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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
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<SEC-DOCUMENT>0001028269-02-000157.txt : 20020903
<SEC-HEADER>0001028269-02-000157.hdr.sgml : 20020903
<ACCEPTANCE-DATETIME>20020903151002
ACCESSION NUMBER:		0001028269-02-000157
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020831
FILED AS OF DATE:		20020903
<REPORTING-OWNER>

COMPANY DATA:	
	COMPANY CONFORMED NAME:			HERRON HAROLD F
	CENTRAL INDEX KEY:			0001065873
<RELATIONSHIP>DIRECTOR

FILING VALUES:
	FORM TYPE:		4

BUSINESS ADDRESS:	
	STREET 1:		877 NORTH 8TH WEST
	CITY:			RIVERTON
	STATE:			WY
	ZIP:			82501
	BUSINESS PHONE:		3078569271
</REPORTING-OWNER>

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			US ENERGY CORP
		CENTRAL INDEX KEY:			0000101594
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				830205516
		STATE OF INCORPORATION:			WY
		FISCAL YEAR END:			0531

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-06814
		FILM NUMBER:		02755267

	BUSINESS ADDRESS:	
		STREET 1:		877 NORTH 8TH WEST
		STREET 2:		GLEN L LARSEN BLDG
		CITY:			RIVERTON
		STATE:			WY
		ZIP:			82501
		BUSINESS PHONE:		3078569271

	MAIL ADDRESS:	
		STREET 1:		877 NORTH 8TH WEST
		CITY:			RIVERTON
		STATE:			WY
		ZIP:			82501

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WESTERN STATES MINING INC
		DATE OF NAME CHANGE:	19851229
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.txt
<DESCRIPTION>FORM 4 -   AUGUST 31, 2002
<TEXT>
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
       HERRON, HAROLD F.
       877 NORTH 8TH WEST
       RIVERTON, WY  82501
   USA
2. Issuer Name and Ticker or Trading Symbol
       U.S. ENERGY CORP.
       USEG
3. IRS or Social Security Number of Reporting Person (Voluntary)

