Canadian company American Helium Inc. has partnered with Holbrook Basin Energy LLC to explore for helium (He) in the Four Corners area, US.
The two companies will undertake an exploration drill programme in the Holbrook Basin in Arizona near the Four Corners area where the states of Arizona, Colorado, New Mexico and Utah meet.
gasworld reported in January that this source in Arizona is expected to double production of high purity crude He to 140 MMCF/yr in early 2018, while several other small companies are understood to be actively working to develop new He production from non-hydrocarbon gas. The project is operated by Capitol Operating Group which is owned and controlled by NASCO Energie & Rohstoff AG. Nacogdoches Oil & Gas (NOG) owns a 25% working Interest in the project.
According to American Helium, Holbrook Basin is a well-established He production district where concentration of the gas range from trace amounts up to 10%. The helium exploration company said the area has “good potential for additional discovery and production”, adding that “Arizona is the Saudi Arabia of He”.
In a statement, American Helium said, “Today’s announcement represents a significant increase in operational planning which will be regionally managed as a result of the company’s recent decision to open an office in Denver to more readily and efficiently service field operations across it’s rapidly growing western US areas of activity.”
About American Helium
American Helium Inc. is an exploration stage company with offices in British Columbia, Canada and Denver, Colorado. The Company is currently exploring for He in Carbon County, Utah, SE Colorado and Navajo County, Arizona while evaluating additional potential acquisitions in known He productive regions. With planned exploration well(s) due in 2018, holding potentially significant He resources positions American Helium to capture an opportunity offered by rising global He prices due to growing demand for He driven by new technology-based applications.