U.S. Energy Provides Operational Update

Source: www.gulfoilandgas.com 7/17/2013, Location: North America

U.S. Energy Corp., provided an operational update.

Operations Update

South Texas - Buda Limestone formation

The Beeler #2H well located in the Booth-Tortuga acreage block in Dimmit County, Texas produced approximately 45,000 gross BOE during the first 60 days of production, or an average of 750 gross BOE/D. The Company participates in approximately 10,140 gross acres which are prospective for the Buda formation and has an approximate 30% working interest and an approximate 22.8% net revenue interest in the acreage.

Two additional wells in the Booth-Tortuga acreage block targeting the Buda Limestone formation are now scheduled to be drilled in succession. The Beeler #3H well is currently scheduled to spud on July 20, 2013. The Beeler #4H well is currently scheduled to spud in late August 2013.

Williston Basin, North Dakota Bakken and Three Forks formations

The Caper 1-15-22H (Bakken Formation) well was completed with 35 fracture stimulation stages mid-June with an early peak 24-hour production rate of 2,063 BOE/D. The well produced 16,137 BOE during the first 11 days of production or an average of 1,543 BOE/D. The Company has an approximate 1.30% working interest ("WI") and a 1.02% net revenue interest ("NRI") in the well.

The Rogers 1-12 #1TFH (Three Forks Formation) well was completed with 35 fracture stimulation stages in mid-June with an early peak 24-hour production rate of 825 BOE/D on a 42/64 choke. The initial production rate consisted of approximately 696 barrels of oil and 776 MCF of natural gas. The Company has an approximate 9.36% WI and a 7.30% NRI in the well.

The Dobias 152-103-32-29-11TFH (Three Forks Formation) well was completed with 35 fracture stimulation stages in the first week in July with an early peak 24-hour production rate of 1,326 BOE/D on a 38/64 choke. The initial production rate consisted of approximately 1,179 barrels of oil and 884 MCF of natural gas. The Company has an approximate 1.91% WI and a 1.49% NRI in the well.

The Dobias 152-103-32-29-#1H (Bakken Formation) well was completed with 35 fracture stimulation stages in the second week of July with an early peak 24-hour production rate of 1,399 BOE/D on a 52/64 choke. The initial production rate consisted of approximately 1,203 barrels of oil and 1,176 MCF of natural gas. The Company has an approximate 1.91% WI and a 1.49% NRI in the well.

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