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Stock impact report

U.S. Energy Corp. Announces Acreage Acquisition and CCUS Development Update [Yahoo! Finance]

U.S. Energy Corp. (USEG) 
US:NASDAQ Investor Relations: usedc.com/financial-advisors-investors
Company Research Source: Yahoo! Finance
Energy ” or the “ Company ”) today announced the closing of a strategic acquisition (the “Acquisition”) from a privately held company for $0.2 million, strengthening its industrial gas and carbon capture platform in Montana. As part of the Acquisition, U.S. Energy acquired approximately 2,300 net acres with carbon dioxide (CO ) rights that are highly contiguous to its existing position across Montana's Kevin Dome structure. Additionally, the Acquisition includes an active Class II injection well to sequester CO captured from U.S. Energy's upcoming industrial gas processing facility. The permitted well advances the Company's carbon capture, utilization, and storage (“CCUS”) initiatives within its industrial gas development platform. The Class II injection well is a critical component of U.S. Energy's plan to securely store CO captured from its upcoming industrial gas processing facility. The well maintains active permits approved by the U.S. Environmental Protection Agency (“EPA”) an Show less Read more
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