Denver Business Journal — A Canadian company with its U.S. headquarters in Denver believes that there's helium to be found in the Four Corners.
American Helium Inc. said it's partnering with a Golden company, Holbrook Basin Energy LLC, in an exploratory drilling effort in the Holbrook Basin in Arizona, near the Four Corners where Colorado, Utah, New Mexico and Arizona meet.
American Helium said the "Holbrook Basin (is) a well-established helium production district where concentrations of the gas range from trace amounts up to 10 percent. The area has good potential for additional discovery and production," adding that "Arizona is the Saudi Arabia of helium.”
"Today’s announcement represents a significant increase in operational planning which will be regionally managed as a result of the company’s recent decision to open an office in Denver to more readily and efficiently service field operations across it’s rapidly growing western U.S. areas of activity," American Helium said in a statement.
Read more at the Denver Business Journal: https://bit.ly/2JlUljh
