The U.S. Energy Information Administration forecast on Wednesday that Alaska's crude oil production would increase in 2026.

Brent crude oil prices are projected to average $73/bbl in 2025, down $7/bbl from 2024, according to Wood Mackenzie’s latest monthly oil market outlook.

President, Scott Stauth, commented on the Company's 2024 fourth quarter and year end results, "2024 was an excellent year for us, as we achieved strong growth and set several new production records ...

Total Q4 daily production averaged 971 Boe/d; oil production averaged 595 Bbl/d. “2024 was a defining year for U.S. Energy (USEG) as we began ...

At our world class Oil Sands Mining and Upgrading assets, we achieved record quarterly and annual Synthetic Crude Oil ("SCO") production of approximately 535,000 bbl/d and 472,000 bbl/d respectively.