U.S. Energy Corp. Announces Acreage Acquisition and CCUS Development Update

Core Viewpoint - U.S. Energy Corporation has successfully 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][4]. Group 1: 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]. - The acquisition is part of a broader strategy to develop scalable, low-emission industrial gas operations and position the company as a supplier of clean helium and other critical gases [3][4]. Group 2: Management Commentary - The CEO of U.S. Energy highlighted 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]. - The company is committed to a responsible growth strategy that aligns with global demand for lower-carbon energy solutions [4]. Group 3: Future Plans - U.S. Energy plans to submit a Monitoring, Reporting, and Verification (MRV) plan to the EPA for the Class II well in the second quarter of 2025 [5]. - The CCUS-enabled infrastructure will support the planned industrial gas processing facility and broader environmental goals, positioning U.S. Energy as a leading industrial gas and carbon management platform in the U.S. [5].