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
Contact Information

877 North 8th W

Riverton, Wyoming 82501

usnrg.com

(307) 856-9271

NAICS Code Support Activities for Nonmetallic Minerals (except Fuels) Mining: 213115

Recent Events

  • Brigham shares surge on higher oil volumes

    9/01/09 - Joint Venture / Alliance - View Story

  • U.S. Energy Spuds 3rd Well with Houston Energy L.P.

    7/28/09 - Joint Venture / Alliance - View Story

News & Analysis

u.s. energy corp. - All News and Analysis

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