US ENERGY CORP
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
BSIN$1.31-1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (unaudited)
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $2,006 | $3,351 |
| Oil and natural gas sales receivables | 2,088 | 2,336 |
| Marketable equity securities | 179 | 164 |
| Commodity derivative asset -current | 59 | 1,844 |
| Other current assets | 929 | 527 |
| Real estate assets held for sale, net of selling costs | 139 | 150 |
| Total current assets | 5,400 | 8,372 |
| Oil and natural gas properties under full cost method: | ||
| Unevaluated properties | - | - |
| Evaluated properties | 171,339 | 176,679 |
| Less accumulated depreciation, depletion and amortization | (108,250) | (106,504) |
| Net oil and natural gas properties | 63,089 | 70,175 |
| Other Assets: | ||
| Property and equipment, net | 842 | 899 |
| Right-of-use asset | 653 | 693 |
| Other assets | 286 | 305 |
| Total assets | $70,270 | $80,444 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $3,695 | $4,064 |
| Accrued compensation and benefits | 404 | 702 |
| Revenue and royalties payable | 4,937 | 4,857 |
| Asset retirement obligations - current | 1,273 | 1,273 |
| Current lease obligation | 186 | 182 |
| Total current liabilities | 10,495 | 11,078 |
| Noncurrent liabilities: | ||
| Credit facility | 5,000 | 5,000 |
| Asset retirement obligations - noncurrent | 17,452 | 17,217 |
| Long-term lease obligation, net of current portion | 564 | 611 |
| Deferred tax liability | 16 | 16 |
| Total liabilities | 33,527 | 33,922 |
| Commitments and contingencies (Note 8) | ||
| Shareholders’ equity: | ||
| Common stock, $0.01 par value; 245,000,000 shares authorized; 25,343,013 and 25,333,870 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | 253 | 253 |
| Additional paid-in capital | 218,161 | 218,403 |
| Accumulated deficit | (181,671) | (172,134) |
| Total shareholders’ equity | 36,743 | 46,522 |
| Total liabilities and shareholders’ equity | $70,270 | $80,444 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.