Energy, Nears

US Energy Nears Commercialization with Key Montana Project Milestones

10.02.2026 - 10:54:04

US Energy US9118053076

US Energy Corp. has achieved significant operational progress at its Kevin Dome industrial gases project in Montana, marking a pivotal step toward commercial production. The strategic pivot to helium and carbon dioxide extraction is now underpinned by active wells and secured infrastructure, setting the stage for potential long-term transformation.

  • Project: Kevin Dome, Montana
  • Primary Products: Helium, refined CO2
  • Infrastructure Completion: Targeted for Q3 2026
  • Next Key Date: Quarterly results scheduled for March 12, 2026

The company confirmed in early February that three industrial gas wells at the Kevin Dome site are already operational and producing. These wells are expected to supply the planned processing facility for several years, eliminating any immediate need for further drilling activity. This development follows the January acquisition of an 80-hectare parcel of land designated for the central plant.

Management selected the Montana location specifically to mitigate project risk, capitalizing on its proximity to the electrical grid and favorable logistical connections. With the final technical planning and facility design already completed, the current focus has shifted to physical construction.

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Commercial Strategy and Forward Timeline

Commercializing the output is now the critical near-term objective. US Energy is currently in negotiations with a multinational industrial gas corporation to secure a long-term helium offtake agreement. Company leadership anticipates finalizing these terms within the first quarter of 2026.

The project is designed for an annual capacity of approximately 12 million cubic feet of helium and about 125,000 tons of refined CO2. Construction of the necessary 16-kilometer field pipeline network is slated to commence this spring. The completion of this infrastructure is planned for the third quarter of 2026, aligning with the expected commissioning of the processing plant.

Investors can expect further details on project financing and the status of pending MRV (Monitoring, Reporting, Verification) permits when the company releases its next quarterly financial report on March 12, 2026.

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