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 💰 Gevo Transforms Carbon Waste Into Market Gold 🛫 CADO and 4AIR Harmonize SAF Registries for Commercial and Business Aviation 🌊 Vortex Energy Receives Government Approval for Amb...
Inside This Issue 🌎 US Carbon Capture Race: $77B Industry Shifts Global Balance 🛠️ NETL Releases Tool To Calculate Costs of Geologic Carbon Storage Projects in the Gulf of America ✈️ Avia Solution...
Inside This Issue 💰 BlackRock’s €1 Billion Bet on Eni Fuels Carbon Capture Confidence 💧 Wastewater Contaminants Boost Green Hydrogen Production 🌾 Gevo Sells Carbon Credits from North Dakota Asset ...
CADO and 4AIR Harmonize SAF Registries for Commercial and Business Aviation
MONTREAL /PRNewswire/ -- The Civil Aviation Decarbonization Organization (CADO) and 4AIR announced a strategic collaboration between their respective Sustainable Aviation Fuel (SAF) registries. The...
Gold Standard Launches Framework for High-Integrity Engineered Carbon Removals
New Engineered Removals Requirements set rigorous standards for carbon removal certification Updated methodologies now cover mineral waste, BECCS, and fermentation-based CDR All projects must cont...
DENVER--BKV Corporation (“BKV” or the “Company”) (NYSE: BKV) today announced the execution of an agreement with a leading diversified midstream energy company to develop a new carbon capture and se...
For the widespread deployment of carbon capture, utilization and storage (CCUS) to succeed, emitters, financiers and project developers continue to be challenged to make viable investment decisions...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.