US ENERGY CORP - Director's Dealing 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US ENERGY CORP (USEG)
CIK: 0000101594
Period of Report: 2007-03-27

Reporting Person: ANDERSON DON C (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-27	U.S. Energy Common Stock	J	953	$4.72	Acquired	42587	Direct

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Director Option 1 (Right to Buy)	$2.88	2008-09-24	U.S. Energy Common Stock (12500)	12500	Direct
Director Option 2 (Right to Buy)	$2.40	2011-01-09	U.S. Energy Common Stock (10000)	10000	Direct
Director Option 3 (Right to Buy)	$3.90	2011-12-07	U.S. Energy Common Stock (20000)	20000	Direct
Director Option 4 (Right to Buy)	$2.25	2011-12-06	U.S. Energy Common Stock (10000)	10000	Direct
Director Option 6 (Right to Buy)	$3.86	2015-10-13	U.S. Energy Common Stock (25000)	25000	Direct
Director/ Option(RTB)	$2.46	2014-06-30	U.S. Energy Common Stock (50000)	50000	Direct

F1: Shares issued as payment for services as a non-employee Director for calandar year 2006.

F2: Includes 39,532 shares held directly by the Reporting Person.

F3: Includes 3,055 shares held in an Individual Retirement Account (IRA) for the benefit of the Reporting Person.

F4: Options issued to Reporting Person as a member of the Issuer's Board of Directors.