Desert Mountain Energy has completed the required filings to sell processed helium to the US Government and has signed non-disclosure agreements with other end-users.
The helium exploration company on Wednesday (Jan 5) confirmed the news as it announced the acquisition of an additional 40 acres of land for the drilling of development wells.
Robert Rohlfing, CEO of Desert Mountain Energy, said, “The company’s plan has always been to become a vertically integrated helium producer selling directly to end-users.”
“Due to our location, we have the luxury of having 36 end-users within 300 miles of our finishing facility.” “We expect to be adding further end-user contracts and we look forward to building upon those relationships.”
Along with the above deals, Desert Mountain Energy has also entered into an agreement with Drake Well Services, whereby in exchange for pre-payment for drilling services, the company is provided priority use of a top dive rig with a 16,000’ depth capability.