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Enercom Conference – US Energy Corp.

US Energy Corp. · Aug 17, 2016 · 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 Conference – US Energy Corp. – slide 1
    U.S. ENERGY CORP. The Oil & Gas Conference August 17, 2016
  2. Enercom Conference – US Energy Corp. – slide 2
    A Legacy of Success & Longevity Celebrating Over 50 Years - Established 1966 -2016 NASDAQ: USEG WWW.USNRG.COM 2
  3. Enercom 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 (08/11/2016) 2.09 Market Capitalization (08/11/2016)…
  4. Enercom Conference – US Energy Corp. – slide 4
    Company Overview Williston Basin Oil & Gas Assets Niobrara Colorado Corporate HQ Bakken/Three Forks North Dakota South Texas Eagle Ford/Buda/Austin Chalk Gulf Coast Texas Founded in 1966 (In business over 50 years)…
  5. Enercom Conference – US Energy Corp. – slide 5
    Corporate Overview - Operations Interest in approximately 6,068 net acres primarily located in South Texas and the Williston Basin in North Dakota Participate in 159 gross (21 net) producing wells in North Dakota / Texas /…
  6. Enercom Conference – US Energy Corp. – slide 6
    2016 CAPEX The Companys capital focus will be on: Funding our drilling obligation in the Wattenberg Development Acquiring additional interests in the wells we currently are invested in Acquisition of producing properties…
  7. Enercom Conference – US Energy Corp. – slide 7
    E&P Assets U.S. ENERGY CORP. NASDAQ: USEG WWW.USNRG.COM 8
  8. Enercom Conference – US Energy Corp. – slide 8
    Williston Basin Operations & Drilling Programs Bakken / Three Forks Formations Producing Operations in Williams, McKenzie and Mountrail Counties, North Dakota Interests in 58 participated drilling units (HBP) (majority 1,280 acre…
  9. Enercom Conference – US Energy Corp. – slide 9
    Williston Basin Assets 102 Gross (10.7 net) participated wells (3/10/2016) 342* Overall gross potential locations 10*-15* Overall net Williston potential well participation *Assumes 3 Bakken and 3 Three Forks wells per…
  10. Enercom Conference – US Energy Corp. – slide 10
    Booth-Tortuga Buda 12,356 gross participated acres Zavala 4,938 net participated acres 16 gross producing Contango Operated Buda wells 3H 5Hz 2H 1H 90% oil / 10% gas Dimmit U.S. Enercorp Legend A Non-Participated…
  11. Enercom Conference – US Energy Corp. – slide 11
    South Texas Producing Properties in Zavala and Dimmit Counties, Texas South Texas Frio Development Zavala Potential Dimmit Fully Drilled La Salle Texas Divesting NASDAQ: USEG WWW.USNRG.COM 12
  12. Enercom Conference – US Energy Corp. – slide 12
    Eagle Ford Potential Contango Operated 22,321 gross (6,068 net) acres in Zavala and Dimmit County, TX with Contango Leona River and U.S. Enercorp Acreage Block Neighboring operator EXCO has extensively drilled and established…
  13. Enercom Conference – US Energy Corp. – slide 13
    Wattenberg Niobrara & Codell Development Project Generates Reserves of 383 MBO & 2.17 BCF or 0.745 MBOE USEG targets adding 50% of current reserves Participating at 40% of the offered interest enables USEG to meet the…
  14. Enercom Conference – US Energy Corp. – slide 14
    DJ Basin Development Drilling Opportunity Drilling and Completion Costs down 55% 3.0 1.0 mile 4.0 1.5 mile 4.5 2.0 mile More efficient design cuts days Monobore Design Infrastructure in place Operating Costs are established…
  15. Enercom Conference – US Energy Corp. – slide 15
    Wattenberg Development Drilling in and near highly developed areas. Low risk development All 21 wells to be completed before the end of 2017 NASDAQ: USEG WWW.USNRG.COM 16
  16. Enercom Conference – US Energy Corp. – slide 16
    Leveraging Other Operators Experience NASDAQ: USEG WWW.USNRG.COM 17
  17. Enercom Conference – US Energy Corp. – slide 17
    Forecasted Production Profile BOEPM NASDAQ: USEG WWW.USNRG.COM 18
  18. Enercom Conference – US Energy Corp. – slide 18
    Financials U.S. ENERGY CORP. NASDAQ: USEG WWW.USNRG.COM 19
  19. Enercom Conference – US Energy Corp. – slide 19
    Six Months Ending June 30, 2016 Financials Revenue(thousands) Q2 Six Months OIL 1,677 2,541 GAS 319 521 TOTAL 1,966 3,062 Operating Exp. Production 1,434 2,464 DD&A 864 1,646 Impairments 2,611 9,568 G&A 172 311 (1/5 2015)…
  20. Enercom Conference – US Energy Corp. – slide 20
    USEG Stock Price and Volume Stock Price (YTD) 3.00 2.50 2.00 1.50 1.00 0.50 0.00 Volume 450,000 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 - Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16…
  21. Enercom Conference – US Energy Corp. – slide 21
    World Rig Count Indicates Production Decline to Follow World Rig Count By Region 2500 2000 1500 Rig Count 1000 500 0 Africa Asia-Pacific Europe Latin America Middle East Canada US Source: Baker…
  22. Enercom Conference – US Energy Corp. – slide 22
    The Slowdown of Drilling will Balance Supply and Demand in Time World Liquid Fuels Production and Consumption Balance 100 6 Projections 98 5 96 4 94 3 Million Barrels per Day Million Barrels per Day 92 2 90 1 88…
  23. Enercom Conference – US Energy Corp. – slide 23
    Current Status Completed 2015 - 2016 Strategic Goals and Plan: Reduced operational costs by 2/3rds Executed sale of the Mt. Emmons Mine Company Headquarters established in Denver, Colorado Manageable level of debt and streamlined…

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