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Stock impact report

U.S. Energy Corp (USEG) Announces Final Investment Decision (FID) on Montana Facility [Yahoo! Finance]

U.S. Energy Corp. (USEG) 
US:NASDAQ Investor Relations: usedc.com/financial-advisors-investors
Company Research Source: Yahoo! Finance
U.S. Energy Corp (USEG) Announces Final Investment Decision (FID) on Montana Facility U.S. Energy Corp. (NASDAQ:USEG) is a growth-focused energy company engaged in operating a portfolio of high-quality producing assets. U.S. Energy Corp. (NASDAQ:USEG) announced on March 18 that it had reached a Final Investment Decision (FID) for the construction of its processing facility at the Big Sky Carbon Hub in Montana. The company also revealed that it had signed an Engineering, Procurement, and Construction agreement with CANUSA EPC. The facility is designed for approximately 8 MMcf/d of inlet capacity, with a target to produce around 12 MMcf of helium and 125,000 metric tons of refined CO2 annually at initial operations. The company expects to qualify for approximately $85/metric ton in Section 45Q federal tax credits, supporting an estimated $130 million in Phase 1 tax credit value. U.S. Energy Corp. (NASDAQ:USEG) expects to commence gathering pipeline installation in the spring of Show less Read more
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