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Desert Mountain Energy Announces Discovery of Helium Concentrations up to 1.3622% on its Oklahoma Kight-Gilcrease Property
(via TheNewswire) May 13, 2019 / TheNewswire / Vancouver, British Columbia -- DESERT M...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"Desert Mountain Energy Announces Discovery of Helium Concentrations up to 1.3622% on its Oklahoma Kight-Gilcrease Property(via TheNewswire)\n\n \nMay 13, 2019 / TheNewswire / Vancouver, British Columbia -- DESERT MOUNTAIN ENERGY CORP. (the \"Company\") (TSX.V: DME) is pleased to announce that analytical tests performed on gas samples from three existing oil & gas wells in the Company's Kight-Gilcrease Sand Unit oil field in Seminole County, OK (the \"KGSU\") returned positive results for the presence of helium, with concentrations up to 1.3622% He. These initial test results are viewed by management as highly encouraging and suggest the potential for future development of helium production from the KGSU. This gives the Company another highly prospective property for\n\n\n \nHelium development in addition to its flagship Heliopolis Project in Arizona's Holbrook Basin. \n\n \n \nThe KGSU is located in an area of Oklahoma which has been host to numerous helium bearing natural gas wells, with commercial production grades typically ranging from 0.6% to 1.4% He.\n\n\n \nThe Hugoton Field in Kansas, Oklahoma and Texas, among the nation's largest natural gas fields, has produced helium ranging from 0.3% - 1.92%, with future production grades \n\n\n \nestimated to be in the range of 0.5% (The Edison Helium Macro View Update February, 2019).\n\n\n \nCurrent test results from the KGSU are consistent with helium concentrations being produced from other U.S. natural gas fields. \n\n \n \nWhile the KGSU remains a strong target for enhanced secondary water flood production of oil, management has viewed it also as highly prospective for helium. Accordingly, a preliminary program of testing was recently conducted by sampling gas from some existing well bores on the property. (See PR dated April 16, 2019). These tests were conducted by sampling gas from the Gilcrease Sand zone utilizing old perforations in the wells which ranged from approximately 2700 ft to 2880 ft in depth. The gas samples were sent to independent analytical laboratory V.R. Curry Labs of Bristow, OK for analysis. Curry Labs has conducted gas analysis for decades for exploration, production and gas gathering companies in Kansas, Oklahoma and Texas. Results are summarized below.\n\n \n \nHelium is the second lightest element (next to hydrogen) and has the smallest molecular s...