HyTerra Expands Hydrogen Exploration in Kansas with New Drilling Permit
Key Ideas
  • HyTerra receives a permit to drill the Blythe 13-20 well at Nemaha in Kansas, aiming to test an area with high hydrogen content.
  • The company is strategically positioned with leaseholdings connected to potential off-takers supported by existing transport infrastructure.
  • Market interest in clean hydrogen and helium is growing due to their environmental benefits, with helium prices rising significantly in recent years.
  • HyTerra plans an extensive exploration program with multiple drilling candidates and aims to continue advancing its hydrogen and helium prospects for future drilling campaigns.
HyTerra, through its subsidiary HYT Operating, has obtained a new drilling permit from the Kansas Corporation Commission to explore the Nemaha project in Kansas. The company is focusing on drilling the Blythe 13-20 well to test an area known for high hydrogen content. With leaseholdings adjacent to the drilling site and existing transport infrastructure, HyTerra is strategically positioned to engage with potential off-takers. Further permitted wells like Sue Duroche-3 aim to explore deeper sections for hydrogen and helium prospects. The market interest in clean hydrogen and helium is on the rise, driven by environmental concerns and increasing helium prices. HyTerra plans an extensive exploration program with multiple drilling candidates, aiming to select the best prospects for upcoming drilling campaigns. The company's efforts align with the growing demand for white hydrogen and helium, emphasizing their non-pollutant potential and lower costs. This expansion comes amidst a backdrop of rising helium consumption and costs in the US, signaling a promising market for hydrogen and helium exploration and production.
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