M&A: US ENERGY CORP

Form Type: 8-K

Filing Date: 2024-12-31

Corporate Action: Acquisition

Type: New

Accession Number: 000143774924038605

Comments: On December 31, 2024, U.S. Energy Corp. completed the sale of its oil and gas producing properties to 84 Resources Holdings, LLC for a total consideration of $6.825 million, subject to customary adjustments. The properties included 122 wells, oil and gas leases, surface rights, and relevant contracts located primarily in Liberty and Henderson Counties, Texas. This transaction follows the execution of a Purchase and Sale Agreement on December 12, 2024, and was announced via a press release issued on the completion date. The sale was part of a strategic maneuver to divest certain assets and align the company's operations. Additional exhibits include pro forma financial information reflecting the impact of the sale.

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