The Holbrook Basin Helium Project comprises +1000,000 acres of key Helium prospects under lease. Located in the prolific Holbrook Basin in North East Arizona, widely considered to be one of the world’s best addresses for Helium.
The 2018 US Government Crude Helium Auction crude helium auction prices increased from $119.31 to $279.95. This 135% increase year-to-year in the world helium market is due to dwindling reserves with the 2019 US crude helium auction anticipated to be the last one due to the dwindling reserves mandated by legislation. Auction details here…
Two of the world’s richest historic producing helium gas fields, the Pinta Dome and Navajo Springs, are situated in this region. Historic production of 9.23 Billion Cubic Feet (Bcf) with exceptionally high grades of helium gas produced, ranging from 8%-10%, versus the industry benchmark of 0.3% to 1% for commercial grade.
Helium plays a critical role in the manufacture of high capacity hard drives, barcode readers, computer chips, semiconductors, LCD panels and fiber optic cable; as a refrigerant in cryogenics research; and as a coolant for nuclear reactors, MRI machines and space vehicles.
Helium Well Drilling Process
- Well Spudding – the hole is drilled to 20’ with a steel conductor cemented in place to support the entire weight of the well.
- Surface Casing Drill & Set – the hole is then drilled to below fresh water zone with casing cemented back to the surface.
- Cementing the Hole – the hole is then drilled to below brackish water zone with intermediate casing cemented with 50’ overlap adding another layer of protection for the Aquifer.
- Drilled to Production Zone – drilling is completed by going below all possible production zones and tools are run in the open hole to evaluate the formations and look for the production zones.
- Well Completion & Pre-Production – Once production zones are determined the casing is perforated and production tubing is run with a packer that diverts the gas up the tubing. The well is now ready to bring the helium to surface,
Building & Commissioning the Helium Processing Facility
Desert Mountain Energy successfully built and commissioned their Helium Processing Facility, in January 2023. Over the past year, the processing equipment for the facility was built off-site at the Generon manufacturing plant. There it was prefabricated and installed in custom modular housing containers and shipped to the McCauley site. Concurrently while the plant was being built, the site was prepared for the final installation. Site preparation included the fabrication of the high-pressure inter-module lines and the installation of a solar power system to power the processing plant.