HyTerra's Expansion: Fortescue Backing Boosts White Hydrogen Project in the US
Key Ideas
  • Australian mining magnate Andrew Forrest plans to invest $21.9 million in HyTerra's Kansas exploration, leading to a tripling of planned wells in the maiden drilling program.
  • HyTerra has expanded its white hydrogen project by acquiring an additional 13,000 acres at Nemaha, totaling approximately 52,000 exploration acres.
  • Seismic data reprocessing has identified new prospective areas for hydrogen and helium, leading to an increase in the upcoming drilling campaign from two to six wells.
  • The drilling campaign will focus on historical wells Sue Duroche-2 and Scott-1, targeting deeper hydrogen and helium discoveries using modern technologies.
Australian energy company HyTerra HYT is gearing up for a significant drilling campaign at its white hydrogen project in the US, following a major investment proposal from Andrew Forrest. With Forrest's backing, HyTerra is set to triple the number of wells in its maiden drilling program, aiming to commence later this year. The company has recently expanded its exploration acreage at Nemaha by 13,000 acres, now totaling around 52,000 acres, with plans for continuous growth through further acreage acquisitions. By reprocessing seismic data, HyTerra has pinpointed promising areas for hydrogen and helium, boosting its confidence in the upcoming drilling campaign. The drilling initiative will now involve six wells, focusing on historical sites Sue Duroche-2 and Scott-1, where deeper exploration for hydrogen and helium is on the agenda. The campaign is slated to start post an extraordinary general meeting in December, which will evaluate Fortescue's strategic investment in the project.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.