Desert Mountain Energy (DME) on Wednesday said it has found “significant” helium percentages in two new wells in Arizona, US.
Completing independent gas analysis on both of its exploratory wells, the State 10-1 and State 16-1, DME said the 10-1 well showed helium 7.1321% and the 16-1 well showed helium 4.0904%.
In a statement, DME said, “Based on normal accepted industry operation procedures, the company at this time and prior to further engineering and flow testing, would entertain a possible daily flow rate of between 4,100 and 5,600 MCFGPD based on aggregated production from both wells.”
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