U.S. Energy: Inching Closer To Helium Production

  • U.S. Energy is transitioning from oil and gas to industrial gases, focusing on helium extraction and CO2 sales to diversify revenue streams. The company is building a 17 MMCF/d CO2 processing plant, increasing CAPEX but unlocking higher volumes and tax credit opportunities through CO2 sequestration. Recent well costs have declined, and USEG's existing oil and gas assets help de-risk the speculative nature of this development phase.