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NASCO Forecasting Strong 2023 Helium growth

NASCO, one of the largest private helium producers in North America, has released an updated presentation. The company has grown production, under the radar to close to 100mmcf/y, largely from the DBK field in Arizona, where a compressor was installed in 2022 with the aim of increasing production by 20-25% and current production is ~110mmcf/y. A helium separation plant at the Hogback field (8% helium; one of the 20 largest fields in the US), in New Mexico is being installed with sales of helium and hydrocarbons planned to begin Q3'23: a long-term offtake agreement with Praxair (Linde) is being prepared. In Utah, it is selling production from the Boundary Butte field to the Lisbon gas plant at spot prices of US$400/mcf.

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