US Energy Provides Bakken Operational Update -- Bakken, North Dakota, USA

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U.S. Energy Corp. has 18 producing wells in the Rough Rider acreage block under the drilling program with Brigham Exploration. To date, all fifteen of the Company's 1,280 acre spacing units are held by production and 4 additional infill wells are scheduled to be drilled and completed in the second half of 2011.

Completed wells during the second quarter of 2011.

• The Brad Olson 9-16 #3H well was completed with 32 fracture stimulation stages and had an early 24-hour flow back rate of 2,375 boed.
• The Kalil Farms 14-23 #1H well was completed with 33 fracture stimulation stages and had an initial flow back rate of 1,603 boed.
• The MacMaster 11-2 #1H well was completed with 34 fracture stimulation stages and had an initial flow back rate of 1,129 boed.
• Completion initiatives are currently underway at the Hovde 33-4 #1H well, and the well is currently flowing to sales.

Note: During the second quarter of 2011, production and completion operations in the Rough Rider area have been hampered by one of the worst winters in North Dakota history along with one of the wettest springs on record. Significant rainfall and flooding have continued to impact road travel, trucking of produced oil and access to numerous flooded sites in the basin. Thus far, only the Sedlacek Trust well has experienced site flooding, which will continue to impact production from that well until the water has receded.