Wyoming-based U.S. Energy Corp. said Tuesday that its majority-owned subsidiary has obtained $1.8 million of equity funding from three investors.
Proceeds from the investment in Rocky Mountain Gas Inc. will be used for development work on producing coalbed methane properties in the Wyoming Powder River Basin recently purchased from Hi-Pro Production LLC and for working capital.
U.S. Energy Corp. and Crested Corp. do business as USECC, which owns interests in uranium properties in Utah and Wyoming.
The U.S. housing market is historically overvalued. Moody’s says these cities may see prices drop up to 10%