BUZZ-US energy shares rise after FID, EPC deal for Big Sky Carbon Hub project

U.S. Energy Corp. +1.63% Post

U.S. Energy Corp.

USEG

0.83

0.83

+1.63%

-0.58% Post

** Shares of U.S. Energy Corp USEG.O rise 3% to $1.04 premarket

** Co says it has reached a Final Investment Decision (FID) for the construction of its processing facility at the Big Sky Carbon Hub in Montana

** Co adds that it executed an Engineering, Procurement and Construction (EPC) agreement with CANUSA EPC under a fixed-scope EPC contract structure

** The EPC deal established a defined budget and contingency and was completed alongside the FID as a final pre-construction step

** Co says pipeline installation will start in spring 2026, commissioning is expected in Q3 2026 and initial helium sales and carbon management operations in Q1 2027

** Up to last close, USEG up 9.4% YTD


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.