U.S. Energy Corporation announced on January 10, 2025, the closing of a transaction with Synergy Offshore, LLC for the acquisition of operated acreage targeting helium and other industrial gas production. This acquisition is located across the Kevin Dome structure in Toole County, Montana.
The acquired assets include an 80% interest in approximately 24,000 net acres, strategically positioned within the Kevin Dome. This addition expands U.S. Energy's dominant land position in the area to over 160,000 net acres, securing years of future growth potential.
This expansion of its industrial gas footprint is a critical step in U.S. Energy's strategy to become a leading producer of non-hydrocarbon industrial gases. The increased acreage provides a larger resource base for future development and strengthens the company's competitive advantage.
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