John A Weinzierl Form 4 US ENERGY / John A Weinzierl ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Weinzierl John A

(Last) (First) (Middle)

1616 S VOSS RD, SUITE 530

(Street)

HOUSTON, TX 77057

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
US ENERGY CORP [ USEG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
Chairman

3. Date of Earliest Transaction (Month/Day/Year)
07/19/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/19/2022		J(1)		6,568,828(1)	D	$0(1)	0	I	Lubbock Energy Partners LLC
Common Stock	07/19/2022		J(1)		3,071,914(2)	A	$0(2)	3,071,914	I	Katla Energy Holdings LLC
Common Stock	07/20/2022		J(2)		1,781,651(3)	A	$0(3)	4,853,565	I	Katla Energy Holdings LLC
Common Stock								200,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Weinzierl John A

(Last) (First) (Middle)

1616 S VOSS RD, SUITE 530

(Street)

HOUSTON, TX 77057

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Katla Energy Holdings LLC

(Last) (First) (Middle)

1616 S VOSS RD, SUITE 530

(Street)

HOUSTON TX 77057

(City) (State) (Zip)

Explanation of Responses:

1. Disposition by Lubbock of 6,143,828 shares pro rata to its members, Katla and WDM Family Partnership, LP, for no consideration and 425,000 shares to certain individuals as compensation for services provided to Lubbock.

2. Acquisition by Katla of 3,071,914 shares as a distribution from Lubbock for no consideration.

3. Acquisition by Katla of 1,781,651 shares as a distribution from Synergy Offshore LLC for no consideration.

Remarks:

This Form 4 is made jointly by John A. Weinzierl and Katla Energy Holdings LLC ("Katla"). Mr. Weinzierl is the 100% owner of all of the equity of Katla. Mr. Weinzierl is also an officer (Chairman) and director of U.S. Energy Corp. Katla owned a 50% member interest in Lubbock Energy Partners LLC ("Lubbock"), and Mr. Weinzierl served as one of two managers of Lubbock.

	/s/ John A. Weinzierl, individually and as Managing Member of Katla Energy Holdings LLC	08/05/2022
	** Signature of Reporting Person	Date
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