BNET Industries
Last Fiscal Year Sales:$2.2M
- Private
- US
Dow Jones Description
U.S. Energy Corp. ("USE") is a Wyoming corporation (formed in 1966) in the business of acquiring, exploring, developing and/or selling or leasing mineral properties. USE and Crested Corp. ("Crested") originally were independent companies, with two common affiliates (John L. Larsen and Max T. Evans; Mr. Evans died in February 2002). In 1980, USE and Crested formed a joint venture ("USECC") to do business together (unless one or the other elected not to pursue an individual project). From time to time, USE has funded many of Crested's obligations because Crested did not have the funds to pay its own obligations. Crested has paid a portion of this debt by issuing common stock to USE. At December 31, 2004, Crested owed $9,650,900 to USE. Historically, our business strategy has been, and will continue to be, acquiring grass roots and/or developed mineral properties when commodity prices are low (such as they have been in natural gas, gold, uranium and molybdenum), then operating, selling, leasing or joint venturing the properties, or selling the companies we set up to hold and explore or develop the properties to other companies in the mineral sector when prices are moving upward.
Number of Employees 19
Peer Companies
NAICS Code Support Activities for Nonmetallic Minerals (except Fuels) Mining: 213115
Recent Events
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Brigham shares surge on higher oil volumes
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U.S. Energy Spuds 3rd Well with Houston Energy L.P.
News & Analysis
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u.s. energy corp. - All News and Analysis
U.S. Energy Corp. Wall Street Analyst Forum's 20th Annual Institutional Investor Conference Transcript
Seeking Alpha
- 2009-03-26
Question-and-Answer SessionUnidentified Participant Your opportunistic buyers, you have these projects up the curve, you know about some, when you went into Gillette I thought that you guys did not get the new statements out there with inaudible eating the production and then you sold it out for $1.5 million...
Cash Is King?
Seeking Alpha
- 2008-09-16
David Zurbuchen submits: A major objective of many investors active in the natural resources sector is to diversify away from the fiat-based world of finance and credit-dominated sectors such as banking, insurance and retail. These investors want exposure to hard assets, not soft ones. Today, they desperately hope...
Nine Wyoming Stocks
Seeking Alpha
- 2008-09-16
Stockerblog submits: Did you know that Wyoming has a district called the historic J.C. Penny JCP district? James Cash Penny established his first store in this state. Eventually, it grew to the chain known as J.C. Penny.Here are some interesting facts about Wyoming: by Stockerblog
U.S. Energy Corp. F4Q07 (Qtr End 12/31/07) Earnings Call Transcript
Seeking Alpha
- 2008-04-07
Question-and-Answer SessionOperator [Operator Instructions] Our first question comes from [Michael Shafranski] from Onyx Capital Management. [Michael Shafranski] - Onyx Capital Management A couple questions on your balance sheet which I’m not really understanding completely. First, the undeveloped mining claims, you talk about a few of the mining claims you...
Definitive Agreement Signed Between U.S. Energy Corp. and sxr Uranium One.
- 2007-02-23
M2 PRESSWIRE-23 February 2007-Afternoon Movers: Definitive Agreement Signed Between U.S. Energy Corp. and sxr Uranium OneC1994-2007 M2 COMMUNICATIONS LTD RDATE:23022007 U.S. Energy Corp. (NASDAQ:USEG), through its subsidiaries, engages in the acquisition, exploration, development, production, and sale of mineral properties. ...
Enterra Energy Trust, U.S. Energy Corp. and Rocky Mountain Gas, Inc. Announce Acquisition Merger; Merger Valued at Approximately $33.5 Million
- 2005-02-25
CALGARY, Alberta & RIVERTON, Wyo. -- Enterra Energy Trust: --This Notice Does Not Constitute an Offer of Any Securities for Sale --Enterra Also Announces Release Date of 2004 Financial Statements Enterra Energy Trust ("Enterra") (NASDAQ: EENC; TSX: ENT.UN), U.S. Energy Corp. ("USE") (NASDAQ: Small Cap USEG) and...
U.S. Energy Corp. Corrects Contact Information
- 2002-11-22
Business Editors CORRECTION...by U.S. Energy Corp. --BUSINESS WIRE In BW0158, (NY-U.S.-ENERGY-CORP) U.S. Energy Corporation President Keith Larsen Talks to the Wall Street Transcript, contact information should read xxx CONTACT: U.S. Energy Corp. ...
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