U.S. Energy Corp. (USEG) reported that the company has begun completion operations on two Bakken Shale wells on its acreage in North Dakota. The wells were drilled under the Drilling Participation Agreement (DPA) signed with Brigham Exploration Company (BEXP).
The Sedlacek Trust 33-4 #1H and Sukut 28-33 #1H wells have both reached total depth and will begin completion operations in late June or early July 2010. These were the tenth and eleventh wells drilled under the DPA.
Sedlacek Trust 33-4 #1H - 44% working interest, and 35% net revenue interest.
Sukut 28-33 #1H well - 42% working interest, and 33% net revenue interest.
U.S. Energy Corp. expects to begin drilling the next four wells under the DPA during the third and fourth quarter of 2010.