Tumbleweed Commits to New Gathering, Processing Agreements

摘要

Tumbleweed Midstream executed three new long-term gathering and processing agreements that have quadrupled helium production at its Ladder Creek Helium Plant in eastern Colorado. The company's Ladder Creek Helium Plant and Gathering System serves natural gas producers operating in eastern Colorado and western Kansas. Two of the new agreements more than doubled the plant's inlet volume to 12 MMcf/d. The third contract is expected to increase production by another 3-5 MMcf/d over the next 90 days. The increased throughput from these three agreements will increase the plant's daily helium output to more than 200,000 cf/d. In addition, Tumbleweed has executed two new helium processing agreements with suppliers of raw helium who deliver their unpurified gaseous helium to the Ladder Creek plant by truck. Several new and existing producers in Colorado and Kansas have initiated exploration and development plans for helium-rich natural gas. Two existing step-out locations are being developed where previously drilled wells with helium-rich content have been stranded in the past. Current processing capacity at the Ladder Creek cryogenic processing plant is 40 MMcf/d, expandable to 50 MMcf/d. Tumbleweed expects that the plant could be at capacity within the next 12 to 24 months. The company will explore plant expansions as demand warrants. "I am very excited about the rapid increase of natural gas throughput and the expanded helium production at the Ladder Creek Helium Plant," said Tumbleweed founder and CEO Durell Johnson.