Helium exploration company acquires land for CO2 storage

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.