As the energy industry continues to face increasing pressure to shift toward sustainable sources, hydrogen fuel has reemerged as a viable alternative. Hydrogen fuel is clean, efficient, and renewable, and can be used in cars, ships, and even airplanes.
As more companies enter the hydrogen fuel market, the demand for helium has skyrocketed.The gas is used in a variety of industries, including space exploration, medical devices, and even laser welding.
Despite helium’s advantages, it is a precious resource and in limited supply. This has led to a rise in helium exploration, which can be both costly and risky.
Fortunately, one company is leading the way. Repeat Helium Evolution has just announced the formation of a farm-in partner to drill a second joint well. The well is expected to provide a steady source of helium, and help meet current and future demands.
The new farm-in partner, located in Fort Worth, Texas, brings together a number of experienced experts. The partner consists of geologists, engineers, and marketers, who all have an intimate understanding of the unique demands of helium exploration.
Once drilled, the two wells will be connected by the same lateral pipeline, giving Repeat Helium Evolution a competitive advantage in the market. The connection between the two wells will ensure a consistent supply of helium, and minimize disruptions.
Helium is an essential resource. With Repeat Helium Evolution’s recent farm-in partner, the company is helping to diversify the supply of this limited resource, while also demonstrating the potential of a renewable energy source.
REPEAT: Helium Evolution & New Partner Drill Second Joint Well!
