Skip to main content 2010 EARNINGS CALL – US Energy Corp. Investor Presentation | Shale Experts
Loading...
Pm

2010 EARNINGS CALL – US Energy Corp.

US Energy Corp. · Mar 15, 2011 · 16 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2010 EARNINGS CALL – US Energy Corp. – slide 1
    Nasdaq: USEG www.usnrg.com U.S. Energy Corp. 2010 Year End Selected Highlights, Financial Results and Operations Update March 15, 2011 10:00 AM MDT
  2. 2010 EARNINGS CALL – US Energy Corp. – slide 2
    Conference Call Agenda Introduction and Safe Harbor Disclosure Mark Larsen 2010 Results and Operational Overview; Williston Basin and Gulf Coast Drilling Programs Update Keith Larsen Additional Resource Play Potential Mark Larsen…
  3. 2010 EARNINGS CALL – US Energy Corp. – slide 3
    Company Overview Oil & Gas Bakken/Three Forks North Dakota Montana Williston Basin Eagle Ford Texas Mt. Emmons Molybdenum Project San Joaquin Conventional Basin Apache Prospect California Permian Basin Colorado Gulf…
  4. 2010 EARNINGS CALL – US Energy Corp. – slide 4
    Total Proved Reserves Oil Natural Gas Natural Gas Liquids 52,532 3% 24,031 2% 355,963 18% 250,383 23% 811,789 1,546,446 75% 79% 2009 2010 1,086,203 BOE 1,954,941 BOE 80% Increase * Based on independent reserve…
  5. 2010 EARNINGS CALL – US Energy Corp. – slide 5
    2011 Capital Expenditures / Well Count 2011 Oil & Gas Capex Budget 45.7 million 33.2 million (Williston Basin) 12.5 million (Gulf Coast / Colorado / California) 40 gross / 13 net wells 18 Bakken wells 10 Zavanna + 2 Murex…
  6. 2010 EARNINGS CALL – US Energy Corp. – slide 6
    Williston Basin / North Dakota Participated Acreage and Brigham Drilling Program Initial Well Results Williams/McKenzie County, North Dakota MacMaster 11-2 1H Drilled, awaiting completion 14 Strand 16-9 1H 28 Stages 2,264 IP rate 4…
  7. 2010 EARNINGS CALL – US Energy Corp. – slide 7
    Operational Results BEXP Program Source: U.S. Energy Corp. 7
  8. 2010 EARNINGS CALL – US Energy Corp. – slide 8
    U.S. Energy Corp. / Zavanna Drilling Program USEG Acquired Montana Acreage Crescent Farms 7-6 1H (WI 25% NRI 19%) Rough Rider/Yellowstone/SE HR Projects Wang 10-3 1H (WI 18% NRI 13.6%) Skorpil 11-2 1H (WI 21% NRI 16%)…
  9. 2010 EARNINGS CALL – US Energy Corp. – slide 9
    Gulf Coast Region (onshore) The ALMI 8 well began production in August 2010, at a rate of 250 BOE/D net to USE CL&F 1 well (PetroQuest) continues to produce at 2,000 BOE/D gross (200 BOE/D net to USEG) Two Houston Energy wells…
  10. 2010 EARNINGS CALL – US Energy Corp. – slide 10
    Gulf Coast Region (onshore) Partner Acreage Working Interest Net Revenue Interest Current Status (Gross) PetroQuest 2,000 (on Varies by prospect from Varies by prospect 2 wells currently producing 450 BOE/D net (NYSE:PQ) 500 square…
  11. 2010 EARNINGS CALL – US Energy Corp. – slide 11
    California - Moose Prospect Joint Venture with Cirque Resources Miocene Stevens sands - San Joaquin Basin 13,000 / 2.5 million Dry Hole Cost 6,700 gross acres 2,400 net acres (40% working interest) Stratigraphic trap on flank…
  12. 2010 EARNINGS CALL – US Energy Corp. – slide 12
    Colorado Apache Project USEG Operator Mississippian target Anadarko Basin 6,500 vertical well Colorado 250,000 Dry Hole Cost 3,000 net acres (80% Apache working interest) Prospect Initial well expected to spud in Q2…
  13. 2010 EARNINGS CALL – US Energy Corp. – slide 13
    Leona River Eagle Ford Prospect Leona River Eagle Ford Prospect, Zavala County Significant activity in area CHK Lazy A Cotulla 1H, Produced 80 MBOe in 4 months U.S. Energy Corp. has 30% WI in 4,675 contiguous acres Lease is Held By…
  14. 2010 EARNINGS CALL – US Energy Corp. – slide 14
    Current Eagle Ford Activity, Drill & Permits Graham 1 Winterbotham Top TRANSITION EAGLE FORD Petrohawk Mustang Ranch ZAVALA Chesapeake K Graham (Type Log) 1 Traylor FRIO Winterbotham Crimson Exploration Chesapeake Leona River…
  15. 2010 EARNINGS CALL – US Energy Corp. – slide 15
    World Class Scale Mount Emmons Molybdenum Project In August 2008 signed Exploration, Development and Mine Operating Agreement with Thompson Creek Metals (TC) whereby TC can earn a 75% ownership interest in the Project for a total of…
  16. 2010 EARNINGS CALL – US Energy Corp. – slide 16
    Nasdaq: USEG www.usnrg.com Thank you for your interest in U.S. Energy Corp. We look forward to updating our progress to the audience going forward. Brad Olson 9-16 1H foreground with Nabors Drilling rig 182 drilling the Brad…

From the store

Browse maps, data & reports in the Shale Experts store