4. Statement for Month/Year
     August 31, 2002
5. If Amendment, Date of Original (Month/Year)

6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   (X) Director (X) 10% Owner (X) Officer (give title below) ( ) Other
   (specify below)
   VICE PRESIDENT
7. Individual or Joint/Group Filing (Check Applicable Line)
   (X) Form filed by One Reporting Person
   ( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned                                                 |
___________________________________________________________________________________________________________________________________|
1. Title of Security       |2.    |3.    |4.Securities Acquired (A)         |5.Amount of        |6.Dir |7.Nature of Indirect       |
                           | Transaction |  or Disposed of (D)              |  Securities       |ect   |  Beneficial Ownership     |
                           |      |      |                                  |  Beneficially     |(D)or |                           |
                           |      |    | |                  | A/|           |  Owned at         |Indir |                           |
                           | Date |Code|V|    Amount        | D |    Price  |  End of Month     |ect(I)|                           |
___________________________________________________________________________________________________________________________________|
<S>                        <C>    <C>  <C><C>               <C> <C>         <C>                 <C>    <C>
    $.01 Par Value Common S|N/A   |    | |NONE              |   |N/A        |49,486             |D (a) |                           |
tock                       |      |    | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
    $.01 Par Value Common S|N/A   |    | |NONE              |   |N/A        |71,013             |D (b) |                           |
tock                       |      |    | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
    $.01 Par Value Common S|N/A   |    | |NONE              |   |N/A        |2,895              |I (c) |By Wife                    |
tock                       |      |    | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
    $.01 Par Value Common S|N/A   |    | |NONE              |   |N/A        |24,236             |I (d) |ESOP Benef.                |
tock                       |      |    | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
    $.01 Par Value Common S|N/A   |    | |NONE              |   |N/A        |163,648            |I (e) |Relatives' ESOP            |
tock                       |      |    | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
    $.01 Par Value Common S|N/A   |    | |NONE              |   |N/A        |155,811            |I (f) |ESOP Trustee               |
tock                       |      |    | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
    $.01 Par Value Common S|N/A   |    | |NONE              |   |N/A        |12,000             |I (g) |Custodial                  |
tock                       |      |    | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
    $.01 Par Value Common S|N/A   |    | |NONE              |   |N/A        |125,556            |I (h) |By Plateau                 |
tock                       |      |    | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
    $.01 Par Value Common S|N/A   |    | |NONE              |   |N/A        |1,581              |I (i) |By NWG                     |
tock                       |      |    | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned                                                   |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con-  |3.   |4.    |5.Number of De |6.Date Exer|7.Title and Amount  |8.Price|9.Number    |10.|11.Nature of|
  Security            |version |Transaction | rivative Secu |cisable and|  of Underlying     |of Deri|of Deriva   |Dir|Indirect    |
                      |or Exer |     |      | rities Acqui  |Expiration |  Securities        |vative |tive        |ect|Beneficial  |
                      |cise    |     |      | red(A) or Dis |Date(Month/|                    |Secu   |Securities  |(D)|Ownership   |
                      |Price of|     |      | posed of(D)   |Day/Year)  |                    |rity   |Benefi      |or |            |
                      |Deriva- |     |      |               |Date |Expir|                    |       |ficially    |Ind|            |
                      |tive    |     |      |           | A/|Exer-|ation|   Title and Number |       |Owned at    |ire|            |
                      |Secu-   |     |    | |           | D |cisa-|Date |   of Shares        |       |End of      |ct |            |
                      |rity    |Date |Code|V|  Amount   |   |ble  |     |                    |       |Month       |(I)|            |
___________________________________________________________________________________________________________________________________|
<S>                   <C>      <C>   <C>  <C><C>        <C> <C>   <C>   <C>          <C>     <C>     <C>          <C> <C>
 Stock Option (Right t|$2.875/s|     |    | |           |   |12/04|09/25|Common Stock|34,782 |       |34,782      |D  |            |
o Buy) (j)            |h       |     |    | |           |   |/98  |/08  |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
 Stock Option (Right t|$2.00/sh|     |    | |           |   |12/04|09/25|Common Stock|40,218 |       |40,218      |D  |            |
o Buy) (j)            |        |     |    | |           |   |/98  |/08  |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
 Stock Option (Right t|$2.40/sh|     |    | |           |   |01/10|01/09|Common Stock|96,900 |       |41,667      |D  |            |
o Buy) (j)            |        |     |    | |           |   |/01  |/11  |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
 Stock Option (Right t|$3.90/sh|     |    | |           |   |12/07|12/06|Common Stock|100,000|       |55,233      |D  |            |
o Buy) (k)            |        |     |    | |           |   |/01  |/11  |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
 Stock Option (Right t|$2.25/sh|08/08|A   | |97,000     |A  |08/08|12/07|Common Stock|97,000 |       |97,000      |D  |            |
o Buy) (k)            |        |/02  |    | |           |   |/02  |/11  |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
                      |        |     |    | |           |   |     |     |            |       |       |            |   |            |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
Attachment to Form 4 dated August 30,
2002.
(a)     Consists of 38,486 shares held directly by the Reporting Person and
11,000 shares held in an Individual Retirement Account for the benefit of the
Reporting
Person.
(b)     Consists of 18,900 shares and 52,113  subject to forfeiture.  The
18,900 shares, issued under the USEG Restricted Stock Bonus Plan, are
deemed "earned out" by the Reorting Person: (i) if he is continuously employed
by USEG until he retires; (ii) if he becomes disabled; (iii) upon his death,
or (iv) if the shares are claimed within three years following the occurrence
of (i), (ii) or (iii).  The 52,113 shares, issued under the 1996 Stock Award
program, vest at the rate of 20% each year over a five year period and are
subject to the forfeiture conditions noted previously.  The treasurer of
USEG holds the shares in trust for the benefit of the Reporting Person, while
the non-employee directors of USEG exercise shared voting and
dispositive rights over all 61,013 shares.  The shares do not come under the
control of the Reporting Person until termination of employment.  The total
number of shares is presently reported; distributions to the Reporting Person
will not be separately reported.  The acquisitions of the shares by the
Reporting Person from both the Bonus Plan and the Award Program are exempt
under Rule 16b-3.
(c)   Consists of shares held directly by the Reporting Person's
wife.
(d)   Consists of shares held in the U.S. Energy Corp. Employee Stock Ownership
Plan ( the "ESOP") in an account established for the benefit of the
Reporting
Person.
(e)   Consists of shares held in ESOP accounts established to benefit members
of the Reporting Person's "immediate family", as that term is defined in
Rule 16 a-1(e), in accordance with Rule
16a-8(b)(2).
(f)   Consists of shares held in the ESOP which are not allocated to accounts
established for the benefit of specific plan participants.  The Reporting
Person, as an ESOP Trustee, exercises the voting powers with respect to such
unallocated shares.
(g)   Consists of shares indirectly held by the Reporting Person through his
minor children.  The Reporting Person is Custodian over 3,000 shares,
while his brother-in-law, Mark J. Larsen, is Custodian over 9,000 shares for
the children under the Wyoming Uniform Transfers to Minors Act.
(h)   Consists of shares held by Plateau Resources Limited ("Plateau"), a
wholly-owned subsidiary of USEG.  The Reporting Person is an officer and
director of both USEG and Plateau.  The Reporting Person is not a controlling
shareholder of Plateau, and therefore the Reporting Person does not have
a pecuniary interest in the USEG shares held by Plateau, under Rule
16a-1(a)(2)(iii).
(i)   Consists of shares held by Northwest Gold, Inc. ("NWG"), a subsidiary of
USEG.  The Reporting Person is an officer and director of both USEG
and NWG.  The Reporting Person is not a controlling shareholder of NWG, and
therefore the Reporting Person does not have a pecuniary interest in the
USEG shares held by NWG, under Rule
16a-1(a)(2)(iii).
(j)   Stock options granted under the Issuer's 1998 Incentive Stock Option
Plan, and exempt under Rule 16b-3.
(k)  Stock options granted under the Issuer's 2001 Incentive Stock Option Plan,
and exempt under Rule 16b-3.
NOTE:    Pursuant to SEC Rule 16a-1(a)(2), information on Plateau and NWG is
not required, however, Registrant has undertaken
              comprehensive disclosure and reports shares held by Plateau and
NWG as indirectly owned by the Reporting Person.
              The Reporting Person disclaims beneficial and pecuniary interest
in the shares reported under footnotes c, e, f, g, h and  i.
SIGNATURE OF REPORTING PERSON
   /s/   HAROLD F. HERRON
DATE
   August 30, 2002

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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