U.S. Energy Board Member Steps Down

No replacement expected as firm adjusts board size ahead of annual shareholder meeting.

April 23, 2025

Leadership Change Ahead of Annual Meeting

Joshua Batchelor has stepped down from the board of U.S. Energy Corp., triggering a planned reduction in board size as the company gears up for its 2025 Annual Meeting on May 16. Batchelor had notified the company on April 16 that he would not seek re-election and made his resignation official on April 21.

The move comes as Batchelor shifts focus to his responsibilities at Sage Road Capital, the investment firm he co-manages. His departure was unrelated to any disagreements with the company’s operations or governance practices.

Until now, Batchelor served on U.S. Energy’s Operations Committee and had joined the board through a nomination by:

• Banner Oil & Gas


• Woodford Petroleum


• Llano Energy

These entities hold nomination rights under a 2022 agreement and had selected Batchelor as their representative. They do not plan to nominate a replacement this time around.

Strategic Realignment Without Disruption

U.S. Energy isn’t waiting to backfill the seat. Instead, the board will be trimmed from seven members to six, effective at the annual meeting. This is a tactical shift—streamlining the board while maintaining continuity across the leadership team.

For shareholders and stakeholders, this signals stability. The company has opted for a leaner board while keeping its current strategy on course. No disruption, no drama—just a practical response to evolving leadership dynamics.

By moving quickly and clearly, U.S. Energy is ensuring its governance structure stays aligned with its broader objectives. The focus now turns to May 16, when the updated board structure becomes official.