0001493152-22-002735.txt : 20220131
0001493152-22-002735.hdr.sgml : 20220131
20220131164220
ACCESSION NUMBER: 0001493152-22-002735
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220117
FILED AS OF DATE: 20220131
DATE AS OF CHANGE: 20220131
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Batchelor Joshua Lane
CENTRAL INDEX KEY: 0001903548
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-06814
FILM NUMBER: 22574563
MAIL ADDRESS:
STREET 1: 2121 SAGE ROAD, SUITE 325
CITY: HOUSTON
STATE: TX
ZIP: 77056
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Woodford Petroleum, LLC
CENTRAL INDEX KEY: 0001903542
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-06814
FILM NUMBER: 22574560
BUSINESS ADDRESS:
STREET 1: P.O. BOX 1328
CITY: SPRING
STATE: TX
ZIP: 77383
BUSINESS PHONE: 713-364-1400
MAIL ADDRESS:
STREET 1: 2121 SAGE ROAD
STREET 2: SUITE 325
CITY: HOUSTON
STATE: TX
ZIP: 77056
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Sage Road Capital, LLC
CENTRAL INDEX KEY: 0001903543
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-06814
FILM NUMBER: 22574562
BUSINESS ADDRESS:
STREET 1: 2121 SAGE ROAD
STREET 2: SUITE 325
CITY: HOUSTON
STATE: TX
ZIP: 77056
BUSINESS PHONE: 713-364-1400
MAIL ADDRESS:
STREET 1: 2121 SAGE ROAD
STREET 2: SUITE 325
CITY: HOUSTON
STATE: TX
ZIP: 77056
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Stamets Benjamin Andrew
CENTRAL INDEX KEY: 0001904963
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-06814
FILM NUMBER: 22574558
MAIL ADDRESS:
STREET 1: 2121 SAGE ROAD
STREET 2: SUITE 325
CITY: HOUSTON
STATE: TX
ZIP: 77056
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Banner Oil & Gas, LLC
CENTRAL INDEX KEY: 0001903556
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-06814
FILM NUMBER: 22574561
BUSINESS ADDRESS:
STREET 1: 10011 SOUTH PENNSYLVANIA AVE.
CITY: OKLAHOMA CITY
STATE: OK
ZIP: 73159
BUSINESS PHONE: 713-364-1400
MAIL ADDRESS:
STREET 1: 2121 SAGE ROAD
STREET 2: SUITE 325
CITY: HOUSTON
STATE: TX
ZIP: 77056
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Llano Energy LLC
CENTRAL INDEX KEY: 0001903563
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-06814
FILM NUMBER: 22574559
BUSINESS ADDRESS:
STREET 1: P.O. BOX 369
CITY: STILLWATER
STATE: OK
ZIP: 74076
BUSINESS PHONE: 713-364-1400
MAIL ADDRESS:
STREET 1: 2121 SAGE ROAD
STREET 2: SUITE 325
CITY: HOUSTON
STATE: TX
ZIP: 77056
ISSUER:
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
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
4
1
ownership.xml
X0306
4
2022-01-17
0
0000101594
US ENERGY CORP
USEG
0001903548
Batchelor Joshua Lane
2121 SAGE ROAD, SUITE 325
HOUSTON,
TX
77056
1
0
1
1
Member of 10% owner group
0001903543
Sage Road Capital, LLC
2121 SAGE ROAD, SUITE 325
HOUSTON,
TX
77056
0
0
1
1
Member of 10% owner group
0001903556
Banner Oil & Gas, LLC
2121 SAGE ROAD, SUITE 325
HOUSTON,
TX
77056
0
0
1
1
Member of 10% owner group
0001903542
Woodford Petroleum, LLC
2121 SAGE ROAD, SUITE 325
HOUSTON,
TX
77056
0
0
0
1
Member of 10% owner group
0001903563
Llano Energy LLC
2121 SAGE ROAD, SUITE 325
HOUSTON,
TX
77056
0
0
0
1
Member of 10% owner group
0001904963
Stamets Benjamin Andrew
2121 SAGE ROAD, SUITE 325
HOUSTON,
TX
77056
0
0
1
1
Member of 10% owner group
Common Stock
2022-01-17
4
A
0
40000
0
A
40000
D
Common Stock
5668121
D
Common Stock
434130
D
Common Stock
688273
D
Represents restricted stock shares subject to time-based vesting, which vest at the rate of (a) 1/4th of such shares on January 17, 2022, and (b) 1/4th of such shares on the last day of each six months thereafter for the following eighteen months, subject to the recipient's continued service to the Issuer.
