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US Energy Approves $33MM Budget, Completes Williston Basin Wells

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January 7, 2013

U.S. Energy Corp. (Nasdaq: USEG) reported its 2013 oil and gas and Mount Emmons capital expenditure budgets and provided an operational update on its oil and gas initiatives.

In December 2012, the company's board of directors approved a $27.1 million oil and gas capital expenditure budget for 2013. The company has allocated an estimated $7.1 million to be spent in the Williston Basin of North Dakota under its three current drilling programs. This amount is subject to upward adjustment depending on the pace of development with operators other than Brigham ...

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