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An announcement from US Energy ( (USEG) ) is now available.
U.S. Energy Corp. has completed a significant acquisition of 24,000 net operated acres from Synergy Offshore LLC, strategically located across the Kevin Dome structure in Montana. This acquisition targets helium and other industrial gas production, enhancing U.S. Energy’s industrial gas operations and marking a milestone in its carbon management initiatives. The transaction includes a $2 million cash payment, issuance of 1.4 million shares of restricted stock, and a $20 million carried working interest agreement. This move positions U.S. Energy as a leader in sustainable industrial gas production, aligning closely with state and federal legislation, and aims to meet the growing demand for helium and CO₂ while addressing supply chain challenges.
More about US Energy
U.S. Energy Corp. is a growth company focused on consolidating high-quality energy and industrial gas assets in the United States. The company aims to optimize production and generate free cash flow through low-risk development while maintaining an attractive shareholder returns program. U.S. Energy is committed to reducing its carbon footprint in its operational areas.
YTD Price Performance: 13.04%
Average Trading Volume: 99,675
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $50.9M
See more data about USEG stock on TipRanks’ Stock Analysis page.
