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Operational Updates

U.S. Energy Corp. Provides Operational Update On The Bakken and Eagleford

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Operations Update

Williston Basin, North Dakota - Rough Rider Program:

The State 36-1 #3H infill well has been drilled to depth and is currently scheduled to be fracture stimulated with approximately 38 stages in July 2012. The Company has an approximate 3.3% WI and 2.6% NRI in this well. The spud date for the Sedlacek Trust 33-4 #2H well has been postponed due to a cultural survey being required by the State of North Dakota prior to spud. This will most likely move the well into the inventory of wells scheduled to be spud in 2013. The Company has an approximate 8.5% WI and an approximate 6.6% NRI in the well. The State 36-1 #4H well is a planned Three Forks well and is scheduled to be drilled in Q4 2012. This will be the second Three Forks well drilled in our participated program with…
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