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Corporate Presentation – US Energy Corp.

US Energy Corp. · Aug 20, 2014 · 25 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. Corporate Presentation – US Energy Corp. – slide 1
    Nasdaq: USEG www.usnrg.com Corporate Presentation August 20, 2014
  2. Corporate Presentation – US Energy Corp. – slide 2
    Market Data Independent E&P Company Focused on Exploring for and Producing Domestic Oil and Natural Gas Exchange: NASDAQ Ticker Symbol: USEG Price per Share (8/15/2014) 4.02 Market Capitalization (8/15/2014) 112.14MM Avg. Daily…
  3. Corporate Presentation – US Energy Corp. – slide 3
    Corporate Overview - Operations Six Months 2014 Total Net Production 221,592 BOE Six Months 2014 Average Net Daily Production 1,224 BOE/D Oil (Bbls % total) 75% Natural Gas (Mcf % total) 19% Natural Gas Liquids (Bbls % total) 6%…
  4. Corporate Presentation – US Energy Corp. – slide 4
    Six Months 2014 Highlights in Review Focused on Growth in the E&P Sector Two successive profitable quarters Continued delineation of Buda Limestone formation in South Texas Continued development of North Dakota assets June 2014…
  5. Corporate Presentation – US Energy Corp. – slide 5
    Areas of Activity Core Areas of Focus: Williston Basin / South Texas Unconventional Resource Development Bakken / Three Forks Formations Austin Chalk / Eagle Ford Shale / Buda Limestone Formations 6
  6. Corporate Presentation – US Energy Corp. – slide 6
    Why North Dakota / Texas Source: EIA.gov, FT Advisors 7
  7. Corporate Presentation – US Energy Corp. – slide 7
    Why North Dakota / Texas Time Required for Processing a Permit to Drill Source: Institute for Energy Research, The Railroad Commission of Texas, FT Advisors 8
  8. Corporate Presentation – US Energy Corp. – slide 8
    2014 Oil and Gas Capital Expenditures Plan Summary South Texas (Buda Limestone Formation) 12.6 MM 12 Gross / 3.15 Net Drill Locations Williston Basin (Bakken & Three Forks Formations) 9.6 MM 23 Gross / 1.1 Net Drill Locations…
  9. Corporate Presentation – US Energy Corp. – slide 9
    North Dakota / Williston Basin Bakken Oil Production Source: EIA.gov 11
  10. Corporate Presentation – US Energy Corp. – slide 10
    Williston Basin Drilling Programs Bakken / Three Forks Formations North Dakota: Drilling programs in Williams, McKenzie and Mountrail Counties, North Dakota Interests in 57 participated drilling units (majority 1,280 acre spacing)…
  11. Corporate Presentation – US Energy Corp. – slide 11
    Williston Basin Assets 87 Gross (10.1 net) participated wells (6/30/2014) 2014 Regional CAPEX 9.6 MM 23 Gross (1.1 net) Wells 390*-520** Gross Potential Locations 15*-20** Net Potential Well Participation *Assumes 3…
  12. Corporate Presentation – US Energy Corp. – slide 12
    Williston Basin Wells Status Working Net Revenue Well Name Operator Formation Spud Date Interest Interest Status Hovde 33-4 3H Statoil Bakken 10/28/2013 2.45% 1.94% Producing Hovde 33-4 4H Statoil Bakken 11/8/2013 2.45% 1.94% Producing…
  13. Corporate Presentation – US Energy Corp. – slide 13
    South Texas Active drilling programs in Zavala and Dimmit Counties, Texas Currently delineating Buda Limestone potential Anticipate drilling Eagle Ford well Q1 2015 (new drilling and completion technique) 35,221 gross (9,130 net)…
  14. Corporate Presentation – US Energy Corp. – slide 14
    South Texas Multiple Formation Potential Stacked hydrocarbon bearing formation potential in South Texas Olmos Austin Chalk Eagleford Buda Georgetown Edwards
  15. Corporate Presentation – US Energy Corp. – slide 15
    Booth-Tortuga Buda Activity Map 24,640 gross acres Newly Pooled Acreage 5,740 net acres Zavala 16 gross producing Buda wells 90% oil / 10% gas AMI Election Contango Operated EURs: 200-400 Mboe 3H 5Hz 2H 1H (may not apply to…
  16. Corporate Presentation – US Energy Corp. – slide 16
    Booth Tortuga Buda Formation Well Status Well Name Operator Spud Date Working Interest Net Revenue Interest Status Beeler 2H Contango 4/5/2013 30.00% 22.50% Producing Beeler 3H Contango 8/1/2013 30.00% 22.50% Producing Willerson 1H U.S.…
  17. Corporate Presentation – US Energy Corp. – slide 17
    Buda Economics Assumptions (IRR) Assumptions (Payout) Net Oil Price 100.00 per Bbl AFE 4,000,000 Net Gas Price 3.50 per MCF Gross Production (EUR) 404,183 BBLs/Well Oil Price (per Bbl) 100 Royalty 25.0% Prod Taxes 4.60% of gross…
  18. Corporate Presentation – US Energy Corp. – slide 18
    Eagle Ford Potential Contango Operated 20,257 gross (4,887 net) acres in Zavala and Dimmit County, TX with Contango and U.S. Enercorp USEG has 30% WI (22.5% NRI) in Booth Tortuga and Leona River prospects USEG has 15% WI…
  19. Corporate Presentation – US Energy Corp. – slide 19
    Operational Results Austin Chalk / Eagle Ford / Buda Limestone South Texas Avg. Net BOE/D by Formation 600 500 400 Avg. BOE/D 300 200 100 - 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 Austin…
  20. Corporate Presentation – US Energy Corp. – slide 20
    Production All Oil & Gas Programs Net BOE/D by Region 1,600 1,400 1,200 1,000 Avg. BOE/D 800 600 400 200 - 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 Source: U.S. Energy Corp. Gulf Coast…
  21. Corporate Presentation – US Energy Corp. – slide 21
    Select Financial Data (6/30/14) [ Thousands ] EBITDAX for the Six Months Ended June 30, 2014 8,290 Strong Balance Sheet Cash and Cash Equivalents 4,254 Total Assets 124,634 Long-Term Debt (net of current portion) 8,000 100 MM total…
  22. Corporate Presentation – US Energy Corp. – slide 22
    USEG Stock Performance Stock Price 5.5 5.0 4.5 4.0 3.5 3.0 Market recognition of Buda drilling results 2.5 2.0 1.5 1.0 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14…
  23. Corporate Presentation – US Energy Corp. – slide 23
    Performance Oil & Gas Revenue Reserves (BOE) 40 M 4.5 M 35 M CAGR 37% 4.0 M CAGR 28% 30 M 3.5 M 3.0 M 25 M 2.5 M 20 M 2.0 M 15 M 1.5 M 10 M 1.0 M 5 M 0.5 M 0 0 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 Cash Flow From…
  24. Corporate Presentation – US Energy Corp. – slide 24
    Summary Catalysts: Refined focused on liquids rich resource plays and accretive value for our shareholders Active drilling programs in our core areas of focus; Williston basin and South Texas Strong balance sheet and liquidity for…
  25. Corporate Presentation – US Energy Corp. – slide 25
    Nasdaq: USEG www.usnrg.com Shareholder Contact: Investor Relations: NASDAQCM: USEG Reggie Larsen Director of Investor Relations Headquarters: U.S. Energy Corp. P. 1-800-776-9271 877 N. 8th W. M. 1-307-851-4043 Riverton,…

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