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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 LYGVqgtk1trx8NgSnHlm64oLePuVH5jn+8ubQkTvgBJg8R1mW5mzZHdawYGYY7Kq
 mcSmXkI6Ak1GbXDbN/7aWQ==

<SEC-DOCUMENT>0000905148-08-004872.txt : 20081121
<SEC-HEADER>0000905148-08-004872.hdr.sgml : 20081121
<ACCEPTANCE-DATETIME>20081121184433
ACCESSION NUMBER:		0000905148-08-004872
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20081110
FILED AS OF DATE:		20081121
DATE AS OF CHANGE:		20081121

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Hart Mark L III
		CENTRAL INDEX KEY:			0001407232

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-06814
		FILM NUMBER:		081208813

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		817-870-0400

	MAIL ADDRESS:	
		STREET 1:		201 MAIN STREET
		STREET 2:		SUITE 1800
		CITY:			FORTH WORTH
		STATE:			TX
		ZIP:			76102

ISSUER:		

	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:			1231

	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

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Corriente Advisors, LLC
		CENTRAL INDEX KEY:			0001406718
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-06814
		FILM NUMBER:		081208814

	BUSINESS ADDRESS:	
		STREET 1:		201 MAIN STREET
		STREET 2:		SUITE 1800
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76102
		BUSINESS PHONE:		8178700400

	MAIL ADDRESS:	
		STREET 1:		201 MAIN STREET
		STREET 2:		SUITE 1800
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76102
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>efc8-1561_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0203</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2008-11-10</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000101594</issuerCik>
        <issuerName>US ENERGY CORP</issuerName>
        <issuerTradingSymbol>USEG</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001406718</rptOwnerCik>
            <rptOwnerName>Corriente Advisors, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>201 MAIN STREET</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1800</rptOwnerStreet2>
            <rptOwnerCity>FORT WORTH</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>76102</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001407232</rptOwnerCik>
            <rptOwnerName>Hart Mark L III</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>201 MAIN STREET</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1800</rptOwnerStreet2>
            <rptOwnerCity>FORTH WORTH</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>76102</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>COMMON STOCK</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2258294</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">This statement is jointly filed by and on behalf of each of Corriente Advisors, LLC and Mark L. Hart III.  Corriente Advisors
 acts as an investment adviser to, and manages investment and trading accounts of, other persons, including Corriente Master
 Fund, L.P.  Corriente Advisors may be deemed, through investment advisory contracts or otherwise, to beneficially own
 securities owned by other persons, including Corriente Master Fund, L.P.  Mr. Hart is the Chairman and Chief Executive
 Officer of Corriente Advisors, LLC and may be deemed to beneficially own securities owned by Corriente Advisors.</footnote>
        <footnote id="F2">These shares of the issuer's common stock, par value $.01 per share (&quot;Shares&quot;) are held for the account Corriente Master
 Fund, L.P.  Reporting persons hold approximately 10.09% (2,258,294 Shares of the issuer).  Reporting persons exceeded the
 10% threshold due to a change in the number of the issuer's total shares outstanding as a result of the issuer's
 repurchases.   As per the information provided by the issuer on its most recently filed quarterly report on Form 10-Q, there
 were  22,389,050 shares outstanding.</footnote>
        <footnote id="F3">Each reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that
 such person is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities covered by this
 statement. Each reporting person disclaims beneficial ownership of the securities covered by this statement, except to the
 extent of the pecuniary interest of such person in such securities.</footnote>
        <footnote id="F4">Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the
 purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor
 anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the
 Act or any other purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited
 partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or
 otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any syndicate or group with respect
 to the issuer or any securities of the issuer.</footnote>
    </footnotes>

    <remarks>Exhibit 99.1 - Joint Filing Agreement</remarks>

    <ownerSignature>
        <signatureName>By: /s/ James E. Haddaway, Chief Financial Officer and Chief Operating Officer</signatureName>
        <signatureDate>2008-11-21</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>By:  /s/ Mark L. Hart III, Chairman and Chief Executive Officer</signatureName>
        <signatureDate>2008-11-21</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>efc8-1561_ex991.txt
<TEXT>
                                  EXHIBIT 99.1


                             JOINT FILING AGREEMENT

                  Pursuant to and in accordance with the Securities Exchange Act
of 1934,as amended, and the rules and regulations thereunder, each party hereto
hereby agrees to the joint filing, on behalf of each of them, of any filing
required by such party under Section 13 or Section 16 of the Exchange Act or any
rule or regulation thereunder (including any amendment, restatement, supplement,
and/or exhibit thereto) with the Securities and Exchange Commission (and, if
such security is registered on a national securities exchange, also with the
exchange), and further agrees to the filing, furnishing, and/or incorporation by
reference of this agreement as an exhibit thereto. This agreement shall remain
in full force and effect until revoked by any party hereto in a signed writing
provided to each other party hereto, and then only with respect to such revoking
party.

                  IN WITNESS WHEREOF, each party hereto, being duly authorized,
has caused this agreement to be executed and effective as of the date first
written above.

Date: November 21, 2008                     CORRIENTE ADVISORS, LLC


                                            By:
                                               /s/ James E. Haddaway
                                               ---------------------
                                            Name:  James E. Haddaway
                                            Title: Chief Financial Officer and
                                                   Chief Operating Officer


Date: November 21, 2008                     MARK L. HART III


                                            /s/ Mark L. Hart III
                                            --------------------
                                            Name:  Mark L. Hart III
                                            Title: Chairman and
                                                   Chief Executive Officer



</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