Excludes shares of common stock relating to the voting group included under "Remarks", except as described in footnotes (5), (6) and (7).
Issued to the Reporting Person in consideration for services rendered and agreed to be rendered to the Issuer as a member of the Board of Directors of the Issuer.
Represents shares of shares of common stock, $0.01 par value per share of the Issuer, held by Mr. Joshua L. Batchelor.
Represents shares of common stock, $0.01 par value per share of the Issuer, held by Banner Oil & Gas, LLC ("Banner"). The shares held by Banner may be deemed to be beneficially owned by Sage Road Capital, LLC ("Sage Road"), which indirectly controls Banner and manages certain funds which own a majority interest of Banner, and by Mr. Batchelor and Mr. Stamets, due to their status as co-Managing Partners of Sage Road. Mr. Batchelor and Mr. Stamets disclaim beneficial ownership of the securities reported herein except to the extent of each of their pecuniary interest therein.
Represents shares of common stock, $0.01 par value per share of the Issuer, held by Woodford Petroleum, LLC ("Woodford"). The shares held by Woodford may be deemed to be beneficially owned by Sage Road, which indirectly controls Woodford and manages certain funds which own a majority interest of Woodford, and by Mr. Batchelor and Mr. Stamets, due to their status as co-Managing Partners of Sage Road. Mr. Batchelor and Mr. Stamets disclaim beneficial ownership of the securities reported herein except to the extent of each of their pecuniary interest therein.
Represents shares of common stock, $0.01 par value per share of the Issuer, held by Llano Energy LLC ("Llano"). The shares held by Llano may be deemed to be beneficially owned by Sage Road, which indirectly controls Llano and manages certain funds which own a majority interest of Llano, and by Mr. Batchelor and Mr. Stamets, due to their status as co-Managing Partners of Sage Road. Mr. Batchelor and Mr. Stamets disclaim beneficial ownership of the securities reported herein except to the extent of each of their pecuniary interest therein.
By virtue of being party to a Nominating and Voting Agreement, dated as of January 5, 2022 (the "Voting Agreement"), Banner, Woodford and Llano, and Sage Road and Mr. Batchelor and Mr. Stamets, due to their control of such entities, may be deemed to be a member of a "group" for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), with respect to the securities reported herein with the other parties who are bound by the Voting Agreement and their control persons, which such "group" beneficially owns, in the aggregate, more than 10% of the outstanding shares of common stock of the Issuer. In addition to Banner, Woodford and Llano, the parties to the Voting Agreement are the Issuer, Lubbock Energy Partners LLC; and Synergy Offshore LLC. Separately, the control persons of the other parties to the Voting Agreement may also be part of the Section 13(d) "group".The reporting persons disclaim beneficial ownership of any securities owned by any of the other signatories to the Voting Agreement (and/or their control persons) and the filing of this Form 4 shall not be deemed an admission, for purposes of Section 16 of the Exchange Act or otherwise, that any of the reporting persons and any other person or persons constitute a "group" for purposes of Section 13(d)(3) of the Exchange Act or Rule 13d-5 thereunder. In addition, none of the reporting persons have any pecuniary interest in any of the securities beneficially owned by any of the other signatories to the Voting Agreement (and/or their control persons).For a description of the Voting Agreement, see the Current Report on Form 8-K filed by the Issuer with the United States Securities and Exchange Commission on January 10, 2022.
/s/ Joshua L. Batchelor
2022-01-31
/s/ Benjamin A. Stamets
2022-01-31
/s/ Joshua L. Batchelor, Managing Partner of Sage Road Capital, LLC
2022-01-31
/s/ Joshua L. Batchelor, Manager of Banner Oil & Gas, LLC
2022-01-31
/s/ Joshua L. Batchelor, Manager of Woodford Petroleum, LLC
2022-01-31
/s/ Joshua L. Batchelor, Manager of Llano Energy LLC
2022-01-31