U.S. Energy Corp. provided a corporate update and announced changes in the management structure of the company. The Board of Directors appointed Mr. David Veltri, President & Chief Operating Officer to the additional position of Chief Executive Officer.

Mr. Veltri will implement and oversee the company transition to Denver. The Board accepted the resignation of Mr. Keith G. Larsen, Chief Executive Officer and Chairman of the Board, effective September 25, 2015. The Board accepted resignations from Mr. Steven Richmon d, Chief Financial Officer, and Mr. Bryon Mowry, Principal Accounting Officer and Corporate Secretary, effective year end 2015 or earlier contingent upon transition timelines.

An effort to hire a suitable replacement for Mr. Richmond as the company Chief Financial Officer is currently underway by the transition team and they are looking to fill the position in the near term in order to begin the transition process for the company accounting function to the new Denver, Colorado office.