U.S. Energy Corp. is an independent oil and natural gas exploration and production company with a long history rooted in American resource development. Founded in 1966 and originally based in Wyoming, the company began as a diversified natural resource enterprise, involved in mining and energy ventures ranging from uranium and gold to oil and gas. Over the years, U.S. Energy transitioned its focus entirely toward hydrocarbon exploration and production, aligning its strategy with the evolving energy landscape and shifting commodity markets across the United States.
The company’s operations center on acquiring, developing, and producing oil and natural gas assets in established basins known for long-term productivity. Its portfolio includes working interests and non-operated positions in key U.S. regions such as the Williston Basin in North Dakota, the Permian Basin in Texas and New Mexico, and the Powder River Basin in Wyoming. These areas provide a balanced mix of conventional and unconventional production opportunities, allowing U.S. Energy to maintain steady cash flows while participating in high-potential drilling programs led by experienced operators.
U.S. Energy Corp. operates with a flexible, partnership-driven approach rather than maintaining large-scale in-house drilling operations. The company selectively invests in projects where it can leverage technical expertise and regional relationships to optimize returns. This strategy reduces overhead and capital exposure, enabling the company to scale production in favorable market conditions while preserving liquidity during downturns. It also engages in active portfolio management—selling, acquiring, or trading interests to concentrate on higher-margin, lower-decline assets that can sustain long-term production.
Throughout its history, U.S. Energy Corp. has demonstrated adaptability to changing industry dynamics. From its mining origins to its current focus on domestic energy production, the company has steadily evolved into a lean, upstream-focused organization. Its operations are grounded in traditional exploration and development practices, yet guided by a disciplined financial approach that prioritizes shareholder value through prudent capital allocation and consistent participation in U.S. oil and gas growth regions.