U.S. Energy Corp. premarket gains 16.67% post acquisition of Wavetech Helium and Synergy Offshore assets in Montana and Wyoming.

U.S. Energy Corp. experienced a significant premarket surge of 16.67% before trading began. The main driver for this upward movement was the announcement of a transformative acquisition, where U.S. Energy Corporation closed a deal with Wavetech Helium Inc. to acquire operated acreage in the Kevin Dome structure in Montana, targeting helium production. This strategic acquisition indicates the company's expansion plans and potential growth in the helium market. The simultaneous non-binding letter of intent with Synergy Offshore to acquire additional contiguous acreage further bolsters the positive sentiment. Mixed commodity prices, though, did not significantly impact the energy sector at large, with oil gains and natural gas losses. Siemens Energy's hiring plans for its grid business and New Fortress Energy's facility sale are separate market developments not directly tied to U.S. Energy Corp.'s performance.