U.S. Energy Corp. Announces Entry Into Binding Agreement For Sale Of East Texas Properties
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U.S. Energy Corp. has entered into a binding agreement to sell its East Texas properties, with the transaction expected to close by December 31, 2024, pending customary conditions.
December 13, 2024 | 11:30 am
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U.S. Energy Corp. has signed a binding agreement to sell its East Texas assets, with the transaction expected to close by the end of 2024, subject to customary conditions.
The sale of East Texas assets could positively impact U.S. Energy's stock price by improving its balance sheet and focusing on core operations. The transaction's completion by year-end adds certainty.
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