Big Sky Carbon Hub
A 100%-owned, 100%-operated industrial gas development in Northwest Montana – sitting atop the Kevin Dome, one of the largest gas-bearing geologic structures in the Western United States.
THE GEOLOGY
One structure. One stream. Two valuable gases.
The Big Sky Carbon Hub sits on the Kevin Dome, a large gas-bearing structure in Toole County, Montana. A single low-cost, high-rate gas stream yields helium for critical end markets and CO₂ that is managed under Section 45Q and used for oil recovery. The geology beneath the resource is also well suited to the permanent sequestration of CO₂.
BY THE NUMBERS
The operating specifications.
The headline resource – 1.3 Bcf of helium and 444 Bcf of CO₂ across 110,000 acres – is summarized on the home page. Below is the operating detail behind it: what Phase 1 is built to produce, and the oil field that supplies the CO₂-EOR stream.
BIG SKY CARBON HUB - PHASE 1
~8 MMcf/d
Processing inlet capacity
~14.4 MMcf/yr
Contracted helium volume
~125k MT/yr
Refined CO₂
CUT BANK FIELD - THE CO₂-EOR OUTPUT
970 MBO
Oil reserves
~240 BOPD
Current production
170+
Permitted Clas II injection wells
THE INFRASTRUCTURE
Produce. Process. Monetize.
The same wells and infrastructure produce helium and CO₂ together. Gas is gathered and sent to the processing plant, where helium is purified for sale and CO₂ is captured and liquified. From there, the helium is collected at the plant by our offtake counterparty, a portion of the CO₂ is permanently sequestered, and a portion is used for enhanced oil recovery at the adjacent Cut Bank field.
BUILT TO SCALE
Phase 1 today. The footprint for much more.
The current build is Phase 1. Because the land, permits, engineering, and field operations are already in place, the next plant can be added on the same footprint at meaningfully lower incremental capital per unit.
PHASE 1 - UNDER CONSTRUCTION
First revenue targeted Q1 2027
- ~8 MMcf/d processing inlet capacity
- Up to ~1.2MMCF/month (=14.4MMCF/year) of contracted helium
- ~125,000 metric tons of refined CO₂ per year
- Final investment decision reached; fixed-scope EPC contract signed; capital stack complete
PHASE 2 - THE SCALING STEP
2-3x capacity on the same footprint
- a second processing plant leveraging the same infrastructure and field operations
- Supported by existing acreage, permitted wells, and the same resource – no new land
- Anticipated to come online around 2029Phase 2 is excluded from the Compan’s current base-case financial model.
A DIFFERENT KIND OF CCUS
Our CO2 is a byproduct - not a cost.
Among the roughly 20 operational carbon-capture projects in the United States, Big Sky Industrial is unusual. Most projects capture CO2 from an energy-intensive source. Ours comes free as a byproduct of helium extraction – with no combustion and no separate capture step.
- Not from natural-gas processing
- Not from ethanol fermentation or ammonia
- Not from power generation
- Not from energy-intensive direct air capture
- OUR SOURCE
A byproduct of helium extraction
No combustion. No fermentation. No energy-intensive capture. The result is a structural cost advantage that very few projects in the world can claim – and a carbon management stream that is largely independent of commodity prices.
LOCATION & MARKET ACCESS
Positioned for the markets that matter.
The Big Sky Carbon Hub and the Cut Bank field sit near Shelby, Montana, with established rail and highway access – providing routes to West Coast and other markets without the logistics bottlenecks that constrain many remote energy projects.
TODAY
Funding the build
- Revenue from oil & natural gas production at Cut Bank
- Phase 1 capital stack complete; equity line of credit suspended
- Big Sky Carbon Hub processing facility under construction
2027 AND BEYOND
Three monetized streams
- Revenue from oil & natural gas production at Cut Bank
- Phase 1 capital stack complete; equity line of credit suspended
- Big Sky Carbon Hub processing facility under construction
MILESTONES
From first transaction to first sales.
01
One stream, three revenue lines
A single well and a single process produce gast that is monetized three ways. Three bites at the revenue from the same molecule.
02
Shared infrastructure
Helium and CO2 are produced, gathered and processed together. Sharing one set of facilities lowers unit cost versus standalone peers.
03
A byproduct cost advantage
Our CO2 arrives as a byproduct of helium extraction – unlike CCUS projects that capture CO2 from combustion, ethanol, or direct air.
One asset. Three businesses.
See how the Big Sky Carbon Hub turns a single gas stream into three independent revenue streams.