HyTerra Receives Permit to Drill for Hydrogen and Helium in Kansas
Key Ideas
  • HyTerra has obtained a drilling permit from the Kansas Corporation Commission to commence drilling for hydrogen and helium at its Nemaha project.
  • The company plans to drill the Sue-Duroche-3 well, located near a previous well that reported high percentages of hydrogen and helium.
  • HyTerra aims to raise funds for additional activities like geophysical data acquisition and commercialization plans to support its exploration program.
  • Executive Director Ben Mee highlights the advancements and potential of the natural hydrogen industry, emphasizing the need for creativity and courage for significant progress.
HyTerra has secured a permit from the Kansas Corporation Commission to begin drilling for hydrogen and helium at its flagship Nemaha project in Kansas. The company is set to drill the Sue-Duroche-3 well, situated close to the Sue Duroche-2 well, which previously reported significant percentages of hydrogen and helium. This development marks a crucial milestone for HyTerra, allowing them to progress with their exploration program. The company's Executive Director, Avon McIntyre, expressed the importance of this permit and highlighted the diverse geological plays within their leases, enabling the prioritization of various hydrogen and helium prospects for exploration. HyTerra plans to assess multiple vendors for operational services for their upcoming drilling program in Q3 2024. Furthermore, HyTerra aims to raise A$6.1m to support its drilling program, which will fund activities like geophysical data acquisition, resource evaluations, and commercialization plans. Ben Mee, the Executive Director of HyTerra's Natural Hydrogen business, shared insights on the rapidly evolving natural hydrogen industry, emphasizing the availability of necessary technology and skills from the oil and gas sector to drive safe and efficient operations. Mee also stressed the importance of creativity and courage in driving significant advancements in the natural hydrogen sector. He believes that those willing to test new ideas will unlock substantial value in the industry. The article highlights the promising future of HyTerra's exploration activities in the hydrogen and helium sector, showcasing a positive sentiment towards the company's endeavors.
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