 HOUSTON, Oct. 05, 2021 GLOBE NEWSWIRE -- U.S. Energy Corp. NASDAQCM: USEG U.S. Energy or the Company today announced that it has entered into definitive purchase and sale agreements to purchase certain oil and gas assets the Acquired Assets from Lubbock Energy Partners LLC, Synergy Offshore LLC, and certain entities controlled by Sage Road Capital, LLC collectively, the Sellers. Under the terms of the agreements, U.S. Energy will issue 19,905,736 shares of common stock, pay 1.25 million of cash, and assume 3.3 million of indebtedness from the Sellers, equating to a total consideration of 99.5 million using U.S. Energys closing stock price on October 1, 2021 the Consideration and the Transactions. Upon completion of the Transactions, the Sellers will own approximately 80.8 and existing U.S. Energy shareholders will own approximately 19.2 of the Companys outstanding common stock. 