On January 26, 2012, U.S. Energy Corp. (NASDAQ: USEG) announced that it completed the sale of an undivided 75% of its undeveloped leasehold in McKenzie County, North Dakota to GeoResources, Inc. (NASDAQ: GEOI) and Yuma Exploration and Production Company, Inc. (private company) for $16.7 million. The sale concerns two of USEG’s prospects in the Bakken shale, Yellowstone and SE HR (see map below), and were sold on January 20 and January24, respectively. USEG retained the remaining 25% interest in the undeveloped acreage, as well as its working in...


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