U.S. Energy Corporation

01/18/2022 | Press release | Distributed by Public on 01/18/2022 16:08

Initial Statement of Beneficial Ownership (Form 3)

Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Batchelor Joshua Lane
2. Date of Event Requiring Statement (Month/Day/Year)
2022-01-05
3. Issuer Name and Ticker or Trading Symbol
US ENERGY CORP [USEG]
(Last) (First) (Middle)
2121 SAGE ROAD, SUITE 325 ,
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
/ Member of 10% owner group
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)
HOUSTON, TX 77056
6. Individual or Join/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security 2. Amount of Securities Beneficially Owned 3. Ownership Form: Direct (D) or Indirect (I) 4. Nature of Indirect Beneficial Ownership
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security 2. Date Exercisable and Expiration Date 3. Title and Amount of Securities Underlying Derivative Security 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) 6. Nature of Indirect Beneficial Ownership
Date Exercisable Expriation Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Batchelor Joshua Lane
2121 SAGE ROAD, SUITE 325

HOUSTON,, TX77056
X X
Member of 10% owner group
Sage Road Capital, LLC
2121 SAGE ROAD, SUITE 325

HOUSTON, TX77056

X
Member of 10% owner group
Banner Oil & Gas, LLC
2121 SAGE ROAD
SUITE 325
HOUSTON, TX77056

X
Member of 10% owner group
Woodford Petroleum, LLC
2121 SAGE ROAD
SUITE 325
HOUSTON, TX77056



Member of 10% owner group
Llano Energy LLC
2121 SAGE ROAD
SUITE 325
HOUSTON, TX77056



Member of 10% owner group
Stamets Benjamin Andrew
2121 SAGE ROAD, SUITE 325

HOUSTON, TX77056

X
Member of 10% owner group

Signatures

/s/ Joshua L. Batchelor 2022-01-18
**Signature of Reporting Person Date
/s/ Benjamin A. Stamets 2022-01-18
**Signature of Reporting Person Date
/s/ Joshua L. Batchelor, Managing Partner of Sage Road Capital, LLC 2022-01-18
**Signature of Reporting Person Date
/s/ Joshua L. Batchelor, Manager of Banner Oil & Gas, LLC 2022-01-18
**Signature of Reporting Person Date
/s/ Joshua L. Batchelor, Manager of Woodford Petroleum, LLC 2022-01-18
**Signature of Reporting Person Date
/s/ Joshua L. Batchelor, Manager of Llano Energy LLC 2022-01-18
**Signature of Reporting Person Date

Explanation of Responses:

(*) If the form is filed by more than one reporting person, see Instruction 5(b)(v).
(**) Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Excludes shares of common stock relating to the voting group described below under "Remarks", except as described in footnotes (2), (3) and (4).
(2) Represents shares of common stock, $0.01 par value per share of the Issuer, held by Banner Oil & Gas, LLC ("Banner"). The shares held by Banner may be deemed to be beneficially owned by Sage Road Capital, LLC ("Sage Road"), which indirectly controls Banner and manages certain funds which own a majority interest of Banner, and by Mr. Batchelor and Mr. Stamets, due to their status as co-Managing Partners of Sage Road. Mr. Batchelor and Mr. Stamets disclaim beneficial ownership of the securities reported herein except to the extent of each of their pecuniary interest therein.
(3) Represents shares of common stock, $0.01 par value per share of the Issuer, held by Woodford Petroleum, LLC ("Woodford"). The shares held by Woodford may be deemed to be beneficially owned by Sage Road, which indirectly controls Woodford and manages certain funds which own a majority interest of Woodford, and by Mr. Batchelor and Mr. Stamets, due to their status as co-Managing Partners of Sage Road. Mr. Batchelor and Mr. Stamets disclaim beneficial ownership of the securities reported herein except to the extent of each of their pecuniary interest therein.
(4) Represents shares of common stock, $0.01 par value per share of the Issuer, held by Llano Energy LLC ("Llano"). The shares held by Llano may be deemed to be beneficially owned by Sage Road, which indirectly controls Llano and manages certain funds which own a majority interest of Llano, and by Mr. Batchelor and Mr. Stamets, due to their status as co-Managing Partners of Sage Road. Mr. Batchelor and Mr. Stamets disclaim beneficial ownership of the securities reported herein except to the extent of each of their pecuniary interest therein.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.