Exhibit 99.1 U.S. Energy Corp. Reports Financial and Operating Results for First Quarter 2024 HOUSTON, May 9, 2024 — U.S. Energy Corporation (NASDAQ: USEG, “U.S. Energy” or the “Company”), a growth-focused energy company engaged in operating a portfolio of high-quality producing oil and natural gas assets, today reported financial and operating results for the three months ended March 31, 2024. FIRST QUARTER 2024 HIGHLIGHTS ● Net daily production of 1,207 barrels of oil equivalent per day (“Boe/d”); ● Oil p ...