Business
TOTAL HELIUM ANNOUNCES FIRST SALES OF HELIUM AND METHANE
TOTAL HELIUM ANNOUNCES FIRST SALES OF HELIUM AND METHANE Canada NewsWire ...
About this update from Altura Energy Corp
[{"type":"text","content":"\n \n \n \n TOTAL HELIUM ANNOUNCES FIRST SALES OF HELIUM AND METHANE\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n March 15, 2022\n \n /CNW/ -\n \n Total Helium Ltd.\n \n (TSXV: TOH), (OTCQB: TTLHF) (\"Total Helium\" or the \"Company\") announces the start of its first helium and methane sales and provides further updates on its operations at its project in western\n \n Kansas\n \n where it aims to extend the Hugoton Gas Field, the largest conventional onshore natural gas and helium field in\n \n North America\n \n .\n \n \n \n Helium and Methane Sales Started from Miller 9D\n \n \n \n Production well Miller 9D has been drilled and completed, including the submersible pump installation, and is connected to a sales pipeline.\n \n \n During the dewatering process, the helium and methane amount has been steadily increasing from a beginning rate of 20 Mcfpd to its current rate of 300 Mcfpd. As the reservoir continues to dewater, the rate is expected to significantly increase in line with Total Helium's initial expectations and reservoir modelling.\n \n \n Log analysis shows a total pay thickness of 143 feet with good porosity and permeability. Gas analysis from the well shows 0.58% helium and 61.01% methane concentrations alongside 3.09 gallons per mcf of natural gas liquids present in the gas stream. The produced helium and methane are currently being sold at advantageous prices,\n \n $212\n \n /Mcf for helium and current spot prices of $5.00+/Mcf for methane and $1.30+/gallon for propane.\n \n \n \n First\n \n \n Operational Disposal Well: Miller 9C\n \n \n \n Miller 9C has been drilled and completed. The well is operational and receiving produced water from the Miller 9D well.\n \n \n \n Completion of Boltz\n \n 35B\n \n \n \n \n The production testing for the well is being conducted in two stages. As part of the first stage, the experimental lower zone was stimulated first. Total Helium is now preparing the stimulation of original target upper zones, which are similar to the Mill...