U.S. Energy Corp. Announces $6.825 Million Asset Sale In East Texas, Stock Surges
U.S. Energy Corp. Announces $6.825 Million Asset Sale In East Texas, Stock Surges
The divested assets consist of 122 wells with an average production of approximately 1.1 million cubic feet per day of natural gas and 168 barrels of oil per day for the quarter ending September 30, 2024. The assets generated about $136,000 per month in net cash flow, based on realized commodity prices of $72.99 per barrel for oil and $2.21 per thousand cubic feet for natural gas.U.S. Energy Corp. (NASDAQ:USEG) shares are trading higher following the announcement of a strategic asset sale in East Texas.
美國能源公司（納斯達克：USEG）的股票在宣佈東德克薩斯州的戰略資產銷售後交易上漲。
The company has executed definitive documents for the sale of certain assets located in Anderson, Chambers, Henderson and Liberty Counties. The transaction is expected to close on or before December 31, 2024, pending customary closing conditions.
該公司已爲出售位於安德森、錢伯斯、亨德森和利伯提縣的某些資產簽署了最終文件。交易預計將在2024年12月31日或之前完成，尚待常規交割條件。
The sale, valued at $6.825 million in cash proceeds, is part of U.S. Energy's ongoing efforts to streamline operations and focus on higher-growth opportunities.
此項價值682.5萬美元的銷售是美國能源公司持續努力精簡業務、專注於更高增長機會的一部分。
The divested assets consist of 122 wells with an average production of approximately 1.1 million cubic feet per day of natural gas and 168 barrels of oil per day for the quarter ending September 30, 2024. The assets generated about $136,000 per month in net cash flow, based on realized commodity prices of $72.99 per barrel for oil and $2.21 per thousand cubic feet for natural gas.
出售的資產包括122口井，平均日產天然氣約110萬立方英尺和168桶原油，數據截至2024年9月30日的季度。根據實現的商品價格，資產每月產生大約136,000美元的淨現金流，油價爲每桶72.99美元，天然氣爲每千立方英尺2.21美元。
U.S. Energy plans to use the proceeds from the sale to fund its industrial gas project in Montana, which is expected to provide significant growth opportunities. CEO Ryan Smith said the divestment would strengthen the company's liquidity and balance sheet while reducing exposure to non-core assets.
美國能源公司計劃利用銷售所得爲其在蒙大拿州的工業氣體項目提供資金，該項目預計將帶來顯著的增長機會。首席執行官瑞安·史密斯表示，此次剝離將增強公司的流動性和資產負債表，同時減少對非核心資產的風險敞口。
The transaction is part of a broader strategy to monetize legacy assets and allocate resources towards scalable and high-return projects, including the Montana industrial gas initiative. This move underscores U.S. Energy's commitment to refining its portfolio for future growth and operational efficiency.
此次交易是將傳統資產變現並將資源分配到可擴展和高回報項目的更廣泛策略的一部分，包括蒙大拿州的工業氣體計劃。這一舉措強調了美國能源公司致力於優化其投資組合以實現未來增長和運營效率的承諾。
Price Action: USEG shares are trading higher by 4.46% to $1.640 premarket at last check Friday.
價格動態：截至上週五最後一次檢查，USEG股票在盤前交易中上漲4.46%，報1.640美元。
Photo: Shutterstock
Photo: shutterstock
譯文內容由第三人軟體翻譯。
