U.S. Energy Corp. is an oil and gas exploration and production company with onshore operations focused on acquiring, exploring, and developing oil, natural gas, and natural gas liquids properties across three U.S. regions: the Rockies (Montana and Wyoming), the Mid-Continent (Oklahoma and Texas), and West Texas and the Gulf Coast. The company generates revenue from the production and sale of these hydrocarbons to purchasers, and in recent years has begun development activities on industrial gas assets, which are currently in early stages and not yet revenue-generating. The company funds its operations and capital expenditures on property acquisitions and development through cash flow from hydrocarbon sales, borrowings from its credit facility, and equity financing arrangements.