One-Page Deal Sheet
US Energy Corp. Acquires East TX Assets in All-Stock Deal
US Energy Corp. Not Disclosed
Announced Date
November 09,2020
Effective Date
November 01,2020
Close Date
December 01,2020
Transaction Type
Property
Asset/Basin:
["Gulf Coast", "East Texas"]
TargetZones:
[]
Net Acres
% Oil:
Proved Reserves
PV-10 ($MM)
Location
Calculated Metrics( EV/Category)
Region
Ark-La-Tex - East Texas
Country
United States
State
Texas
County
Liberty
Play
Production & Reserves Reserves
Calculated Metrics( EV/Category)
Transaction Details: Subscribe to see
U.S. Energy Corp. has signed a deal to acquire operated producing assets located in Liberty County, Texas in a $250,000, all-stock transaction.
The seller was not disclosed.
Asset Highlights: Net Acreage: 680 net acres in Liberty County, TX PDP Reserves: 242,300 BO Working Interest: Properties average a 100% working interest and 86% net revenue interestCEO Ryan Smith said: "We are very pleased to announce our most recent acquisition agreement, which represents U.S. Energy's third acquisition of 2020 and shows the continued execution of our stated strategy of seeking to consolidate…
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| Date | Deal Headline | Price | $/acre |
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