Member Info for Fadec92

There looks to be further farm-in agreement located in Arapahoe near Highlands/True acreage would be good to expand operations there with the new gas pipe line coming into completion!

“We have maintained strong relationships with prominent oil & gas companies in the area and we periodically assess suitable farm-in opportunities in nearby locations. This needs to be set in context - there is no guarantee that we will secure such opportunities or that they can be delivered on terms that we consider to be acceptable. However, our expectation would be that any expansion of our East Denver Project will fall within the terms of the existing Acquisition and Development Agreement. In other words, development would be funded by our current partners and we would maintain a 7.5% share.”

Firstly I don’t talk to turn coats, secondly spell my name right!

I very much doubt that, cover blown!

Quick show a bit of positivity before people start believing me! Lol..

Positive going up, and negative going down! FACT!

JJAL Your so at it! like a True pro!

Tell me somebody if you believe this guy, if so you need your head checked out!

Barn it says the wells is said to be in production at the end of the month!

“With this in mind we anticipate producing from a total of eight wells by the end of December 2018.”

Good update there the certificate from the USDA looks promising!

It’s not that I’m referring too JJAL, plain too see what is!

JJAL True is the operator think about it!

Could be a good move forming Highlands Water Resources!

http://www.marketoracle.co.uk/Article63735.html

Genty understand better thank you! :/)

Yes we did and Zak Mir said a return to 20’s, so wanted to know more from experienced chartists!

Return to the 20’s if get above MA50 at end of trading day!

Calling Rasmus or Genty!

Wonder how much acreage is up for auction in Carter, Custer and Fallon they already have 220,000 acres?

Thanks Cat the double question marks are supposed to be a thumbs up, the emoji’s don’t work! :/)

??

https://www.producer.com/2018/09/nitrogen-prices-rising-as-supply-shrinks-demand-remains/

http://www.heliumscarcity.com/?p=3837

How does the US strategic reserve sell-off affect the market??

The US government is about to complete its sale of the BLM strategic helium reserve,and will see its helium stockpiles depleted by 2021.

The depletion of the US reserve might signal the end of an artificially low helium price, kept low by the well-publicised sale of the reserve – a sale that gave mid/downstream companies a reliable supply of helium over the past 10 years.

What is the current price of helium?

Data on current prices are not widely disclosed, creating uncertainty around exact estimates. For years, the only accurate source of helium pricing was the US strategic reserve.

For reference, BLM crude helium sold to government users for $3.04 per cubic metre and to non-government users at $3.75 per cubic metre in 2016. The BLM price of helium has also risen substantially, at an average rate of over 6% since 2007.

It is important to note that the selling-off of the reserve makes the BLM prices increasingly less informative, given that the auction will end shortly.

https://www.edisoninvestmentresearch.com/research/insights/helium

With Highlands having a Helium Resource in South East Montana with an Acreage Postion of 220,000 acres and a conformation of 0.33% in gas samples plus with Helium getting more scarce and prices increasing rapidly I’m thinking how Highlands will take forward, found a company looking for Helium Reserves just north of the boarder of Montana in Canada and the 2 point in the company’s website with the Separation of Helium is one that Highlands are performing in Kansas already with the Pressure Swing Absorption Plant skills and experience being gained already for this!

Specialized expertise and methods across multiple disciplines are required to effectively search for new helium fields.

Once a commercially viable helium reserve has been discovered and development wells have been drilled, there are two stages in the production of helium, which can be combined into a single plant for larger deposits of helium.

Helium Separation/Purification

Because even 0.35% helium in a bulk-gas is considered a high-concentration, the first step is to separate the helium from the other components of the bulk gas stream. This can be accomplished through three principal technologies, which are often combined depending on the composition of the gas stream.

1.Membrane Separation

The helium content of a gas can be upgraded or purified by using high-pressure membranes which either concentrate or purify helium through selective diffusion of relatively smaller gas molecules through microscopic pores in the medium. This technology is relatively new for helium separation applications and may not be suitable for longer-lifetime projects.

2.PSA or TSA Pressure-Swing Adsorption (PSA) or Temperature-Swing Adsorption (TSA).

These technologies use temperature or pressure to cause selective adsorption of different sized gas molecules into a medium with a large surface area consisting of uniformly sized pore spaces. These technologies are time-tested, reliable, and can be deployed at small scale. The downside is that this process is less efficient than cryogenic separation, in terms of both energy use and product losses during the process.

3.Cryogenic Separation

Similar to the air separation units (ASUs) that are deployed worldwide in the industrial gas business, this technology uses low temperatures to cause different gases to condense off as a liquid in a fractionation tower. This process is ideally suited to helium, which has the lowest condensation point of any gas, but requires large scale for efficiency and has a higher initial capital cost.

https://nahelium.com/about-helium/helium-production/

Here’s a new published article in the Journal of Petroleum Technology about Well Spacings and Well Interference Schlumberger taking about its getting harder to avoid!

The cautious approach was understandable in his talk at the recent SPE Hydrocarbon Economics and Evaluation Symposium. Well-spacing decisions are increasingly tricky because of the potential downsides, from damaging hits to older parent wells to production from new child wells falling short of the old wells.

A recent technical paper authored by Schlumberger (SPE 191799), based on data from the Wolfcamp shale play in the Permian’s Delaware Basin, found that when a new well is drilled within 1,000 ft of an older well, the older parent well outperformed the child well 66% of the time. When the results were adjusted for the bigger, more expensive completions now common, 79% of the older wells performed better.

It is getting harder to avoid the issue of well spacing. In its recent earnings call with investment analysts, Schlumberger said that 70% of the wells drilled in the Eagle Ford are infill wells, as are 50% of those wells drilled in the Permian.

While there is a lot of agonizing about fracs hits when wells are closely spaced, wider spacing also has its risks. Schlumberger predicted that even when the wells are 2000-2,500 ft apart, the parent wells perform better 61% of the time, when the production was adjusted for the larger volumes of proppant per foot now commonly used. As wells get farther apart, there is a growing chance that productive rock in between will never be stimulated.

https://www.spe.org/en/jpt/jpt-article-detail/?art=4852&utm_source=linkedin-spe&utm_medium=social-content&utm_campaign=jpt&utm_content=How%20Close%20is%20too%20Close%3F%20Well%20Spacing%20Decisions%20Come%20With%20Risks