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

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