U.S. Energy Corp. Company News

U.S. Energy has entered into a participation agreement with Crimson to acquire a 30% working interest in an oil prospect and associated leases located in Zavala County, Texas.

"Though still early in the year, we have made real progress on our 2010 drilling plan, both with our core Williston Basin program and in the Gulf Coast," stated CEO of U.S. Energy Corp.

U.S. Energy has elected to participate in two Gulf Coast prospects with PetroQuest, and an initial test well, with Houston, Texas-based, Yuma E&P Company.

U.S. Energy Corp. has announced the initial production rate from its Lee 16-21 No.1H Bakken well and provided an operations update regarding its Williston Basin drilling program.

U.S. Energy Corp. has announced the initial production rate from its Brad Olson 9-16 No.1H Bakken well and provided an overall operations update regarding its various interests in the oil and gas sector.

U.S. Energy Corp. announced that its partner Houston Energy has reached contract depth of 9,300 ft on the third well drilled this year.

U.S. Energy Corp. announced the spudding of its third well under a previously announced Participation Agreement with Houston, Texas-based Houston Energy L.P.

U.S. Energy has entered into a third Participation Agreement with Houston Energy to acquire a 25% working interest in an oil prospect located in southeast Louisiana.

"We are pleased with the results of our first well with Houston Energy," stated Keith G. Larsen, CEO of U.S. Energy Corp. "With better rig rates, U.S. Energy Corp. and its partners plan to continue drilling throughout the remainder of 2009."

U.S. Energy Corp. announced the spudding of its first well under a previously announced Participation Agreement with Houston, Texas based Houston Energy L.P.

U.S. Energy Corp. has engaged Houston Texas-based SMH Capital Inc. to act as a financial advisor in connection with the potential purchase or acquisition of oil and gas assets.

U.S. Energy Corp. has entered into a Lease Purchase and Drilling Agreement with a private, Texas-based oil and gas company to acquire a 25% non-operating working interest in an oil prospect located in east Texas.

U.S. Energy Corp.'s subsidiary Rocky Mountain Gas and Crested Corp. have entered into an Exploration and Participation Agreement covering 38,184 gross and net mineral acres prospective for coalbed methane development.