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US Energy Corp. Enters Buda Limestone JV With Private Company

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May 8, 2014

U.S. Energy Corp. (NASDAQ: USEG) entered into a participation agreement covering lands in Dimmit County, Texas with a private South Texas-based oil and gas company, it said May 8. That company is the seller under the agreement, U.S. Energy noted.

It acquired 33% of that company's interest in some 12,100 gross (3,384 net) acres. There are 3,870 gross (1,080 net) acres of primary leasehold acreage and 8,080 gross (2,203 net) acres of farm-in acreage, the company said. These will be earned through a drilling program, U.S. Energy added. 

The farm-in ...


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