Published by Todd Bush on September 16, 2024
VANCOUVER, BC, Sept. 16, 2024 /PRNewswire/ — DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01) From the President of the Company. Desert Mountain Energy Corp. is pleased to announce that the separation of commercial volumes of helium from a complex natural gas stream has been achieved. The processing plant has been recirculating and enriching helium with the end product going into an end user's tube trailer. The facility has been in commercial operation following the resolution of numerous issues by the DME team during the start-up phase.
>> In Other News: Ara Partners Launches New Strategy to Decarbonize Conventional Energy Value Chain in Partnership with HF Capital
Current production revenue is now expected to cover the overall corporate G&A, but will not be reflected in the September 30, 2024, audited year-end financials. The Company anticipates a gradual rise in sales volumes and revenue, with a current emphasis on well workovers and reducing the overall small percentage of produced water.
During the facility's relocation from Arizona, an AI component was integrated. Currently, the AI is undergoing training through data collection while commercial processing remains ongoing. Data points are essential for the system to learn and function effectively as more wells are brought online. Each well possesses distinct chemical compositions that the plant must adapt to. The plant is nearing autonomy, requiring minimal human intervention for operation.
The geological team continues to review downhole data to determine the most viable wells for increased helium production. They are also examining regional data to enhance the understanding of geological controls and pinpoint locations with the potential for higher helium grades. Certain wells are showing increased levels of hydrogen, prompting a need for further investigation to determine the underlying causes of these occurrences.
Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on the exploration, development, and production of helium, hydrogen, natural gas, and condensate. The Company is focused on helium extraction from different raw gas sources in an environmental and economic manner, supplying elements deemed critical to the renewable energy and high technology industries.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🔌 BP's Indiana Exit Is Not the Endgame for Clean Hydrogen ☀️ Cadiz Signs Second MOU for Hydrogen - Solar Development at Cadiz Ranch 🏗️ Heidelberg Materials Inaugurates Brevik CCS...
Inside This Issue 🧩 Who Gets Left Behind? Inside the Senate Plan Reshaping America's Clean Energy Future 🌿 TMD Energy Limited Enters into Strategic Memorandum of Agreement to Advance Green Bioener...
Inside This Issue 🛑 BP Pauses Project to Pipe, Store Carbon Emissions Underground in Indiana Indefinitely 🤝 Deep Sky Announces Multi-Year Offtake Agreement with Rubicon Carbon 🤖 Automating Hydroge...
Industry-first framework addresses critical gaps in carbon capture verification, enabling safer, more bankable projects DNV has released a new service specification (DNV-SE-0696) for the verificat...
Cadiz Signs Second MOU for Hydrogen - Solar Development at Cadiz Ranch
Clean energy and digital infrastructure projects at Cadiz expected to generate $7-$10 million per year in lease revenue and water supply sales, in addition to supporting sustainable water and farmi...
Expro Wins Well Test Contract for Major UK CCS Project
Latest contract extends Expro’s decade-plus support of the UK Carbon Capture and Storage (CCS) industry ABERDEEN, Scotland--Energy services provider, Expro (NYSE: XPRO), has secured a key contract...
MAX Power Team Identifies Rare Basement Source Rocks as Potential Natural Hydrogen Source
Multi-Well Drill Program Planned for Target-Rich Areas MAX Power Acquires Exploration Permits Covering 1.3 Million Acres Vancouver, British Columbia--(Newsfile Corp. - June 18, 2025) - MAX Power M...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.