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AMGAS Producing Minor Amounts of Helium from Hugoton Gas Field

American Noble Gas has become one of the few US companies that is producing and selling helium gas, from its Peyton 21-1 well, albeit in minor quantities of just 0.5mcf/d or 0.2mmcf/y. Its initial production including natural gas and NGLs is generating positive cash-flow from its Hugoton Gas Field operations, with a total production rate of 0.1mmcf/d (0.5% helium). It is selling helium at US$800/mcf to retail buyers.

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