# EDGAR Filing Document

**Accession Number:** 0001903597
**File Stem:** 0001493152-23-001652
**Filing Date:** 2023-1
**Character Count:** 12781
**Document Hash:** 0a8e254cf5f49d4bff82f6a87c70636d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-001652.hdr.sgml**: 20230117

**ACCESSION NUMBER**: 0001493152-23-001652

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230117

**DATE AS OF CHANGE**: 20230117

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** US ENERGY CORP
- **CENTRAL INDEX KEY:** 0000101594
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **IRS NUMBER:** 830205516
- **STATE OF INCORPORATION:** WY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-31542
- **FILM NUMBER:** 23532272

**BUSINESS ADDRESS:**
- **STREET 1:** 675 BERING, SUITE 100
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77057
- **BUSINESS PHONE:** 303 993 3200

**MAIL ADDRESS:**
- **STREET 1:** 675 BERING, SUITE 100
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77057

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTERN STATES MINING INC
- **DATE OF NAME CHANGE:** 19851229
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hightower Lee
- **CENTRAL INDEX KEY:** 0001903597

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**MAIL ADDRESS:**
- **STREET 1:** 9821 KATY FREEWAY
- **STREET 2:** SUITE 805
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77024

**UNITED STATES**

**Securities and Exchange Commission**

**Washington, D.C. 20549**

**Schedule 13G**

Under the Securities Exchange Act of 1934

(Amendment No. 1)\*

**U.S. Energy Corporation**

(Name of Issuer)

**COMMON STOCK, $0.01 PAR VALUE**

(Title of Class of Securities)

**911805307**

(CUSIP Number)

**December 31, 2022**

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 911805307

---

| | | | |
|:---|:---|:---|:---|
| 1 | Name of Reporting Persons<br>Lee Hightower, Trustee | Name of Reporting Persons<br>Lee Hightower, Trustee | Name of Reporting Persons<br>Lee Hightower, Trustee |
| 2 | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) ☐ (b) ☒ | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) ☐ (b) ☒ | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) ☐ (b) ☒ |
| 3 | **SEC** Use Only | **SEC** Use Only | **SEC** Use Only |
| 4 | Citizenship or Place of Organization<br>United States of America | Citizenship or Place of Organization<br>United States of America | Citizenship or Place of Organization<br>United States of America |
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 5 | Sole Voting Power<br> 857,433 shares |
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 6 | Shared Voting Power<br> 1,714,867 shares\* |
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 7 | Sole Dispositive Power<br> 0 shares\*\* |
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 8 | Shared Dispositive Power<br> 0 shares \*\* |
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 1,714,867 shares\* | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 1,714,867 shares\* | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 1,714,867 shares\* |
| 10 | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)<br> ☐ | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)<br> ☐ | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)<br> ☐ |
| 11 | Percent of Class Represented by Amount in Row (9)<br> 6.85%\*\*\* | Percent of Class Represented by Amount in Row (9)<br> 6.85%\*\*\* | Percent of Class Represented by Amount in Row (9)<br> 6.85%\*\*\* |
| 12 | Type of Reporting Person<br> IN | Type of Reporting Person<br> IN | Type of Reporting Person<br> IN |

---

\* These shares of Common Stock of the Issuer are beneficially owned by Lee Hightower, as Trustee of the Hightower 2021 Descendants' Trust, and Melanie Hightower, as Trustee of the Melanie Hightower 2021 Family Trust. Lee and Melanie are husband and wife, and retain the right to vote these shares pursuant to the terms of the trusts. See Item 4 below.

\*\* Lee and Melanie Hightower, as trustees, do not have the right to transfer or dispose of any shares of Common Stock of the Issuer because special trustees were appointed for this purpose in accordance with the terms of the trusts.

\*\*\* The percentage is based on information provided by the Issuer on November 10, 2022 reflecting 25,023,812 shares of Common Stock of the Issuer outstanding as of November 8, 2022.

