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U.S. Energy Corp. Agrees to Sell East Texas Properties

Dec 13, 2024over 1 year ago

Contract Type

agreement

EnergySustainabilityNatural ResourcesLending And Investments

Description

U.S. Energy Corporation has executed definitive documents for the sale of its East Texas assets. The pending transaction involves the sale of a significant portion of the company's oil and gas assets in East Texas to a private buyer. The proceeds from the sale are expected to be directed towards advancing the company's industrial gas project in Montana.

Company Information

Company

U.S. Energy Corporation

About

U.S. Energy Corporation is a public company listed on NASDAQ (NASDAQ: USEG) and is engaged in the oil and gas industry with a focus on divesting assets and advancing industrial gas projects.

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