U.S. Energy Stock (NASDAQ:USEG)

U.S. Energy Corp. operates as an independent energy enterprise, primarily engaged in the procurement, exploration, and development of crude oil and natural gas reserves across the contiguous United States. The company holds strategic interests in hydrocarbon assets situated in key production areas, including North Dakota's Williston Basin, New Mexico's Permian Basin, and various regions within Texas. According to data from December 31, 2021, U.S. Energy Corp. possessed estimated proved reserves totaling 1,344,626 barrels of oil equivalent. Its operational footprint also included oil and natural gas leases encompassing 89,846 gross acres and 5,757 net acres, complemented by 146 gross producing wells. Established in 1966, the firm's corporate base is located in Houston, Texas.