- Kansas’ largest natural gas producer has exercised its option to purchase certain Total Helium (TOH) assets
- The purchase includes 25 per cent of Total Helium’s 3,648 acres near the Boltz Well in Kansas’ Hugoton Gas Field
- The transaction is in line with Total Helium’s goal of establishing a robust U.S. helium supply
- Total Helium is a helium exploration, production and storage company
- Total Helium (TOH) is up by 1.35 per cent trading at $0.75 per share
Kansas’ largest natural gas producer has exercised its option to purchase certain TOH assets.
The purchase includes 25 per cent of Total Helium’s 3,648 acres near the Boltz Well in Kansas’ Hugoton Gas Field.
The option pertains to a farmout agreement between the companies to drill the Boltz Well on the producer’s leases.
Total Helium views the sale as a testament to the value of its helium exploration and production work, and its ability to bring helium to a market in very short supply.
“At Total Helium, our ability to work with some of the world’s leading oil and gas and industrial gas companies is something that we pride ourselves on. We place a tremendous amount of value on these strategic relationships and today’s announcement reinforces the fact that our partnerships are mutually beneficial,” stated Robert B. Price, CEO of Total Helium.
Total Helium is a helium exploration, production and storage company focused on bringing a reliable domestic supply of helium to the U.S. market.
Total Helium (TOH) is up by 1.35 per cent trading at $0.75 per share as of 10:43 am EST.