by reference. The information contained in this Current Report and Exhibit 99.1 hereto shall not be deemed “ filed ” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”) or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, except as expressly set forth by specific reference in such a filing. The Company is making…

Director — Randall Keys: The director's term expired at the annual meeting and he was not renominated, which is a standard governance process rather than a sudden executive departure.

Director — Randall Keys: The filing discloses the routine expiration of a director's term and decision not to stand for re-election, which is a standard board turnover event rather than a sudden executive departure.

by reference. The information contained in this Current Report and Exhibit 99.1 hereto shall not be deemed “ filed ” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”) or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, except as expressly set forth by specific reference in such a filing. The Company is making…

Entry into a Material Definitive Agreement. On April 24, 2026, U.S. Energy Corp. (“U.S. Energy,” “we,” “us” or the “Company”) entered into a Helium Sales Agreement (the “Helium Sales Agreement”) with an investment-grade industrial gas company with global distribution infrastructure (the “Counterparty”) for the sale of contained helium to be produced at the Company’s helium purification plant being constructed near Oilmont, Montana (the “Plant”), which plant is expected to process helium-beari…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in

Other Events. The availability of funds under the Credit Agreement, as amended, together with proceeds from the Company’s March 2026 equity offering, are expected to provide funding visibility into Phase 1 construction of the Company’s planned Big Sky Carbon Hub (for carbon capture, utilization and sequestration), with initial commercial operations targeted for Q1 2027. Following the entry into the Second Amendment, the Company has determined to suspend further use of its October 9, 2025, Com…

Entry into a Material Definitive Agreement. As previously reported in the Current Reports on Form 8-K filed by U.S. Energy Corp. (“U.S. Energy”, “we”, “us” or the “Company”) with the Securities and Exchange Commission (the “SEC” or the “Commission”) on January 10, 2022 and September 19, 2025, on January 5, 2022, the Company entered into a credit agreement (as amended and modified from time to time, the “Credit Agreement”) with Firstbank Southwest (“Firstbank”), as administrative agent for one…

by reference. The information contained in this Current Report and Exhibit 99.1 hereto shall not be deemed “ filed ” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”) or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, except as expressly set forth by specific reference in such a filing. The Company is making…

Entry into a Material Definitive Agreement. On March 9, 2026, U.S. Energy Corp. (the “ Company ”) entered into an underwriting agreement (the “ Underwriting Agreement ”) with Roth Capital Partners, LLC (the “ Underwriter ”), relating to the previously announced underwritten offering of 8,800,000 shares of common stock, par value $0.01 per share, of the Company (the “ Common Stock ”), at a price to the public of $1.00 per share (such offering, the “ Offering ”). The Underwriting Agreement cont…

Unregistered Sales of Equity Securities. As previously reported in the Current Report on Form 8-K filed by U.S. Energy Corp. (the “ Company ”, “ we ” and “ us ”) with the Securities and Exchange Commission (the “ Commission ”) on October 9, 2025 (the “ October 2025 Form 8-K ”), on October 9, 2025, the Company entered into a Common Stock Purchase Agreement (the “ Purchase Agreement ”) dated as of October 9, 2025, with Roth Principal Investments, LLC (“ Roth Principal Investments ”). Upon the t…

Unregistered Sales of Equity Securities. As previously reported in the Current Report on Form 8-K filed by U.S. Energy Corp. (the “ Company ”, “ we ” and “ us ”) with the Securities and Exchange Commission (the “ Commission ”) on October 9, 2025 (the “ October 2025 Form 8-K ”), on October 9, 2025, the Company entered into a Common Stock Purchase Agreement (the “ Purchase Agreement ”) dated as of October 9, 2025, with Roth Principal Investments, LLC (“ Roth Principal Investments ”). Upon the t…

by reference. The information contained in this Current Report and Exhibit 99.1 hereto shall not be deemed “ filed ” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”) or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, except as expressly set forth by specific reference in such a filing. The Company is making…

in its entirety. The securities that may be issued under the Purchase Agreement are being offered and sold by the Company in a transaction exempt from registration under the Securities Act, in reliance on Section 4(a)(2) thereof and Rule 506(b) of Regulation D thereunder. Roth Principal Investments represented to the Company in the Purchase Agreement that it is an “accredited investor,” as defined in Regulation D, and is acquiring the securities under the Purchase Agreement for its own accoun…

