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Avanti Secures Land for Helium Plant & Advances Sweetgrass

Avanti secured 40 acres of land in Liberty County, Montana, for its Helium Recovery Unit (HRU), which will process raw gas from the WNG 10-21 and WNG 11-22 wells. The land is near the Sweetgrass pool (221mmcf of 2C helium resource) where Avanti has a 25-year lease and obtained necessary pipeline easements. Furthermore, Avanti has signed a tolling agreement with Paradox Midstream for the liquefaction of 150mcf/d of helium at the Lisbon Valley gas plant in Utah, with the agreement commencing upon the completion of the HRU in Q4'23. The processing facility is based on an inlet production rate of 5 mmcf/d of raw gas.

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