Core Viewpoint - U.S. Energy Corporation has completed a strategic acquisition for $0.2 million, enhancing its industrial gas and carbon capture platform in Montana, which includes approximately 2,300 net acres with CO2 rights and an active Class II injection well for CO2 sequestration [1][3][5] Acquisition Details - The acquisition strengthens U.S. Energy's position in the Kevin Dome structure, known for its helium-rich and CO2-dominated gas systems [5] - The Class II injection well is permitted by the U.S. Environmental Protection Agency (EPA) under the Safe Drinking Water Act, ensuring compliance for safe CO2 storage [2][5] Strategic Implications - This acquisition aligns with U.S. Energy's broader strategy to develop scalable, low-emission industrial gas operations and positions the company as a supplier of clean helium and other critical gases [3][4] - The company plans to submit a Monitoring, Reporting, and Verification (MRV) plan to the EPA for the Class II well in Q2 2025, supporting its environmental goals [5] Management Commentary - The CEO of U.S. Energy emphasized that the acquisition is a significant milestone in integrating carbon sequestration into the industrial gas platform, enhancing the company's ability to deliver clean helium while sequestering CO2 at scale [4]
U.S. Energy Corp. Announces Acreage Acquisition and CCUS Development Update