U.S. Energy Corp. (Nasdaq:USEG), today reported that it has scheduled a conference call and webcast to review and discuss the first quarter of 2012 highlights and financial results.

Conference Call

First Quarter 2012 Conference Call Information:

When: Tuesday, May 15, 2012 at 10:00 AM MDT (12:00 PM Eastern, 11:00 AM Central, 9:00 AM Pacific).

Dial-In Number:  (877) 291-1296 (within U.S. and Canada), (720) 259-9209 (International).

Replay Number:  (855) 859-2056 (within U.S. and Canada), (404) 537-3406 (International).

Conference ID:  79624359. The replay of the call will be available starting at approximately 1:00 PM MDT (3:00 PM EDT) and will be available for 3 days subsequent to the call taking place, through midnight Friday, May 18, 2012.

Webcast: Investors are also invited to listen to a live and/or archived webcast of U.S. Energy Corp.'s quarterly conference call at http://investor.usnrg.com/events.cfm. The webcast replay will be available for one year.

About U.S. Energy Corp.

U.S. Energy Corp. is a natural resource exploration and development company with a primary focus on the exploration and development of its oil and gas assets. The Company also owns the Mount Emmons molybdenum deposit located in west central Colorado. The Company is headquartered in Riverton, Wyoming and trades on the NASDAQ Capital Market under the symbol "USEG".

The U.S. Energy Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5043

CONTACT:  Reggie Larsen
          Director of Investor Relations
          U.S. Energy Corp. 
          1-800-776-9271
          Reggie@usnrg.com
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