<SEC-DOCUMENT>0001615774-17-002492.txt : 20170517
<SEC-HEADER>0001615774-17-002492.hdr.sgml : 20170517
<ACCEPTANCE-DATETIME>20170517123451
ACCESSION NUMBER:		0001615774-17-002492
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170508
FILED AS OF DATE:		20170517
DATE AS OF CHANGE:		20170517

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			US ENERGY CORP
		CENTRAL INDEX KEY:			0000101594
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				830205516
		STATE OF INCORPORATION:			WY
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		4643 S. ULSTER STREET
		STREET 2:		SUITE 970
		CITY:			DENVER
		STATE:			CO
		ZIP:			80237
		BUSINESS PHONE:		303 993 3200

	MAIL ADDRESS:	
		STREET 1:		4643 S. ULSTER STREET
		STREET 2:		SUITE 970
		CITY:			DENVER
		STATE:			CO
		ZIP:			80237

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WESTERN STATES MINING INC
		DATE OF NAME CHANGE:	19851229

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Pico Javier F
		CENTRAL INDEX KEY:			0001706900

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-06814
		FILM NUMBER:		17850794

	MAIL ADDRESS:	
		STREET 1:		C/O U.S. ENERGY CORP.
		STREET 2:		4643 SOUTH ULSTER STREET, SUITE 970
		CITY:			DENVER
		STATE:			CO
		ZIP:			80209
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<SEQUENCE>1
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<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2017-05-08</periodOfReport>

    <noSecuritiesOwned>1</noSecuritiesOwned>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001706900</rptOwnerCik>
            <rptOwnerName>Pico Javier F</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O U.S. ENERGY CORP.</rptOwnerStreet1>
            <rptOwnerStreet2>4643 SOUTH ULSTER STREET, SUITE 970</rptOwnerStreet2>
            <rptOwnerCity>DENVER</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80209</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <remarks>EXHIBIT 24.1 Power of Attorney</remarks>

    <ownerSignature>
        <signatureName>/s/ Peter E. Grandey as attorney-in-fact for Javier F. Pico</signatureName>
        <signatureDate>2017-05-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>s106243_241.htm
<DESCRIPTION>EX-24
<TEXT>
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<P STYLE="margin: 0"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">LIMITED POWER OF ATTORNEY</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">Know all by these present, that the undersigned
hereby constitutes and appoints <B>Ken S. Witt and Peter E. Grandey, </B>each acting alone, as the undersigned&rsquo;s true and
lawful attorney-in-fact to:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.55in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD>execute for and on behalf of the undersigned, in the undersigned&rsquo;s capacity as an officer and/or director of U.S. Energy
Corp. (the <B><I>&ldquo;Company&rdquo;), </I></B>Forms 3, 4 and 5 (including amendments thereto) in accordance with Section 16(a)
of the Securities Exchange Act of 1934 and the rules and regulations thereunder and any Form ID, Uniform Application for Access
Codes to File on Edgar, or Update Passphrase Form;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.55in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD><FONT STYLE="letter-spacing: -0.15pt">do and perform any and all acts for and on behalf of the undersigned which may be necessary
or desirable to complete and execute any such Forms 3, 4 or 5, Form ID or Update Passphrase Form and timely file such forms (including
amendments thereto) and application with the United States Securities and Exchange Commission and any stock exchange or similar
authority; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">The undersigned hereby grants to each
such attorney-in-fact full power and authority to do and perform only those acts and thing whatsoever requisite, necessary or proper
to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned
might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that
such attorney-in-fact, or such attorney-in-fact&rsquo;s substitute or substitutes, shall lawfully do or cause to be done by virtue
of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact,
in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned&rsquo;s
responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">The undersigned agrees that each such
attorney-in-fact herein may rely entirely on information furnished only in writing by the undersigned to such attorney-in-fact.
The undersigned also agrees to indemnify and hold harmless the Company and each such attorney-in-fact against any losses, claims,
damages or liabilities (or actions in these respects) that arise out of or are based upon any untrue statements or omission of
necessary facts in the information provided by the undersigned to such attorney-in fact for purposes of executing, acknowledging,
delivering or filing Forms 3, 4 or 5 (including amendments thereto), Form ID or Update Passphrase Form and agrees to reimburse
the Company and such attorney-in-fact for any legal or other expenses reasonably incurred in connection with investigating or defending
against any such loss, claim, damage, liability or action.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">This Power of Attorney supersedes any
power of attorney previously executed by the undersigned regarding the purposes outlined in the first paragraph hereof <B><I>(&ldquo;Prior
Powers of Attorney&rdquo;), </I></B>and the authority of the attorneys-in-fact named in any Prior Powers of Attorney is hereby
revoked.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">This Power of Attorney shall remain in
full force and effect until the undersigned is no longer required to file Forms 3, 4 or 5 with respect to the undersigned&rsquo;s
holdings of and transactions in securities issued by the Company, unless earlier (a) revoked by the undersigned in a signed writing
delivered to the foregoing attorneys-in-fact or (b) superseded by a new power of attorney regarding the purposes outlined in the
first paragraph hereof dated as of a later date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.5in; text-indent: 0.5in"><FONT STYLE="letter-spacing: 0.05pt">IN
WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this  8th day of May,
2017.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in"><U>/s/ Javier F. Pico&#9;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in"><B>Javier F. Pico</B></P>



<P STYLE="margin: 0"></P>

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