DESERT MOUNTAIN ENERGY ACQUIRES HELIUM-BEARING GAS FIELD IN NEW MEXICO
Retrieved on:
Monday, June 19, 2023
Permian, Sin Nombre orthohantavirus, Compressibility, Cerro Pedernal, DME, Hydrogen, Wells, Sin Nombre, PSI, Record, Geology, NGL, Research, Movement, Arrowhead, Abo Formation, Acquisition, Water, BTU, Methane, Abo, Natural-gas condensate, Letter, Nitrogen, GPM, CO2, Butane, Propane, Pentane, Lithium, Natural gas, Silurian, Helium
The Company is pleased to announce that it has signed a binding letter of intent to purchase the Pecos Slope West Abo Gas Field and gas gathering system located in Chaves County, New Mexico.
Key Points:
- The Company is pleased to announce that it has signed a binding letter of intent to purchase the Pecos Slope West Abo Gas Field and gas gathering system located in Chaves County, New Mexico.
- Generating additional revenue from Helium, CO2, methane credits and NGL's
The Company plans to revitalize the Pecos Slope West Abo Gas Field and improve natural gas sales from the wells current level. - The Company's assessment, which began last year, includes an individual third-party gas analysis on 187 of the 188 gas wells.
- The gas tests were conducted in February 2023 and show interesting gas composition dependent on the specific location within the Pecos Slope West Abo Gas Field.