Followers | 18 |
Posts | 2369 |
Boards Moderated | 0 |
Alias Born | 01/09/2012 |
Friday, January 09, 2015 8:38:08 AM
*****************************************************************
2015 Oil and Gas Capital Expenditure Budget
On December 4, 2014, the Company's Board of Directors approved an $8.2 million oil and gas capital expenditure budget for 2015. Under the approved budget, the Company currently plans to participate in the drilling of four wells located in South Texas during the year, comprised of two Eagle Ford wells with Contango Oil & Gas Company and two wells with U.S. Enercorp. The formation targets with U.S. Enercorp are yet to be determined pending the evaluation of our recent drilling in the leasehold.
Currently, the Company has not allocated Capex for the development of our portfolio of drilling locations located in Williston Basin of North Dakota during 2015. However, we will continue to monitor the economics of the basin and our drilling programs in particular, and if wells are proposed during the course of the year we could allocate additional funding for the drilling of these wells on a case-by-case basis. We currently participate in fifty seven 1,280 acre units in North Dakota and all of these units are held by production.
Actual timing of drilling and completing wells and the anticipated number of gross and net wells to be drilled could vary in each of our prospects. Amounts budgeted for each drilling program are subject to change based on a number of factors including, but not limited to, commodity prices, well costs, drilling and completion success, availability of capital and weather-related issues. The Company plans to fund its budget from cash on hand, cash flow from operations, and borrowings under its secured revolving credit facility with Wells Fargo, as warranted.
******************************************************************
DISCLAIMER: IF I AM POSTING ON THIS BOARD I AM LONG THE STOCK.
Recent USEG News
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 09/20/2024 09:18:45 PM
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 09/20/2024 09:17:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/20/2024 09:16:08 PM
- Form SC 13G - Statement of Beneficial Ownership by Certain Investors • Edgar (US Regulatory) • 08/17/2024 01:13:22 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2024 12:33:46 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 08:26:38 PM
- U.S. Energy Corp. Reports Financial and Operating Results for Second Quarter 2024 • GlobeNewswire Inc. • 08/07/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/05/2024 08:41:14 PM
- U.S. Energy Corp. Closes Asset Sale for South Texas Properties • GlobeNewswire Inc. • 08/05/2024 08:30:00 PM
- U.S. Energy Corp. Announces Second Quarter 2024 Results and Conference Call Date • GlobeNewswire Inc. • 08/05/2024 08:15:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 07/16/2024 08:38:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/16/2024 08:37:53 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 07/12/2024 08:49:56 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 07/09/2024 08:37:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/09/2024 08:37:04 PM
- U.S. Energy Corp. Announces Entry Into Binding Agreement For Asset Sale For South Texas Properties • GlobeNewswire Inc. • 07/09/2024 08:30:00 PM
- U.S. Energy Corp. Announces Transformative Acquisition Targeting Helium Production • GlobeNewswire Inc. • 07/01/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/12/2024 12:51:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/21/2024 08:05:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 08:31:44 PM
- U.S. Energy Corp. Reports Financial and Operating Results for First Quarter 2024 • GlobeNewswire Inc. • 05/09/2024 08:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 08:28:02 PM
- U.S. Energy Corp. Announces First Quarter 2024 Results Conference Call Date • GlobeNewswire Inc. • 05/07/2024 08:30:00 PM
- U.S. Energy Corp. Announces Its Participation in the EF Hutton Annual Global Conference • GlobeNewswire Inc. • 04/30/2024 11:15:00 AM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM