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Corporate Presentation – US Energy Corp.

US Energy Corp. · Feb 19, 2014 · 24 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 February 19, 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 (2/14/2014) 3.69 Market Capitalization (2/14/2014) 102.15MM Avg.…
  3. Corporate Presentation – US Energy Corp. – slide 3
    Areas of Activity / Participation Core Areas of Focus: Williston Basin / South Texas Unconventional Resource Development Bakken/Three Forks Production / Development Program Austin Chalk / Eagle Ford Shale / Buda Limestone…
  4. Corporate Presentation – US Energy Corp. – slide 4
    Corporate Overview - Operations Q3 2013 total net production 101,987 BOE Q3 2013 Average Daily Production 1,109 BOE/D Oil (Bbls % total) 79% Natural Gas (Mcf % total) 17% Natural Gas Liquids (Bbls % total) 4% Proved Reserves…
  5. Corporate Presentation – US Energy Corp. – slide 5
    2014 Oil and Gas Capital Expenditures Plan Summary 2014 Oil and Gas Capital Expenditures Budget 30.2 MM South Texas (Buda Limestone Formation) 12.6 MM 12 Gross / 3.15 Net Drill Locations Williston Basin (Bakken & Three Forks…
  6. Corporate Presentation – US Energy Corp. – slide 6
    E&P Assets
  7. Corporate Presentation – US Energy Corp. – slide 7
    Williston Basin Drilling Programs Bakken / Three Forks Formations North Dakota: Drilling programs in Williams, McKenzie and Mountrail Counties, North Dakota Interests in 65 participated drilling units (majority 1,280 acre spacing)…
  8. Corporate Presentation – US Energy Corp. – slide 8
    Williston Basin Assets 100 Gross Participated Wells (January 2014) 2014 Regional CAPEX 9.6 MM 23 Gross Participated Wells 390*-520** Gross Additional Participated Development Locations 15*-20** Net Additional Wells…
  9. Corporate Presentation – US Energy Corp. – slide 9
    Williston Basin, North Dakota Wells in Progress Net Working Revenue Status Well Name Operator Formation Spud Date Interest Interest Excalibur 4-25-36H Emerald Oil Inc. Three Forks 6/24/2013 0.82% 0.61% Producing Excalibur 3-25-36H…
  10. Corporate Presentation – US Energy Corp. – slide 10
    Operational Results Williston Basin Williston Basin Net BOE/Month by Operator/Program 40,000 Approximately 35,000 863net BOE/D 9/30/13 30,000 25,000 BOE/Month 20,000 15,000 10,000 5,000 - Brigham-Statoil…
  11. Corporate Presentation – US Energy Corp. – slide 11
    South Texas Multiple Formation Potential Contango Operated: Leona River / Booth-Tortuga prospects; Zavala and Dimmit Counties, Texas U.S. Energy Corp. has 30% WI in 13,583 gross (4,075 net) acres 10,140 gross (3,042 net) acres…
  12. Corporate Presentation – US Energy Corp. – slide 12
    Jan. 2014 South Texas Operational Field Trip Beeler 7H 13
  13. Corporate Presentation – US Energy Corp. – slide 13
    Jan. 2014 South Texas Operational Field Trip 14
  14. Corporate Presentation – US Energy Corp. – slide 14
    Booth-Tortuga Buda Activity Map 5 gross producing wells January average gross production of 2,313* BOE/D January average production of 468* BOE/D net to USEG 4 gross wells in progress 1 well temp. abandoned 75% oil / 25%…
  15. Corporate Presentation – US Energy Corp. – slide 15
    Buda Limestone Formation Well Data Beeler 2H Producing Initial Production Rate 859 Gross BOE/D Cumulative Production (1/31/14) 136,716 Gross BOE Beeler 3H Producing Initial Production Rate 1,260 Gross BOE/D Cumulative Production…
  16. Corporate Presentation – US Energy Corp. – slide 16
    Buda Economics Assumptions Assumptions Net Oil Price 100.00 per Bbl AFE 4,000,000 Net Gas Price 3.50 per MCF Oil Price (per Bbl) 100 Gross Production (EUR) 404,183 BBLs/Well Royalty 25.0% Prod Taxes 4.60% of gross revenue Production…
  17. Corporate Presentation – US Energy Corp. – slide 17
    Operational Results Eagle Ford / Austin Chalk / Buda Limestone South Texas Program Net BOE/Month by Well 16,000 14,000 12,000 10,000 BOE/Month 8,000 6,000 Buda Limestone 4,000 2,000 Eagle Ford Austin Chalk…
  18. Corporate Presentation – US Energy Corp. – slide 18
    Operational Results All Oil & Gas Programs 2012-13 Production by Region 45,000 40,000 35,000 30,000 BOE/Month 25,000 20,000 Est. Jan 14 South Texas 15,000 Production 10,000 Approximately 5,000 1,240 net BOE/D…
  19. Corporate Presentation – US Energy Corp. – slide 19
    Financials
  20. Corporate Presentation – US Energy Corp. – slide 20
    Select Financial Data EBITDAX (9 months ended Sept. 30, 2013) [ thousands ] 11,467 Strong Balance Sheet (Sept. 30, 2013) [ thousands ] Cash and Cash Equivalents 5,538 Total Assets (Book) 125,356 Long-Term Debt (net of current…
  21. Corporate Presentation – US Energy Corp. – slide 21
    Hedges Risk Management Quantity Settlement Period Counterparty Basis (Bbl/d) Strike Price Crude Oil Costless Collar Wells Fargo WTI 300 Put: 90.00 01/01/14 - 06/30/14 Call: 95.00 Crude Oil Costless Collar Wells Fargo WTI 300 Put:…
  22. Corporate Presentation – US Energy Corp. – slide 22
    Growth Metrics Stock Price 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Volume 1,500 K Average Daily Volume 175,000 (6 mos.) 1,000 K 500 K 0K Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14…
  23. Corporate Presentation – US Energy Corp. – slide 23
    Key Takeaways / Investment Highlights Catalysts: Active drilling programs in the Bakken and Three Forks formations Williston Basin North Dakota Experienced Management Team / Attractive development portfolio Financial flexibility /…
  24. Corporate Presentation – US Energy Corp. – slide 24
    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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