U.S. Energy Closes Sale of East Texas Assets

MT Newswires Live

2025/01/01

U.S. Energy (USEG) said Tuesday it has closed the sale of assets in East Texas.

The company said the cash proceeds of about $6.8 million will be used to fund the development of its industrial gas project in Montana.

"U.S. Energy is now poised with greater liquidity and a stronger balance sheet, enabling us to focus on our growth into a leading industrial gas company," said Chief Executive Officer Ryan Smith.

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