VVC's Helium Projects Continue to Fuel Company’s Growth

VVC’s helium strategy has been to build helium reserves by leasing mineral rights in proven oil and gas fields with each targeted lease having at least one well that has tested helium but was not previously produced. In the last 18 months, VVC has acquired substantial helium assets and currently has six projects leased with leasing continuing in three other projects on its Syracuse property. Two of the eight wells have been connected to the Internal Gathering System Pipeline and are generating revenues. Six are awaiting completion and connection. The Company expects to be generating revenue from the sale of gas from all eight new wells in the Syracuse Project in 2022.

Want to read more?

Subscribe to akapenergy.com to keep reading this exclusive post.

Subscribe Now