Filing Details

Accession Number:
0001437749-25-002085
Form Type:
13D Filing
Publication Date:
2025-01-28 19:00:00
Filed By:
Batchelor Joshua Lane
Company:
Us Energy Corp (NASDAQ:USEG)
Filing Date:
2025-01-29
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Batchelor Joshua Lane 0 6,204,139 0 6,204,139 6,204,139 17.6%
Benjamin A. Stamets 0 6,204,139 0 6,204,139 6,204,139 17.2%
Sage Road Capital, LLC 0 6,204,139 0 6,204,139 6,204,139 17.6%
SRC Management Company, LP 0 148,913 0 148,913 148,913 0.4%
Banner Oil & Gas, LLC 0 5,089,101 0 5,089,101 5,089,101 14.5%
Woodford Petroleum, LLC 0 392,901 0 392,901 392,901 1.1%
Sage Road Energy II, LP 0 573,224 0 573,224 573,224 1.6%
Filing





If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Checkbox not checked

The information required on 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).






SCHEDULE 13D



Comment for Type of Reporting Person:
In his capacity as co-Managing Partner of Sage Road Capital, LLC, Mr. Batchelor may be deemed to beneficially own the shares of Common Stock held by Banner Oil & Gas, LLC, Woodford Petroleum, LLC Sage Road Energy II, LP, and SRC Management Company, LP, which entities Sage Road Capital, LLC indirectly controls and manages certain funds which own a majority interest of, as discussed below. Does not include shares of Common Stock held by the Separately Filing Group Members (as defined below in Item 2. The Reporting Persons (as defined below) believe that they and the Separately Filing Group Members together as a "group" may be deemed to collectively beneficially own in the aggregate 18,176,735 shares of the Issuer's Common Stock, or 51.7% of the Common Stock, as of the date of this Schedule 13D. Based on information provided by the Issuer as of January 27, 2025, reflecting 35,163,070 shares of Common Stock of the Issuer outstanding as of such date.


SCHEDULE 13D



Comment for Type of Reporting Person:
In his capacity as co-Managing Partner of Sage Road Capital, LLC, Mr. Stamets may be deemed to beneficially own the shares of Common Stock held by Banner Oil & Gas, LLC, Woodford Petroleum, LLC Sage Road Energy II, LP, and SRC Management Company, LP, which entities Sage Road Capital, LLC indirectly controls and manages certain funds which own a majority interest of, as discussed below. Does not include shares of Common Stock held by the Separately Filing Group Members (as defined below in Item 2. The Reporting Persons (as defined below) believe that they and the Separately Filing Group Members together as a "group" may be deemed to collectively beneficially own in the aggregate 18,176,735 shares of the Issuer's Common Stock, or 51.7% of the Common Stock, as of the date of this Schedule 13D. Based on information provided by the Issuer as of January 27, 2025, reflecting 35,163,070 shares of Common Stock of the Issuer outstanding as of such date.


SCHEDULE 13D



Comment for Type of Reporting Person:
Sage Road Capital, LLC, may be deemed to beneficially own the shares of Common Stock held by Banner Oil & Gas, LLC, Woodford Petroleum, LLC, Sage Road Energy II, LP, and SRC Management Company, LP, which Sage Road Capital, LLC, indirectly controls and manages certain funds which own a majority interest of, as discussed below. Does not include shares of Common Stock held by the Separately Filing Group Members (as defined below in Item 2. The Reporting Persons (as defined below) believe that they and the Separately Filing Group Members together as a "group" may be deemed to collectively beneficially own in the aggregate 18,176,735 shares of the Issuer's Common Stock, or 51.7% of the Common Stock, as of the date of this Schedule 13D. Based on information provided by the Issuer as of January 27, 2025, reflecting 35,163,070 shares of Common Stock of the Issuer outstanding as of such date.


