Texas-based helium and nitrogen exploration company US Energy Corporation has bought a 2,300-acre plot in Montana to advance its related move as a carbon capture utilisation and storage (CCUS) business.
In a statement, the corporation said it paid $200,000 to a privately held company for the land.
The acquisition includes an active Class II injection well to sequester CO2 captured from US Energy’s planned industrial gas processing facility. It may also draw on the CO2 it collects for utilisation.
Ryan Smith, CEO of US Energy, said the deal marked a “meaningful milestone” in its efforts to integrate carbon sequestration into its industrial gas platform.
“The addition of permitted injection infrastructure and strategic acreage strengthens our position across the Kevin Dome and accelerates our ability to deliver clean, domestically sourced helium while sequestering CO2 at scale,” he said.
Kevin Dome’s geologic structure contains rich sources of helium as well as CO2.
The well maintains active permits approved by the US Environmental Protection Agency (EPA) and issued under the Safe Drinking Water Act’s Underground Injection Control Program, ensuring compliance with federal and state regulations for safe and permanent CO2 storage.
The company intends to submit a monitoring, reporting, and verification plan to the federal agency for the Class II well in the current quarter.
