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EXHIBIT 10.1
 
 
 
 
 
 
CAWLEY, GILLESPIE & ASSOCIATES, INC.
PETROLEUM CONSULTANTS
         
9601 AMBERGLEN BLVD., SUITE 117
 
306 WEST SEVENTH STREET, SUITE 302
 
1000 LOUISIANA STREET, SUITE 625
AUSTIN, TEXAS 78729-1106
 
FORT WORTH, TEXAS 76102-4987
 
HOUSTON, TEXAS 77002-5008
512-249-7000
 
817-336-2461
 
713-651-9944
FAX 512-233-2618
 
FAX 817-877-3728
 
FAX 713-651-9980
   
www.cgaus.com
   

 

CONSENT OF CAWLEY, GILLESPIE & ASSOCIATES, INC.

We hereby consent to the incorporation by reference on Form 10-Q prepared by
U.S. Energy Corp. (the “Company”) for the quarter ended June 30, 2010, of
information contained in our report relating to certain estimated quantities of
the Company’s proved reserves of oil and gas, future net income and discounted
future net income, effective June 30, 2010.  We further consent to inferred
references to our firm under the headings “Oil and Gas Production,” “Oil and Gas
Exploration and Development,” and “Results of Operations.”

Very truly yours,
 

 

 
/s/ W. Todd Brooker
W. Todd Brooker, P.E.
Vice President
Cawley, Gillespie & Associates, Inc.
Texas Registered Engineering Firm F-693

Austin, Texas
August 6, 2010