SCHEDULE 13D



Comment for Type of Reporting Person:
Sage Road Capital, LLC, may be deemed to beneficially own the shares of Common Stock held by Banner Oil & Gas, LLC, Woodford Petroleum, LLC, Sage Road Energy II, LP, and SRC Management Company, LP, which Sage Road Capital, LLC, indirectly controls and manages certain funds which own a majority interest of, as discussed below. Does not include shares of Common Stock held by the Separately Filing Group Members (as defined below in Item 2. The Reporting Persons (as defined below) believe that they and the Separately Filing Group Members together as a "group" may be deemed to collectively beneficially own in the aggregate 18,176,735 shares of the Issuer's Common Stock, or 51.7% of the Common Stock, as of the date of this Schedule 13D. Based on information provided by the Issuer as of January 27, 2025, reflecting 35,163,070 shares of Common Stock of the Issuer outstanding as of such date.


SCHEDULE 13D



Comment for Type of Reporting Person:
Does not include shares of Common Stock held by the Separately Filing Group Members (as defined below in Item 2. The Reporting Persons (as defined below) believe that they and the Separately Filing Group Members together as a "group" may be deemed to collectively beneficially own in the aggregate 18,176,735 shares of the Issuer's Common Stock, or 51.7% of the Common Stock, as of the date of this Schedule 13D. Based on information provided by the Issuer as of January 27, 2025, reflecting 35,163,070 shares of Common Stock of the Issuer outstanding as of such date.


SCHEDULE 13D



Comment for Type of Reporting Person:
Does not include shares of Common Stock held by the Separately Filing Group Members (as defined below in Item 2. The Reporting Persons (as defined below) believe that they and the Separately Filing Group Members together as a "group" may be deemed to collectively beneficially own in the aggregate 18,176,735 shares of the Issuer's Common Stock, or 51.7% of the Common Stock, as of the date of this Schedule 13D. Based on information provided by the Issuer as of January 27, 2025, reflecting 35,163,070 shares of Common Stock of the Issuer outstanding as of such date.


SCHEDULE 13D



Comment for Type of Reporting Person:
Does not include shares of Common Stock held by the Separately Filing Group Members (as defined below in Item 2. The Reporting Persons (as defined below) believe that they and the Separately Filing Group Members together as a "group" may be deemed to collectively beneficially own in the aggregate 18,176,735 shares of the Issuer's Common Stock, or 51.7% of the Common Stock, as of the date of this Schedule 13D. Based on information provided by the Issuer as of January 27, 2025, reflecting 35,163,070 shares of Common Stock of the Issuer outstanding as of such date.


SCHEDULE 13D

 
Batchelor Joshua Lane
 
Signature:/s/ Joshua L. Batchelor
Name/Title:Joshua L. Batchelor
Date:01/29/2025
 
Benjamin A. Stamets
 
Signature:/s/ Benjamin A. Stamets
Name/Title:Benjamin A. Stamets
Date:01/29/2025
 
Sage Road Capital, LLC
 
Signature:/s/ Joshua L. Batchelor
Name/Title:Printed Name: Joshua L. Batchelor Its: Managing Partner
Date:01/29/2025
 
SRC Management Company, LP
 
Signature:/s/ Joshua L. Batchelor
Name/Title:Printed Name: Joshua L. Batchelor Its: Manager
Date:01/29/2025
 
Banner Oil & Gas, LLC
 
Signature:/s/ Joshua L. Batchelor
Name/Title:Printed Name: Joshua L. Batchelor Its: Manager
Date:01/29/2025
 
Woodford Petroleum, LLC
 
Signature:/s/ Joshua L. Batchelor
Name/Title:Printed Name: Joshua L. Batchelor Its: Manager
Date:01/29/2025
 
Sage Road Energy II, LP
 
Signature:/s/ Joshua L. Batchelor
Name/Title:Printed Name: Joshua L. Batchelor Its: Manager
Date:01/29/2025