U.S. Energy Corp. is an independent energy company. It is focused on the acquisition and development of oil and natural gas producing properties in the continental United States. Its properties and operations are in the Rockies region (Montana, Wyoming and North Dakota), the Mid-Continent (Oklahoma, Kansas and North and East Texas), West Texas, South Texas and Gulf Coast regions. It participates in oil and natural gas projects as both a non-operating working interest owner through exploration and development agreements with various oil and natural gas exploration and production companies and as an operator. It is also pursuing potential acquisitions of exploration, development and production-stage oil and natural gas properties or companies. It owns working interests in a geographically and geologically diverse portfolio of oil-weighted prospects in varying stages of exploration and development. Its oil and natural gas leases covered over 314,550 gross acres and 170,196 net acres.