The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Jesse Sobelson - D. Boral Capital - Analyst
: Hello, everyone. Good to hear the great progress on the balance sheet. I'm just curious, can you remind investors of what is anticipated that you'll
be able to bring these helium assets online and what needs to happen between now and then? Thanks.
Question: Jesse Sobelson - D. Boral Capital - Analyst
: Awesome. It sounds like things are going pretty well there. I think just another additional follow-up question here on the M&A side of things. In
your prepared comments, you did mention a continued focus on M&A with what appears to be the open consideration of both acquiring new
assets and selling legacy ones. Is the angle here to be a pure-play industrial gas company? Or are you guys still expecting to hold on to specific oil
and gas assets over the longer term? Thanks. And that's it for me.
Question: Jesse Sobelson - D. Boral Capital - Analyst
: Great. Thanks for the detail there. Its exciting to watch the transformation network. I'll jump back in queue.
Question: John Davenport - Johnson Rice - Analyst
: Hi. Good morning guys. Thanks for taking my question. I was curious, if you would be able to give us either a time line on when some additional
data points on helium concentrations might be available or at the time line on a helium reserve report might be? Thank you.
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NOVEMBER 12, 2024 / 2:00PM, USEG.OQ - Q3 2024 US Energy Corp Earnings Call
Question: John Davenport - Johnson Rice - Analyst
: Okay. Got it. Thanks, guys. That's all from me.
Question: Tom Kerr - Zacks Investment Research - Analyst
: Good morning, guys. Can you follow-up on the helium full cycle, like you mentioned, everything goes to plan, you have three or five wells, processing
plant finished in October. Looking for the next 12 months and without giving guidance, can you tell us what that may mean for revenues or EBITDA
just from the helium program?
Question: Tom Kerr - Zacks Investment Research - Analyst
: Okay. So you don't want to
Question: Tom Kerr - Zacks Investment Research - Analyst
: Got it. And on the well cost, you said it keeps going down. Is that still about $1 million per helium well drilled?
Question: Tom Kerr - Zacks Investment Research - Analyst
: Got it. And can you kind of give us a primer on helium pricing? I know a lot of it is contract based but where does that look now? Can you look into
2025 and see how that looks? What's sort of outlook for that or how you guys look at the helium pricing?
Question: Tom Kerr - Zacks Investment Research - Analyst
: It sounds good. Thanks. One more for me quick one. The oil and gas PV10 has that changed much from the July numbers? Or will it be in the 10-Q
a new number?
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NOVEMBER 12, 2024 / 2:00PM, USEG.OQ - Q3 2024 US Energy Corp Earnings Call
Question: Tom Kerr - Zacks Investment Research - Analyst
: Okay. Thanks. I was going to say that's a big drop. I will just get back in the queue.
Question: Tom Kerr - Zacks Investment Research - Analyst
: Thank you.
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