Investor Presentaiton
3
U.S. Energy Corp. Overview
U.S. ENERGY CORP.
U.S. Energy is a growth-focused energy company engaged in operating a portfolio of high-quality producing assets that will allow the Company
to execute on an attractive capital returns program to shareholders.
USEG Overview
Energy Company with
Track Record of M&A
and Capital Markets
Execution
Stable Oil Weighted
Production Profile with
Geographic
Diversification
■ Nasdaq listed E&P Company with oil-weighted PDP
reserves with a strong balance sheet and low
corporate overhead.
■ In January 2022, completed three separate asset
acquisitions adding a total of $95 mm PDP PV-10 for
total purchase aggregate consideration of ~$88.7 mm.
■ Existing management has closed five M&A
transactions since taking over in December 2019.
■ Producing assets across multiple basins lend to
production diversity.
■ Mature, oil weighted production profile.
■Company operates ~90% of reserve base.
■ PDP + PDNP Reserves of 6,880 Mboe (76% oil).
■ PDP + PDNP PV-10 of $131.0 mm.
Asset Overview Map U.S. Energy Corp.
Company Highlights
Current(1)(2)
Enterprise Value ($mm) (Share Price $4.44)
$110.7
Debt ($mm)
$3.5
$1.7
PDP + PDNP Reserves (Mmboe)(1)
6.9
PDP + PDNP PV-10 ($MM)(2)
$131.0
Strong and Simplified
Balance Sheet with
Sustainable Corporate
Overhead Levels
■ Recent $100.0 mm credit facility with $15.0 mm
borrowing base.
Successfully track record of equity capital markets
transactions that raised a net total of $10.9 mm.
■ Eliminated legacy outstanding preferred stock.
■ Minimal existing debt and positive working capital.
Cash ($mm)
(1) Reserves based on 3rd party engineering report as of April 1, 2022.
1Q2022 SEC pricing of $75.24 oil and $4.09 natural gas.
(2)
Confidential.
% Oil/Gas Mix
78% Oil / 22% GasView entire presentation