U.S. Energy has been able to aggressively cut costs both across drilling and completion (D&C) costs as well as Lease Operating Expense (LOE) in 2020. These costs savings have been driven by the current commodity environment as well as continued efficiencies that U.S. Energy has been able to realize after drilling over 2,000 wells in the past 40 years.
Additionally, U.S. Energy has a long operating history with our service providers and these relationships have allowed the firm to negotiate better pricing with many partners.