Roth CH Acquisition V Co (ROCL)

[barnyarddog]

Industry - Natural Gas Extraction

About us

New Era Helium Corp. is a helium exploration and production company that sources helium obtained from natural gas reserves in North America.

Established in 2023, we operate over 215,000 acres in New Mexico and have over 2BCF of helium reserves. Our goal is to capture 1% of North American helium production and become a major consolidator for distribution across the continent.

However, unfettered access to established and proven helium resources and earth-friendly production is only part of New Era Helium Corp's strategy. We will further differentiate from the competition by offering revenue diversification through Methane Performance Certificates (MPCs) from responsibly sourced gas and NGLs, as well as energy transition opportunities via the creation of net-zero power (as recently demonstrated by the Rice Acquisition Corp II's merger with Net Zero power valued at $1.4B).

The construction of our own natural gas processing plant which will process gas produced from the Pecos Slope Field, is underway. The Pecos Slope Plant will be located approximately 20 miles north of Roswell, New Mexico will produce approximately 2.7 million standard cubic feet (MMscf) of gaseous helium per month or an estimated 32 MMscf per year. The Pecos Slope Plant is expected to commence operations on June 1, 2024. It will also produce 477,000 MCF per month of methane and 32,545 bbls per month of natural gas liquids.

The estimates for the various products produced in the Pecos Slope Plant were developed by Arjae Design Solutions based on Pecos Slope Field Gas Composition samples. A helium sampling audit performed on 303 company-owned wells measured helium concentration levels ranging from 0.167 to 1.513 MOL%. The average helium concentration level was 0.486 MOL%.

https://www.linkedin.com/company/new-era-helium?trk=public_post_feed-actor-name