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Enercom The Oil and Gas Conference – US Energy Corp.

US Energy Corp. · Aug 19, 2015 · 23 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. Enercom The Oil and Gas Conference – US Energy Corp. – slide 1
    Corporate Presentation August 19, 2015
  2. Enercom The Oil and Gas Conference – US Energy Corp. – slide 2
    Company Overview Oil & Gas Assets Bakken/Three Forks North Dakota Montana Eagle Ford / Buda / Austin Chalk Texas Conventional Louisiana Texas Founded in 1966 (In business 49 years) Listed on the Nasdaq (40 years) Molybdenum…
  3. Enercom The Oil and Gas Conference – US Energy Corp. – slide 3
    Market Data Independent E&P Company Focused on Exploring for and Producing Domestic Oil and Natural Gas Exchange: NASDAQ (40 years) Ticker Symbol: USEG Price per Share (8/12/2015) 0.62 Market Capitalization (6/16/2015)…
  4. Enercom The Oil and Gas Conference – US Energy Corp. – slide 4
    Corporate Overview - Operations Interest in 115,563 gross (11,337 net) acres primarily located in South Texas and the Williston Basin in North Dakota Participate in 142 gross (20.87 net) producing wells in North Dakota, Texas &…
  5. Enercom The Oil and Gas Conference – US Energy Corp. – slide 5
    2015 Overview First six months: Drilled and completed 1 gross Buda development and 1 gross E-bench Austin Chalk test well in South Texas Second six months: Preserve in-ground portfolio value / defer drilling and testing initiatives…
  6. Enercom The Oil and Gas Conference – US Energy Corp. – slide 6
    World Liquid Fuels Production and Consumption Balance NASDAQ: USEG WWW.USNRG.COM 7
  7. Enercom The Oil and Gas Conference – US Energy Corp. – slide 7
    World Liquid Fuels Consumption NASDAQ: USEG WWW.USNRG.COM 8
  8. Enercom The Oil and Gas Conference – US Energy Corp. – slide 8
    How Long Will U.S. Production Hold Up NASDAQ: USEG WWW.USNRG.COM 9
  9. Enercom The Oil and Gas Conference – US Energy Corp. – slide 9
    E&P Assets NASDAQ: USEG WWW.USNRG.COM 10
  10. Enercom The Oil and Gas Conference – US Energy Corp. – slide 10
    Williston Basin Drilling Programs Bakken / Three Forks Formations Drilling programs in Williams, McKenzie and Mountrail Counties Interests in 58 participated drilling units* - 3,511 net participated acres Overall potential for 325**…
  11. Enercom The Oil and Gas Conference – US Energy Corp. – slide 11
    Williston Basin Assets 102 Gross (10.32 net) participated wells (6/30/2015) 325*-450** Overall gross USEG potential locations Active Area 10*-15* Overall net potential well participation Williston *Assumes 3 Bakken and…
  12. Enercom The Oil and Gas Conference – US Energy Corp. – slide 12
    Partnered with leading Williston Basin Operators Participation in Participation in Participation in Gross Wells Net Wells Gross Wells Net Wells Gross Wells Net Wells 26 6.61 18 2.91 30 0.36 Participation in Participation in…
  13. Enercom The Oil and Gas Conference – US Energy Corp. – slide 13
    North Dakota Wells in Progess Working Net Revenue Well Name Operator Formation Spud Date Interest Interest Status Satter 21X-01B XTO Bakken 10/22/2014 0.13% 0.10% Drilled; Comp Pending Satter 21X-01F XTO Three Forks 10/26/2014…
  14. Enercom The Oil and Gas Conference – US Energy Corp. – slide 14
    South Texas Drilling programs in Zavala and Dimmit Counties, Texas 30,753 gross (7,826 net) participated acres Additional leasing opportunities in region Multiple formation development potential South Texas Frio Zavala…
  15. Enercom The Oil and Gas Conference – US Energy Corp. – slide 15
    South Texas Multiple Formation Potential Stacked hydrocarbon bearing formation potential in South Texas olmos san miguel austin chalk eagle ford buda georgetown edward NASDAQ: USEG WWW.USNRG.COM 16
  16. Enercom The Oil and Gas Conference – US Energy Corp. – slide 16
    Booth-Tortuga Buda Activity Map 17,356 gross acres Zavala 4,017 net acres 16 gross producing Contango Operated Buda wells 90% oil / 10% gas 3H 5Hz 2H 1H EURs: 200-400 Mboe Dimmit U.S. Enercorp 30* gross (9* net)…
  17. Enercom The Oil and Gas Conference – US Energy Corp. – slide 17
    Eagle Ford Potential Contango Operated 22,321 gross (5,506 net) acres in Zavala and Dimmit County, TX with Contango and U.S. Enercorp EXCO Drilling Leona River Eagle Ford test well anticipated to be drilled Zavala Activity…
  18. Enercom The Oil and Gas Conference – US Energy Corp. – slide 18
    US Enercorp E bench (Austin Chalk) South Texas 8,432 gross acres 2,320 net acres Evaluating production data from two drilled and completed wells, the S. McKnight 1317 HB and the S. McKnight 1305 B wells 1.5 - 3.0 million drill…
  19. Enercom The Oil and Gas Conference – US Energy Corp. – slide 19
    Financials NASDAQ: USEG WWW.USNRG.COM 20
  20. Enercom The Oil and Gas Conference – US Energy Corp. – slide 20
    Select Financial Data [ Thousands ] EBITDAX for the Six Months Ended June 30, 2015 (Unaudited) (1,647) Strong Balance Sheet Cash and Cash Equivalents 4,067 Total Assets 95,418 Total Debt (6/30/15) 6,000 100 MM total credit…
  21. Enercom The Oil and Gas Conference – US Energy Corp. – slide 21
    USEG Stock Performance 1.90 Stock Price 1.70 1.50 1.30 1.10 0.90 0.70 0.50 0.30 1/6 1/13 1/20 1/27 2/3 2/10 2/17 2/24 3/3 3/10 3/17 3/24 3/31 4/7 4/14 4/21 4/28 5/5 5/12 5/19 5/26 6/2 6/9 6/16 6/23 6/30 7/7…
  22. Enercom The Oil and Gas Conference – US Energy Corp. – slide 22
    Growth Metrics Oil & Gas Revenue Cash Flow from Operations 40.0 M 25.0 M 35.0 M 20.0 M 30.0 M 25.0 M 15.0 M 20.0 M 15.0 M 10.0 M 10.0 M 5.0 M 5.0 M 0.0 M 0.0 M 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 Reserves (BOE)…
  23. Enercom The Oil and Gas Conference – US Energy Corp. – slide 23
    Summary Takeaways: 900 net BOE/D base production with proven additional development potential in North Dakota and South Texas Optimize current portfolio: sell non core interests, consolidate interests, transition into operations in…

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