U.S. Energy announces acreage acquisition, CCUS development update

U.S. Energy (USEG) Corporation announced the closing of a strategic acquisition from a privately held company for $0.2 million, strengthening its industrial gas and carbon capture platform in Montana. As part of the Acquisition, U.S. Energy acquired approximately 2,300 net acres with carbon dioxide rights that are highly contiguous to its existing position across Montana’s Kevin Dome structure. Additionally, the Acquisition includes an active Class II injection well to sequester CO2 captured from U.S. Energy’s upcoming industrial gas processing facility. The permitted well advances the Company’s carbon capture, utilization, and storage, CCUS, initiatives within its industrial gas development platform. “This Acquisition marks a meaningful milestone forward in our efforts to integrate carbon sequestration into our industrial gas platform,” said Ryan Smith, Chief Executive Officer of U.S. Energy. “The addition of permitted injection infrastructure and strategic acreage strengthens our position across the Kevin Dome and accelerates our ability to deliver clean, domestically sourced helium while sequestering CO2 at scale. We are committed to executing a responsible growth strategy that aligns with global demand for lower-carbon energy solutions.”