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BS - U.S. Energy Corp. Highlights - April 14, 2020
U.S. Energy Corp. acquired New Horizon Resources, LLC. The consideration consisted of 59,498 common shares and $150,000 cash, valuing the deal around $400,000. The properties are comprised of 1,300 net acres (100% HBP) with an average 63% WI primarily in McKenzie and Divide counties, North Dakota. Net production for the six months that ended Dec. 31 was 30 boe/d (88% oil). As of YE19, the properties held total proved reserves of 101,968 boe (65%......
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