USEG News & Events

U.S. Energy released a new investor presentation highlighting its vertically integrated strategy, differentiated asset base, and operational milestones through 2027. The Company also announced its upcoming participation in the Emerging Growth Conference. "Our new investor presentation highlights what we believe is a differentiated opportunity in the public markets - a fully integrated helium and carbon management platform with three independent revenue streams, firm federal policy support, and a clear path to meaningful cash flow beginning in 2027," said Ryan Smith, President and Chief Executive Officer. "With $22 million already invested, wells drilled, and key milestones actively in progress - including the advancement of our CO2-EOR program at our Cut Bank oil field - 2026 represents a focused execution year as we continue advancing the platform towards its next stage of value creation."

U.S. Energy Corp. provided a comprehensive operational update highlighting significant milestones achieved to date, substantial progress across its Montana-based Kevin Dome project, and a series of high-impact catalysts anticipated throughout 2026. The company said, "Over the past 18 months, U.S. Energy has executed a disciplined strategy to transform Kevin Dome into a scalable, vertically integrated industrial gas and carbon management hub, combining helium production, CO2 recovery and sequestration, and enhanced oil recovery across Company-owned assets. Management believes this platform positions U.S. Energy at the intersection of energy security, critical industrial gas supply, and environmentally responsible carbon management. KEY MILESTONES ACCOMPLISHED: World-Class Resource Position Established: Through multiple strategic transactions, U.S. Energy has aggregated approximately 80,000 net acres across Montana's Kevin Dome. A third-party resource evaluation estimates approximately 1.3 trillion cubic feet of naturally occurring CO2 and 2.3 billion cubic feet of helium, underscoring the scale and longevity of the resource base. First-in-State MRV Leadership: The Company has submitted two Monitoring, Reporting, and Verification plans to the U.S. Environmental Protection Agency on its Class II injection wells-the first MRV submissions in the State of Montana. Upon approval, the Company believes its project would rank among the top 20 largest Carbon capture, utilization, and storage projects in the United States, representing a significant regulatory and competitive milestone. Producing Industrial Gas Wells Online: U.S. Energy currently has three producing industrial gas wells delivering stable, low-decline production expected to fully supply the initial processing facility for multiple years without the need for additional drilling. Processing Facility De-Risked: Final engineering and design work has been completed on the Company's planned processing facility. In January 2026, U.S. Energy acquired an 80-acre strategically located plant site, optimized for power access, logistics, and offtake connectivity-materially reducing execution risk and future expansion constraints...Management anticipates several value-driving milestones throughout 2026, including: Execution of a long-term helium offtake agreement; Securing project-level financing; Receipt of MRV approvals; Completion of gathering infrastructure; Advancement of full-field EOR development plans; Third-party carbon management partnerships. The Company intends to provide regular market updates as these milestones are achieved."

Reports Q3 revenue $1.738M vs $4.957M last year. "U.S. Energy delivered another quarter of meaningful operational progress in Q3 2025 as we advanced our Montana industrial gas project," said Ryan Smith, CEO. "With disciplined execution across upstream development, infrastructure build-out, and carbon management, the Kevin Dome's scale and strategic location continue to position us as a first mover in a rapidly expanding segment of the energy market. Design of our initial processing facility is now complete, with construction commencing in the coming months-unlocking new revenue streams from both industrial gas production and carbon initiatives. The capture of recycled CO2 will support carbon management and enhanced oil recovery across legacy assets, creating an integrated platform that maximizes value realization. Our consistent performance, capital discipline, and long-term strategy continue to drive scalable growth and build sustainable shareholder value."

Reports Q2 revenue $2.03M vs. $6.05M last year. "U.S. Energy delivered significant progress in the second quarter of 2025 as we advance our transformation into an integrated industrial gas company," said Ryan Smith, Chief Executive Officer of U.S. Energy. "Our Montana project continues to move forward with disciplined execution across upstream development, infrastructure design, and carbon management planning. The scale and strategic location of the Kevin Dome positions us as a leader in a high-growth segment of the energy sector-one where we can generate strong economic returns while delivering meaningful local and environmental benefits. We have also advanced the design and planning of our initial processing facility, with construction expected to commence in the coming months. This facility is projected to deliver first revenues in the first half of 2026 from both the processing of our upstream production and carbon management initiatives. The captured CO2 stream will serve dual purposes-supporting carbon management and enabling enhanced oil recovery on our legacy oil and gas assets-creating a vertically integrated platform that captures value across multiple segments. Our broader infrastructure is being designed to accommodate third-party volumes, positioning us for potential tolling agreements and regional expansion." "In addition, we are pleased to release our initial third-party resource report, which confirms the vast potential of our Kevin Dome asset. Simply put, U.S. Energy controls one of the largest naturally occurring CO2 and helium deposits in the United States, with a highly strategic location capable of supplying multiple markets. With a clean capital structure and a high-margin, multi-revenue growth platform, we are executing a transformational strategy built for scalability, sustainability, and long-term shareholder value."