Desert Mountain Energy Corp. Provides Key Operational Update for New Mexico and Arizona Projects
Desert Mountain Energy Corp. (DME), a publicly traded resource company focused on mining helium and natural gas, has shared crucial updates regarding its operations in New Mexico and Arizona. With efforts to enhance its helium extraction capacities, the company has been working diligently on its facilities in the West Pecos Abo Gas Field, overcoming initial setbacks due to software malfunctions and component quality issues.
Following months of intensive remediation, the facility is now operational, and the plant has successfully started separating helium from the natural gas stream. This significant milestone indicates that the first shipment of helium is on the horizon, with expectations to dispatch a truckload every 18 to 21 days, contingent on customer requirements. Additionally, DME is selling natural gas on a monthly basis, actively pursuing negotiations for a more advantageous long-term contract as operations continue to expand.
One of the notable updates involves the Rozwell area, identified as a prime location for data centers. DME has initiated a pilot project exploring the feasibility of leveraging natural gas resources to support cryptocurrency mining and data center operations. A strategic partnership with a local gas producer aims to establish a 250 MW data center utilizing net-zero energy solutions, further showcasing DME's forward-thinking approach to energy production and technological integration.
In order to streamline operations, DME has maintained ownership of its workover rig, facilitating cost-effective maintenance of its wells. This approach eliminates expenditures related to third-party rig mobilization and allows for precise assessment of gas production zones.
Moreover, DME has proactively maintained sections of older pipelines to prevent any future leaks, leading to substantial cost savings as there are currently no wells requiring artificial lift for saltwater extraction—all contributing to more sustainable operations.
With over 60% of its leases located on Federal Bureau of Land Management properties, DME is optimistic about receiving favorable regulatory support from changes in the administration in Washington, D.C.
Meanwhile, in Arizona, DME continues to engage with regulatory bodies and legislators to lay down frameworks that would facilitate helium production, acknowledging the support from local officials and business groups in these discussions. The company is also collaborating with Beam Earth Ltd. and Hethos Ltd. to explore hydrogen production opportunities alongside its helium extraction initiatives—an indication of DME’s commitment to diversifying its energy portfolio.
In terms of financials, Desert Mountain Energy Corp. saw a significant reduction in its net loss for 2024, decreasing from 0.14 to 0.05 cents per share. Following a shift in auditors, the company successfully submitted its audited financials before deadlines, positioning itself for a projected path to profitability in 2025. Shareholders can review these detailed financial reports through Sedar+.
Overall, Desert Mountain Energy Corp. demonstrates a robust commitment to enhancing operational efficiency, expanding its product offerings, and pursuing growth within the helium and natural gas sectors, while also prioritizing sustainability and innovative technology integration for the energy of tomorrow.
For more information about Desert Mountain Energy and its ongoing projects, visit the official website or the latest press releases.
Following months of intensive remediation, the facility is now operational, and the plant has successfully started separating helium from the natural gas stream. This significant milestone indicates that the first shipment of helium is on the horizon, with expectations to dispatch a truckload every 18 to 21 days, contingent on customer requirements. Additionally, DME is selling natural gas on a monthly basis, actively pursuing negotiations for a more advantageous long-term contract as operations continue to expand.
One of the notable updates involves the Rozwell area, identified as a prime location for data centers. DME has initiated a pilot project exploring the feasibility of leveraging natural gas resources to support cryptocurrency mining and data center operations. A strategic partnership with a local gas producer aims to establish a 250 MW data center utilizing net-zero energy solutions, further showcasing DME's forward-thinking approach to energy production and technological integration.
In order to streamline operations, DME has maintained ownership of its workover rig, facilitating cost-effective maintenance of its wells. This approach eliminates expenditures related to third-party rig mobilization and allows for precise assessment of gas production zones.
Moreover, DME has proactively maintained sections of older pipelines to prevent any future leaks, leading to substantial cost savings as there are currently no wells requiring artificial lift for saltwater extraction—all contributing to more sustainable operations.
With over 60% of its leases located on Federal Bureau of Land Management properties, DME is optimistic about receiving favorable regulatory support from changes in the administration in Washington, D.C.
Meanwhile, in Arizona, DME continues to engage with regulatory bodies and legislators to lay down frameworks that would facilitate helium production, acknowledging the support from local officials and business groups in these discussions. The company is also collaborating with Beam Earth Ltd. and Hethos Ltd. to explore hydrogen production opportunities alongside its helium extraction initiatives—an indication of DME’s commitment to diversifying its energy portfolio.
In terms of financials, Desert Mountain Energy Corp. saw a significant reduction in its net loss for 2024, decreasing from 0.14 to 0.05 cents per share. Following a shift in auditors, the company successfully submitted its audited financials before deadlines, positioning itself for a projected path to profitability in 2025. Shareholders can review these detailed financial reports through Sedar+.
Overall, Desert Mountain Energy Corp. demonstrates a robust commitment to enhancing operational efficiency, expanding its product offerings, and pursuing growth within the helium and natural gas sectors, while also prioritizing sustainability and innovative technology integration for the energy of tomorrow.
For more information about Desert Mountain Energy and its ongoing projects, visit the official website or the latest press releases.
Topics Energy）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.