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U.S. Energy Corp.
U.S. Energy Corp. Enters Into Oil and Gas Participation Agreement With Houston Energy L.P.
RIVERTON, Wyo., April 1, 2009 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (Nasdaq:USEG) ("USE" or the "Company"), a natural resources exploration and development company with interests in molybdenum, oil and gas, geothermal, and real estate assets, today announced that it has entered into a Participation Agreement with Houston, Texas-based Houston Energy L.P. ("HE") to acquire a 10% working interest in an oil and gas prospect located in Southeast Texas. HE will be the operator of the contract area and is a privately held, independent oil and gas company exploring the Offshore Gulf of Mexico, South Louisiana, Texas Gulf Coast, West Texas, and Southeastern New Mexico.