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Tumbleweed Midstream Signs a 10 Year Helium Sales Agreement

Tumbleweed has entered into a 10-year take-or-pay agreement with a global tier-1 helium supplier for Tumbleweed’s helium production from the Ladder Creek plant. The value of the contract could exceed US$500mm depending on the final production coming from the plant. The agreement also provides Tumbleweed with a unique option to sell up to 10% of its helium production to third-party buyers who need to make non-scheduled purchases of helium on the open market.

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