BIG SKY INDUSTRIAL INC.

U.S. Energy Corp. is an industrial gas and energy company that acquires and develops industrial gases, oil, and natural gas producing properties within the continental United States. The company was incorporated in Wyoming on January 26, 1966, and reincorporated in Delaware on August 3, 2022. Its primary properties and operations are located in three regions: the Rockies region, specifically Montana and Wyoming; the Mid-Continent region, which includes Oklahoma and North and East Texas; and the Gulf Coast region. The company's fiscal year concludes on December 31st, with interim results reported quarterly for periods ending March 31st, June 30th, and September 30th, referred to as the first, second, and third quarters, respectively. The quarter ending December 31st is referenced as the fourth quarter. Fiscal 2025 refers to the year ended December 31, 2025, and fiscal 2024 refers to the year ended December 31, 2024.