U.S. Energy Corp. provided an initial production rate on three participated wells in the Williston Basin of North Dakota, an operational update, and reported the closing of its Montana Leasehold Sale.

Recently Completed Wells - Initial Production Rates

• The CDK 15-22 #1H well had an early 24-hour flow back rate of 1,449 BOE/D on a 36/64" restricted choke during drillout of the plugs. The initial production rate consisted of approximately 1,320 barrels of oil and 773 MCF of natural gas. The Company has an approximate 32% WI and 25% NRI in this well. • The Larsen 32-29 #1H well had an early 24-hour flow back rate of 1,215 BOE/D on a 28/64" restricted choke during drillout of the plugs. The initial production rate consisted of approximately 998 barrels of oil and 1,300 MCF of natural gas. The Company has an approximate 28% WI and 21% NRI in this well.

Tags: U.S. Energy Corp.