US Energy (USEG) Reports Q1 Loss of $0.03
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U.S. Energy Corp. Announces First Quarter 2018 Results
May 14, 2018 6:00 AM EDTDENVER, May 14, 2018 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQCM: USEG) (U.S. Energy or the Company) today announced financial and operational results for the first quarter ended March 31, 2018.Â
Highlights
Production of 37,413 BOE, or daily production of 416 BOEPD, a 5% sequential increase;Oil and gas revenues of $1.6 million, a 23% sequential increase;Lease operating expenses of $0.4 million or $11.33 per BOE;Cash and cash equivalents of $2.1 million at 3/31/2018;Total outstanding debt of $0.9 million at 3/31/2018;Shares outstanding of 12,460,220 at... More