Tumbleweed Midstream News Today

VVC Continues Operational Progress and Anticipates Completion of Additional Wells by End of 2023

Royal Helium, the Saskatchewan-based helium exploration company, has signed a tolling services agreement with Tumbleweed Midstream of Colorado.

Royal Helium (TSXV: RHC) has assembled another piece of the production puzzle this morning, after it entered into an agreement

Air Products has started up the ‘world’s largest storage cavern’ in Texas, it was revealed during session one of the gasworld Helium Super Summit at the Westin Memorial City in Houston.

VVC Exploration Continues Expansion of Helium Portfolio, Acquiring New Gas Property in Kansas, U.S. VVC Exploration Corporation announces the addition of a new helium property in its recently acquired, wholly owned subsidiary, Plateau Helium Corporation a Wyoming corporation. The transaction bolsters VVC’s ability to capitalize on the growing demand for helium, driven by increased global usage. The property, known as the Monarch Lease, was purchased from Monarch Petroleum at a nominal cost an...

Press release content from Business Wire. The AP news staff was not involved in its creation. Tumbleweed Midstream Announces New 10-Year Helium Sales Agreement February 2, 2021 GMT CHEYENNE WELLS, Colo.--(BUSINESS WIRE)--Feb 2, 2021-- Tumbleweed Midstream, LLC (“Tumbleweed”) announced today it has executed a new 10-year helium sales agreement with a global tier one helium supplier. The new contract delivers a top-rated global customer for Tumbleweed’s Ladder Creek plant’s helium product...

Source: Tumbleweed Midstream Ladder Creek The new take-or-pay agreement locks in the customer for Colorado, US-based Tumbleweed’s helium production until the end of 2030. Specific terms of the agreement are undisclosed, but Tumbleweed estimates the value of the overall contract could exceed $500m according to a statement from the company. Final contract value will depend on the volume of helium produced by the Ladder Creek plant and delivered between now and year-end 2030. “We are extremely...

Thu, 12/17/2020 - 04:00 PM Every once in a while, what’s old becomes new again. It only takes someone to champion it and nurse it back to good health, even when the odds seem stacked against it. Durell Johnson, CEO of Tumbleweed Midstream, saw the chance to rekindle the magic of a long ago business when he and a group of private investors bought the Ladder Creek Helium Plant and Gathering system from DCP Midstream a year ago. Six months later, despite a bleak market and in the midst of the CO...