WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from U.S. Energy Corp.'s Form 10-Q for the quarter ended February 28, 1995 and is qualified in its entirety by reference to such 10-Q filing. </LEGEND> <CIK> 00000101594 <NAME> U.S. ENERGY CORP. <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> MAY-31-1995 <PERIOD-END> FEB-28-1995 <CASH> 780,700 <SECURITIES> 0 <RECEIVABLES> 1,070,300 <ALLOWANCES> 25,100 <INVENTORY> 1,486,400 <CURRENT-ASSETS> 3,496,200 <PP&E> 26,890,800 <DEPRECIATION> 9,507,500 <TOTAL-ASSETS> 33,295,200 <CURRENT-LIABILITIES> 3,092,200 <BONDS> 918,700 <COMMON> 49,900 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 12,021,500 <TOTAL-LIABILITY-AND-EQUITY> 33,295,200 <SALES> 4,032,200 <TOTAL-REVENUES> 6,934,300 <CGS> 3,466,800 <TOTAL-COSTS> 5,315,500 <OTHER-EXPENSES> 2,873,100 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 175,000 <INCOME-PRETAX> (1,429,300) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,315,800) <EPS-PRIMARY> .27 <EPS-DILUTED> .27