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Altura Energy Finalizes Farm-In Agreement on 2,560 Acres Surrounding Existing Helium Production in Holbrook Basin, Arizona
Strategic acreage expansion positions Altura to scale helium production across a multi-well devel...
About this update from Altura Energy Corp
[{"type":"text","content":"Altura Energy Finalizes Farm-In Agreement on 2,560 Acres Surrounding Existing Helium Production in Holbrook Basin, ArizonaStrategic acreage expansion positions Altura to scale helium production across a multi-well development footprint in a proven fairwayVancouver, British Columbia--(Newsfile Corp. - April 6, 2026) - Altura Energy Corp. (TSXV: ALTU) (OTCQB: ALTUF) (FSE: Y020) (\"Altura\" or the \"Company\") is pleased to announce that it has finalized a farm-in agreement (the \"Agreement\") covering approximately 2,560 acres in the Holbrook Basin, Arizona surrounding existing production from two wells that Altura retains a 20% non-working interest in. The Agreement provides Altura with the right to develop helium production across acreage directly contiguous to existing production.The two adjacent wells which Altura has a 20% non-working interest in have been producing helium since 2021 and have generated more than USD $11M in helium sales from the Shinarump and Coconino formations, at approximately ~300 meters deep. The acreage acquirable pursuant to the Agreement potentially supports up to an additional 64 wells in a single formation and remains prospective for additional stacked pay zones, both proven and untested.\"Securing this acreage is a meaningful step in building a scalable helium platform,\" said Ashley Lastinger, Chief Executive Officer of Altura Energy. \"The combination of shallow, proven formations, strong initial well economics, and multi-zone upside gives us a clear path to disciplined growth. This Agreement positions Altura to systematically develop a high-quality inventory of wells in a tightening global helium market.\"Helium Market ContextRecent geopolitical developments have underscored the vulnerability of global helium supply chains. Qatar, which represents a significant portion of the world's helium production, has experienced disruptions to natural gas processing operations amid escalating tensions in the Middle East. Because helium is produced as a by-product of natural gas processing, interruptions to LNG production and export logistics can materially impact global helium availability. These events highlight the importance of developing diversified and geopolitically secure sources of helium supply, particularly in North America, to support industries such as medical imaging, semiconductor manufacturi...