{"id":12092,"date":"2024-07-10T04:14:14","date_gmt":"2024-07-10T04:14:14","guid":{"rendered":"https:\/\/economicherald.net\/?p=12092"},"modified":"2024-07-10T04:14:14","modified_gmt":"2024-07-10T04:14:14","slug":"hyterra-has-green-light-for-drilling-of-hydrogen-helium-well-at-nemaha","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=12092","title":{"rendered":"HyTerra has green light for drilling of hydrogen, helium well at Nemaha"},"content":{"rendered":"<p>HyTerra lands Permit to Drill for the Sue Duroche-3 hydrogen and helium well at Nemaha<br \/>\nSue Duroche-3 is 200m from the historical Sue Duroche-3 well that reported up to 92% hydrogen and 3% helium<br \/>\nThe well is one of several prospective wells the company could choose from for its Q3 2024 drill program<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report:<\/em> HyTerra has taken a key step towards drilling the Sue Duroche-3 hydrogen and helium well within its flagship Nemaha project in Kansas with the receipt of the Permit to Drill from the Kansas Corporation Commission.<\/strong><\/p>\n<p>The Nemaha project covers 12,720 acres of exploration leases in a major industrial and manufacturing hub between Kansas City and Wichita.<\/p>\n<p>This places it close to existing railways, roads, and pipelines that connect it to a long list of potential offtakers nearby, including ethanol and ammonia manufacturers, and petrochemical plants.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/hyterra-hyt\/\"><strong>HyTerra (ASX:HYT)<\/strong><\/a> already has evidence that hydrogen and helium are present within its acreage with historical wells showing occurrences of both gases to peaks of 92% and 3% respectively.<\/p>\n<p>The potential to find naturally occurring hydrogen \u2013 also known as white hydrogen \u2013 is hugely significant for the company as it could likely find eager offtakers as over 35% of US ammonia \u2013 a compound of hydrogen and nitrogen \u2013 is produced near its leases.<\/p>\n<p>Not only will this deliver revenue for the company, it will also make an immediate impact on <a href=\"https:\/\/stockhead.com.au\/energy\/hyterra-backs-white-hydrogen-to-pick-the-low-hanging-decarbonisation-fruits\/\"><strong>decarbonisation<\/strong><\/a> by supplying sectors like ammonia and fertiliser.<\/p>\n<p>These are \u2018low hanging fruit\u2019 since the industries are challenging to decarbonise but present an obvious opportunity for HyTerra because unlike speculative markets, they already use hydrogen as part of the production process.<\/p>\n<p>Ammonia fertiliser, for instance, requires large amounts of hydrogen which is currently sourced by cracking fossil fuels.<\/p>\n<p>Helium is a rare gas that has often irreplaceable uses in semiconductor manufacturing, nuclear energy production, solar panels, optic fibre and the cooling of superconducting magnets in MRI scanning machines.<\/p>\n<p>\u00a0<\/p>\n<p>The Sue Duroche-3 prospect. Pic: HyTerra<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Route to drilling clearing<\/strong><\/h2>\n<p>The receipt of the Permit to Drill from the regulator sets the stage for the company to drill Sue Duroche-3 \u2013 one of an extensive portfolio of drilling candidates being advanced through the permitting stages within its acreage \u2013 in Q3 2024.<\/p>\n<p>HYT has staked the well site ~200m north of the historical Sue Duroche-2 that was drilled in 2009 and had reported up to 92% hydrogen and 3% helium.<\/p>\n<p>It sits on the Zeandale High, a prominent structural feature imaged by historical 2D seismic on the crestal parts of the Nemaha Ridge.<\/p>\n<p>The company also has &gt;3,450 acres of owned and operated leases that are geologically contiguous to this well, meaning that any success will have plenty of room for follow-up.<\/p>\n<p>\u201cSecuring this drill permit is a crucial milestone. The diversity of geological plays within our 100% owned and operated leases allows us to rank several independent hydrogen and helium prospects for the company\u2019s upcoming exploration program,\u201d executive director Avon McIntyre said.<\/p>\n<p>\u201cThat means we can drill the highest ranked ones first. Additionally, after an extensive review, we are assessing multiple vendors for drilling and other operational services for the Q3 2024 drilling program.\u201d<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Other activity<\/strong><\/h2>\n<p>HYT is also preparing additional Permits to Drill for other hydrogen and helium prospects to support final selection for maiden drilling.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with HyTerra, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/energy\/hyterra-has-green-light-for-drilling-of-hydrogen-helium-well-at-nemaha\/\">HyTerra has green light for drilling of hydrogen, helium well at Nemaha<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>HyTerra lands Permit to Drill for the Sue Duroche-3 hydrogen and helium well at Nemaha Sue Duroche-3 is 200m from the historical Sue Duroche-3 well <a href=\"https:\/\/economicherald.net\/?p=12092\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":12093,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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