetech for $2.0 million in cash, 4.8 million restricted shares, and warrants, enhancing its helium platform; the April 2025 closing of a $0.2 million strategic acquisition of 2,300 contiguous net acres with CO2 rights and a permitted Class II injection well in Montana's Kevin Dome to bolster CCUS infrastructure and support its upcoming industrial gas processing facility, with plans to submit a Monitoring, Reporting, and Verification plan to the EPA in Q2 2025; and a January 2025 public offering of up to $12.1 million co-managed by D. Boral Capital to fund expansion.