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U.S. Energy Corp. Reports Eagle ford and Bakken Operational Update

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U.S. Energy Corp. (Nasdaq:USEG) (the "Company"), today reported its second quarter 2012 highlights, selected financial results for the quarter ended June 30, 2012, and provided an operational update.

Operations Update

Williston Basin, North Dakota - Rough Rider Program:

Two additional gross (0.10 net) wells are expected to be drilled during the balance of 2012.

Williston Basin, North Dakota - Yellowstone and SE HR Programs:

The Witt 34-27 #1H well is currently drilling in the horizontal section of the wellbore. The well is scheduled to be fracture stimulated in September, 2012. The Company has an approximate 6.7% WI and 5.2% NRI in this well. An initial well has now been drilled in each of the Yellowstone acreage units, and therefore all of the leases are held by production. The…
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