U.S. Energy Details 1.3 BCF Helium Asset, $92M Tax Credits, 2.5x 2027 EBITDA
U.S. Energy’s Big Sky Carbon Hub holds 1.3 BCF helium and 444 BCF CO₂ integrated with its Cut Bank oil field to produce helium, carbon-credit and CO₂-EOR revenue. At an EV near $40M or 2.5x projected 2027 EBITDA and backed by $92M Section 45Q credits, the company has invested $22M.
1. Integrated Asset Base
U.S. Energy controls the Big Sky Carbon Hub with 1.3 BCF of certified helium and 444 BCF of CO₂ paired with its wholly owned Cut Bank oil field, offering three monetization pathways: helium sales, Section 45Q-backed carbon management and CO₂-enhanced oil recovery.
2. Valuation and Tax Credits
The company trades at an enterprise value of about $40 million, around 2.5x projected 2027 EBITDA, and expects to capture $92 million in Phase 1 Section 45Q tax credits as an early mover in carbon capture.
3. Execution Milestones
With $22 million invested to date, U.S. Energy has drilled development wells, filed MRV applications, and targets final investment decision on its processing plant in Q2 2026, aiming to begin helium sales, carbon operations and CO₂-EOR in Q1 2027.
4. Governance and Upcoming Presentation
Management and insiders own approximately 36% of shares, aligning interests, and the company will present its integrated platform and roadmap at the Emerging Growth Conference on February 26, 2026.