New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 18, 2014
08:34 EDTUSEGU.S. Energy reports sale of certain assets for $12.2M
U.S. Energy reported the sale of certain of its Williston Basin assets for $12.2M to an undisclosed buyer. On May 27, the company entered into a Purchase and Sale Agreement to sell certain Williston Basin assets that were originally acquired by the company in 2012. Under the terms of the sale agreement, the company sold its interest in approximately 285.70 net acres and 16 gross producing wells in Williams and McKenzie Counties, North Dakota. The transaction closed on June 17 and the effective date of the sale is January 1. When acquired in 2012, the company paid $1.4M in acquisition costs for the acreage, which included 8 gross producing wells. During 2013, the wells produced an average of approximately net 52 BOE/D. Our December 31, 2013 reserve report reflected 370,583 BOE and $8.7M PV-10 for the properties.
News For USEG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 10, 2014
08:18 EDTUSEGU.S. Energy reports Q3 adjusted EPS 0c, one estimate 4c
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use