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CUSIP No. 911805307

---

| | | | |
|:---|:---|:---|:---|
| 1 | Name of Reporting Persons<br>Melanie Hightower, Trustee | Name of Reporting Persons<br>Melanie Hightower, Trustee | Name of Reporting Persons<br>Melanie Hightower, Trustee |
| 2 | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) ☐ (b) ☒ | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) ☐ (b) ☒ | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) ☐ (b) ☒ |
| 3 | **SEC** Use Only | **SEC** Use Only | **SEC** Use Only |
| 4 | Citizenship or Place of Organization<br>United States of America | Citizenship or Place of Organization<br>United States of America | Citizenship or Place of Organization<br>United States of America |
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 5 | Sole Voting Power<br> 857,434 shares |
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 6 | Shared Voting Power<br> 1,714,867 shares\* |
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 7 | Sole Dispositive Power<br> 0 shares\*\* |
| Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | Number of<br> Shares<br> Beneficially<br> Owned by<br> Each<br> Reporting<br> Person With | 8 | Shared Dispositive Power<br> 0 shares \*\* |
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 1,714,867 shares\* | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 1,714,867 shares\* | Aggregate Amount Beneficially Owned by Each Reporting Person<br> 1,714,867 shares\* |
| 10 | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)<br> ☐ | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)<br> ☐ | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)<br> ☐ |
| 11 | Percent of Class Represented by Amount in Row (9)<br> 6.85%\*\*\* | Percent of Class Represented by Amount in Row (9)<br> 6.85%\*\*\* | Percent of Class Represented by Amount in Row (9)<br> 6.85%\*\*\* |
| 12 | Type of Reporting Person<br> IN | Type of Reporting Person<br> IN | Type of Reporting Person<br> IN |

---

\* These shares of Common Stock of the Issuer are beneficially owned by Lee Hightower, as Trustee of the Hightower 2021 Descendants' Trust, and Melanie Hightower, as Trustee of the Melanie Hightower 2021 Family Trust. Lee and Melanie are husband and wife, and retain the right to vote these shares pursuant to the terms of the trusts. See Item 4 below.

\*\* Lee and Melanie Hightower, as trustees, do not have the right to transfer or dispose of any shares of Common Stock of the Issuer because special trustees were appointed for this purpose in accordance with the terms of the trusts.

\*\*\* The percentage is based on information provided by the Issuer on November 10, 2022 reflecting 25,023,812 shares of Common Stock of the Issuer outstanding as of November 8, 2022.

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**Item 1**.

(a) Name
 of Issuer: U.S. Energy Corporation

(b) Address
 of Issuer's Principal Executive Offices:

1616 S. Voss Road

Houston, Texas 77057

**Item 2.**

(a) Name
 of Persons Filing:

&nbsp;&nbsp;&nbsp;&nbsp;1. Lee
 Hightower, Trustee of the Hightower 2021 Descendants' Trust

2. Melanie
 Hightower, Trustee of the Melanie Hightower 2021 Family Trust

(b) Residence
 Address:

5744 Shady River Drive

Houston, Texas 77057

(c) Citizenship:
 United States

(d) Title
 of Class of Securities: Common Stock, $0.01 par value per share

(e) CUSIP
 Number: No. 911805307

**Item 3.** If this statement is filed pursuant to §§240.13d-l(b) or 240.13d-2(b) or (c), check whether the person filing is a:

Not applicable.

**Item 4.** Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Amount
 beneficially owned: 1,714,867 shares of Common Stock held of record by the Reporting Persons of which 857,433 shares are held for
 the purpose of voting by Lee Hightower, Trustee of the Hightower 2021 Descendants' Trust, and 857,434 shares are held for the
 purpose of voting by Melanie Hightower, Trustee of the Melanie Hightower 2021 Family Trust. Lee and Melanie are husband and wife,
 and retain the right to vote these shares as trustees of these trusts.

(b) Percent
 of class: 6.85%

(c) Number
 of shares as to which the person has:

---

| | |
|:---|:---|
| (i) | Sole power to vote or to direct the vote: |
|  | Lee Hightower as Trustee of Hightower 2021 Descendants' Trust: 857,433 |
|  | Melanie Hightower as Trustee of Melanie Hightower 2021 Family Trust: 857,434 |
| (ii) | Shared power to vote or to direct the vote: As to both Trusts: 1,714,867 |
| (iii) | Sole power to dispose or to direct the disposition of: 0 |
| (iv) | Shared power to dispose or to direct the disposition of: 0 |

---

**Item 5.** Ownership of Five Percent or Less of a Class.

Not applicable.

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**Item 6.** Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

**Item 7**. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

Not applicable.

**Item 8**. Identification and Classification of Members of the Group. Not applicable.

**Item 9.** Notice of Dissolution of Group. Not applicable.

**Item 10.** Certifications.

By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Sec. 240.14a-11.

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**SIGNATURE**

After reasonable inquiry, and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: January 15, 2023

---

| | |
|:---|:---|
| **Hightower 2021 Descendants' Trust** | **Hightower 2021 Descendants' Trust** |
| By: | */s/ Lee Hightower* |
| Name: | Lee Hightower |
| Title: | Trustee |
| **Melanie Hightower 2021 Family Trust** | **Melanie Hightower 2021 Family Trust** |
| By: | */s/ Melanie Hightower* |
| Name: | Melanie Hightower |
| Title: | Trustee |

---

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