Desert Mountain Energy has commenced the commercial production of helium in New Mexico and is delivering volumes to end-users via tube trailers.
The exploration and production company’s announcement comes after resolving several issues faced by Desert Mountain Energy during the start-up phase of the plant.
Revenue from the production is expected to cover all overall corporate G&A expenses.
“The company anticipates a gradual rise in sales volumes and revenue, with a current emphasis on well workovers and reducing the overall small percentage of produced water,” Desert Mountain Energy said in a statement.
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