# EDGAR Filing Document

**Accession Number:** 0000101594
**File Stem:** 0001437749-25-032465
**Filing Date:** 2025-10
**Character Count:** 11742
**Document Hash:** bf0f93d4e2de11ce64cc56028c086afa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-25-032465.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0001437749-25-032465

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** US ENERGY CORP
- **CENTRAL INDEX KEY:** 0000101594
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 830205516
- **STATE OF INCORPORATION:** WY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-31542
- **FILM NUMBER:** 251437408

**BUSINESS ADDRESS:**
- **STREET 1:** 1616 S. VOSS, SUITE 725
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77057
- **BUSINESS PHONE:** 303 993 3200

**MAIL ADDRESS:**
- **STREET 1:** 1616 S. VOSS, SUITE 725
- **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:** King Duane H
- **CENTRAL INDEX KEY:** 0001903594

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/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 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 6)**

**US ENERGY CORP**

*(Name of Issuer)*

**COMMON STOCK, $0.01 PAR VALUE**

*(Title of Class of Securities)*

**911805307**

*(CUSIP Number)*

**Duane H. King**<br>1401 Lake Plaza Dr.<br>Suite 200-185<br>Spring TX 77389<br>(713) 827-9988

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**10/28/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **911805307** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**King Duane H** | Name of reporting person<br>**King Duane H** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**2548641.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**2548641.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2548641.00** | Aggregate amount beneficially owned by each reporting person<br>**2548641.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**7.2%** | Percent of class represented by amount in Row (11)<br>**7.2%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** * Sole power includes 2,548,641 shares of Common Stock owned directly by King Oil and Gas, Inc. ("KOG").  Duane H. King is the sole shareholder, director and officer of KOG. Sole power also includes shares restricted stock issued pursuant to award agreements subject to time-based vesting, including 168,913 shares of Common Stock that are currently fully vested and 20,000 shares of Common Stock that vest on January 1, 2026, subject to Mr. King's continued services to the Issuer.  These shares exclude shares of Common Stock that are owned and controlled by Katla Energy Holdings, LLC.

** Does not include shares of Common Stock held by the Separately Filing Group Members (as defined in the Original Schedule 13D, Item 2). The percentage is based on information provided by the Issuer as of October 9, 2025, reflecting 35,634,729 shares of Common Stock of the Issuer outstanding as of such date.

| **CUSIP No.** | **911805307** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**King Oil and Gas, Inc.** | Name of reporting person<br>**King Oil and Gas, Inc.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**TEXAS** | Citizenship or place of organization<br>**TEXAS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**2359728.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**2359728.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2359728.00** | Aggregate amount beneficially owned by each reporting person<br>**2359728.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.6%** | Percent of class represented by amount in Row (11)<br>**6.6%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** *These shares of Common Stock are owned directly by King Oil and Gas, Inc. ("KOG"). Duane H. King is the sole shareholder, director and officer of King Oil and Gas, Inc. These shares exclude shares of Common Stock that are owned and controlled by Katla Energy Holdings, LLC.

** Does not include shares of Common Stock held by the Separately Filing Group Members (as defined in the Original Schedule 13D, Item 2). The percentage is based on information provided by the Issuer as of October 9, 2025, reflecting 35,634,729 shares of Common Stock of the Issuer outstanding as of such date.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
COMMON STOCK, $0.01 PAR VALUE

**(b) Name of Issuer:**
US ENERGY CORP

**(c) Address of Issuer's Principal Executive Offices:**
1616 S. VOSS, SUITE 725, HOUSTON, TX, 77057

This Amendment No. 6 ("Amendment No. 6") amends those Items set forth below with respect to the Amendment No. 5 filed on January 22, 2025 ("Amendment No. 5"), Amendment No. 4 filed on September 20, 2024 ("Amendment No. 4"), the Amendment No. 3 filed on June 27, 2024 ("Amendment No. 3"), Amendment No. 2 filed on September 16, 2022 ("Amendment No. 2"), and Schedule 13D filed on July 22, 2022 ("Amendment No. 1") by the Reporting Persons, which in turn, amended the original Schedule 13D filed on January 11, 2022 (the "Original Schedule 13D") (Amendment No. 6, Amendment No. 5, Amendment No. 4, Amendment No. 3, Amendment No. 2, Amendment No. 1 and the Original 13D are hereinafter referred to as the "Schedule 13D). Except as expressly amended hereby, all information in Amendment No. 4, Amendment No. 3, Amendment No. 2, Amendment No. 1 and the Original Schedule 13D is incorporated by reference. All capitalized terms used herein and not otherwise defined shall have the same meaning as in the Original Schedule 13D.

**Item 4. Purpose of Transaction**

Item 4 of the Original Schedule 13D is hereby amended to add each of the following paragraphs below:

The information set forth in Item 3 is hereby incorporated by reference into this Item 4.

On February 14, 2025, the Issuer granted 40,000 shares of Common Stock to Mr. King in consideration for services rendered and agreed to be rendered to the Issuer as a member of the Board of Directors of the Issuer.  Such shares of Common Stock are subject to vesting 50% on July, 1, 2025 and 50% on January 1, 2026, subject to King's continued service to the Issuer.

On October 28, 2025, Synergy distributed all of the 1,400,000 shares of Common Stock owned by it to SPP, and SPP distributed all of such shares to its members, including 796,761 shares to Katla and 332,329 shares to King Oil.

**Item 5. Interest in Securities of the Issuer**

**(a)**
The information provided in Items 2, 3 and 4 of this Schedule 13D is incorporated by reference herein.

Pursuant to the Nominating and Voting Agreement dated January 5, 2022, if Synergy made a distribution to its members, for so long as the shares of Common Stock are held by those members, the Nominating and Voting Agreement requires those members to vote their shares in accordance with the terms and conditions of the Nominating and Voting Agreement. This Nominating and Voting Agreement was amended as of September 16, 2022, in which the former members of Synergy, except for King Oil and Gas, Inc. and Katla Energy Holdings, LLC, are no longer required to vote the Issuer's shares in accordance with the Amended and Restated Nominating and Voting Agreement. As a result, this amendment reduces the number of shares with a "Shared Vote," to reflect that King Oil and Gas, Inc. is bound by the voting provisions of the Amended and Restated Nominating and Voting Agreement. Katla Energy Holdings, LLC ("Katla") shares derived from Synergy are not reported herein either. The Reporting Persons continue to exclude all shares held by the Separately Filing Persons in connection with the numbers of shares reported herein, and the Katla shares of Common Stock derived from Synergy are not reported herein.

The percentages of beneficial ownership disclosed in this Schedule 13D are based on an aggregate of 35,634,729 shares of Common Stock outstanding as of October 9, 2025, based on information furnished by the Issuer.

**(b)**
—

**(c)**
—

### 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.

**Reporting Person:** King Duane H

**Signature:** /s/ Duane H. King

**Name/Title:** Duane H. King

**Date:** 10/30/2025

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.

**Reporting Person:** King Oil and Gas, Inc.

**Signature:** /s/ Duane H. King

**Name/Title:** Duane H. King - President

**Date:** 10/30/2025