Entry into a Material Definitive Agreement. On October 9, 2025, U.S. Energy Corp. (the “ Company ”) entered into a Common Stock Purchase Agreement (the “ Purchase Agreement ”) and a related Registration Rights Agreement (the “ Registration Rights Agreement ”), each dated as of October 9, 2025, with Roth Principal Investments, LLC (“ Roth Principal Investments ”). Upon the terms and subject to the satisfaction of the conditions set forth in the Purchase Agreement, the Company will have the rig…

Entry into a Material Definitive Agreement. As previously reported in the Current Report on Form 8-K filed by U.S. Energy Corp. (“ U.S. Energy ”, “ we ”, “ us ” or the “ Company ”), with the Securities and Exchange Commission (the “ SEC ” or the “ Commission ”) on January 10, 2022, on January 5, 2022, the Company entered into a credit agreement (as amended and modified from time to time, the “ Credit Agreement ”) with Firstbank Southwest (“ Firstbank ”) as administrative agent for one or more…

by reference. The information contained in this Current Report and Exhibit 99.1 hereto shall not be deemed “ filed ” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”) or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, except as expressly set forth by specific reference in such a filing. The Company is making…

by reference. The information contained in this Current Report and Exhibit 99.1 hereto shall not be deemed “ filed ” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”) or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, except as expressly set forth by specific reference in such a filing. The Company is making…

Director — Joshua Batchelor: A director nominated by a significant shareholder (Banner) resigned without a replacement, reducing board size, but the departure was voluntary and unrelated to company disputes.

by reference. The information contained in this Current Report and Exhibit 99.1 hereto shall not be deemed “ filed ” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”) or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, except as expressly set forth by specific reference in such a filing. The Company is making…

Other Events. As of January 29, 2025, and after taking into account the cancellation of the Repurchase Shares, we have a total of 35,163,070 shares of Common Stock outstanding. On January 28, 2025, the Board of Directors of the Company authorized and approved an extension of the ongoing share repurchase program for up to $5.0 million of the currently outstanding shares of the Company’s common stock originally approved by the Board of Directors on April 26, 2023 and extended on March 19, 2024,…

Entry Into a Material Definitive Agreement. On January 27, 2025, U.S. Energy Corp. (the “ Company ”, “ we ” and “ us ”), entered into a Share Repurchase Agreement with Banner Oil & Gas, LLC (“ Banner ”), Woodford Petroleum, LLC (“ Woodford ”), and Sage Road Energy II, LP, (“ Sage Road ”, and together with Banner and Woodford, the “ Selling Stockholders ”). In his capacity as co-Managing Partner of Sage Road Capital, LLC, which indirectly controls and manages certain funds which own a majority…

Entry into a Material Definitive Agreement. On January 22, 2025, U.S. Energy Corp. (the “ Company ”) entered into an underwriting agreement (the “ Underwriting Agreement ”) with Roth Capital Partners, LLC (the “ Representative ”), as representative of the several underwriters named in the Underwriting Agreement (the “ Underwriters ”), relating to the previously announced underwritten offering of 4,236,000 shares of common stock, par value $0.01 per share, of the Company (the “ Common Stock ”)…

Entry into a Material Definitive Agreement. Purchase and Sale Agreement On January 7, 2025, U.S. Energy Corp. (the “ Company ”, “ we ” and “ us ”), entered into, and simultaneously closed the transactions contemplated by, a Purchase and Sale Agreement (the “ Purchase Agreement ”), with Synergy Offshore LLC (“ Synergy ”). Synergy is controlled by Mr. Duane H. King, a member of the Board of Directors of the Company, who serves as the Chief Executive Officer and Manager of Synergy, and John A. W…

Completion of Acquisition or Disposition of Assets. The information set forth in