Insights into Rapid Helium Market Expansion The "Helium Gas Market Research Report for 2030" below highlights the rapid expansion of the helium gas sector. The global helium gas market was valued at USD 2011.4 million in 2020 and is projected to reach USD 2804.9 million by 2027, with a CAGR of 4.9%. The report also underscores the significance of helium in various applications, including nuclear reactors, semiconductors, cryogenics, and more.
Source: https://www.benzinga.com/pressreleases/23/09/34888572/2030-helium-gas-market-research-report-booming-worldwide
Amidst this increasing demand, Total Helium (TOH.v or TTLHF for US investors) is solidifying its position in the expanding helium market.
A significant contribution by TOH to meet the rising helium demand is its strategic involvement in the Pinta South Helium Project, located in Arizona's Holbrook Basin, spanning 27,000 acres. The Pinta South field offers ample opportunities for cost-effective expansion.
Currently, the project operates nine helium wells, with ten more in different stages of development. The integration of these new wells into the production network is anticipated to significantly boost helium production and revenue.
Pinta South has yielded helium concentrations ranging from 5% to 8%, far higher than the typical 0.5% concentration, highlighting its potential to meet the growing helium demand effectively.
The project has the capacity for up to 300 wells, with an average well cost of just $220,000, making it a cost-efficient and potentially lucrative venture.
The project has multiple prospective reservoirs including the Shinarump Formation at 700-1,200 ft. which has proven production capabilities.
Company Website: https://www.totalhelium.com/operations/
Posted on behalf of Total Helium Ltd.