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AMGAS has acquired a 40% participation in a Farmout Agreement providing it with the right to explore and develop natural gas, helium and other noble gases as well as brine minerals contained inside the Hugoton Gas Field in Haskell and Finney Counties, Kansas. The farmout agreement covers drilling and completion of up to 50 wells, including the first production well drilled and completed in August 2022. The Farmout Agreement provides the partners the right to utilize existing infrastructure assets, including water disposal, existing brine stream, gas gathering and helium processing, as part of the Farmout Agreement. The Farmout Agreement also provides the partners with rights to take in-kind, and market its share of helium. Therefore, we will be able to market and sell the helium produced, at prevailing market prices, by taking its helium in-kind.
Based in Albuquerque, N.M., PNM Resources is an energy holding company. Through its utilities - PNM and TNMP - PNM Resources serves electricity to more than 720,000 homes and businesses in New Mexico and Texas. Our generation capacity of more than 2,530 megawatts reflects a balanced mix of coal, natural gas, nuclear and wind generation.
Wake Electric Membership Corp is a Wake Forest, NC-based company in the Energy and Utilities sector.
MAN Diesel Canada Ltd is a Oakville, ON-based company in the Energy and Utilities sector.
Accent Energy is a Dublin, OH-based company in the Energy and Utilities sector.