Total Helium announces joint venture for Pinta South Helium Project


Total Helium has entered into a definite purchase and sale agreement for a joint venture in the Pinta South Helium Project in Arizona.

The agreement is between US helium producers Brooks Range Corporation, Butler Minerals and Mid America Exploration and allows for the acquisition of an interest in existing helium production and a large-scale helium exploration and production programme in the Holbrook Basin.

As part of the joint venture, Total Helium will acquire a 20% interest in two producing wells with an average daily gross gas production of 264 million cubic feet per day and helium concentrations greater than 8%.

Total Helium will also acquire a 50% interest in eight additional existing wells which are being connected to a helium processing plant.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...