U.S. Energy (NASDAQ: USEG) is an independent energy company historically focused on the acquisition and development of oil and natural gas producing properties in the U.S. In June 2024, the company acquired acreage in Montana with the goal of extracting and marketing helium products and other industrial gases. Going forward, the primary focus will be on the development and operation of helium and other industrial gases, along with the development of carbon sequestration capabilities. The company has no debt and $22.0 million in available liquidity. We believe the company is well positioned for profitable growth going forward.
05 Nov 2024
USEG: INITIATION of growth focused energy company expanding into helium extraction and other industrial gases. The company is also developing carbon sequestration initiatives.
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USEG: INITIATION of growth focused energy company expanding into helium extraction and other industrial gases. The company is also developing carbon sequestration initiatives.
- Published:
05 Nov 2024 -
Author:
Tom Kerr -
Pages:
20 -
U.S. Energy (NASDAQ: USEG) is an independent energy company historically focused on the acquisition and development of oil and natural gas producing properties in the U.S. In June 2024, the company acquired acreage in Montana with the goal of extracting and marketing helium products and other industrial gases. Going forward, the primary focus will be on the development and operation of helium and other industrial gases, along with the development of carbon sequestration capabilities. The company has no debt and $22.0 million in available liquidity. We believe the company is well positioned for profitable growth going forward.