U.S. Energy Corp. Announces Recent Well Results

On Thursday, December 6th, the U.S. Energy Corp. announced initial production results from its recently announced horizontal drilling program on its existing acreage position targeting the development of the Georgetown formation in Zavala and Dimmit Counties, Texas. This is the second participation well for the Company in the development program.

In Zavala County, Texas, the J. Beeler #1H, an approximate 26,000 foot total measured depth dual-lateral well targeting the Georgetown formation, averaged approximately 1,255 barrels of oil and 1,016 mcf of natural gas over the well's initial 24 hours on production. This is the Company’s second 2018 well that has been in line with some of the best wells targeting the Georgetown formation that have been drilled to date.