Nasdaq: USEG www.usnrg.com Corporate Presentation March 9, 2015
Company Overview Oil & Gas Assets Bakken/Three Forks North Dakota Montana Eagle Ford / Buda / Austin Chalk Texas Conventional Louisiana Founded in 1966 (In business 49 years) Listed on the Nasdaq (40 years) Texas Symbol: USEG…
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 (3/6/2015) 1.31 Market Capitalization (3/6/2015) 37.39MM…
Corporate Overview - Operations Participated in 130 gross (19.63 net) producing wells in North Dakota / Texas / Louisiana (9/30/14 ) Currently participate in 118,188 gross (11,524 net) acres primarily located in South Texas and…
Areas of Activity Core Areas of Focus: Williston Basin / South Texas Bakken / Three Forks Formations Austin Chalk / Eagle Ford Shale / Buda Limestone and Conventional Formations 6
Why North Dakota / Texas Source: EIA.gov, FT Advisors 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
2015 CAPEX The Company currently plans to participate in the drilling of four test wells located in Dimmitt and Zavalla Counties, Texas Currently we participate in minimal development activity in the Williston Basin of North…
E&P Assets
Williston Basin Drilling Programs Bakken / Three Forks Formations North Dakota: Drilling programs in Williams, McKenzie and Mountrail Counties, North Dakota Interests in 58 participated drilling units (majority 1,280 acre spacing)…
Williston Basin Assets 100 Gross (10.27 net) participated wells (9/30/2014) 342*-456** Overall gross USEG potential locations Focus Area 10*-15* Overall net potential well participation Williston *Assumes 3 Bakken and…
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 6.09 18 2.91 30 0.36 Participation in Participation in…
South Texas Drilling programs in Zavala and Dimmit Counties, Texas 31,554 gross (7,725 net) participated acres Additional leasing opportunities in region Multiple formation development potential South Texas Zavala Frio La…
South Texas Multiple Formation Potential Stacked hydrocarbon bearing formation potential in South Texas 15
Booth-Tortuga Buda Activity Map 18,156 gross acres Newly Pooled Acreage 4,061 net acres Zavala To spud March 16 gross producing 2015 Buda wells Contango Operated AMI Election 90% oil / 10% gas 3H 5Hz 2H 1H EURs: 200-400…
Eagle Ford Potential Contango Operated 23,121 gross (5,551 net) acres in Zavala and Dimmit County, TX with Contango and U.S. Enercorp Leona River Acreage Block USEG has 30% WI (22.5% NRI) in Booth Tortuga and Leona River…
Financials
Select Financial Data [ Thousands ] EBITDAX for the Nine Months Ended Sept. 30, 2014 12,933 Strong Balance Sheet Cash and Cash Equivalents 4,363 Total Assets 125,511 Long-Term Debt (net of current portion 12/10/14) 6,000 100 MM…
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…
Summary Takeaways: Stabilized base production and development portfolio in North Dakota and South Texas Focused on resource and conventional plays that provide growth and accretive value for shareholders Actively seeking bolt on…
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,…