American Helium announces Holbrook Basin exploration venture


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.

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