The Helium Evolution Corporation recently announced that it has entered into a Farm-In Partner Agreement with an unnamed international oil exploration and production company to drill a second joint-well on the firm’s highly prospective land package. This second well is expected to provide Helium Evolution with an additional production stream, while also helping to ensure the long-term producer of alternative fuels and clean energy maintains steady cash flow.
The news of the Farm-In Partner Agreement follows on the heels of the successful completion of Helium Evolution’s first joint-well, which was drilled in the Wapiti region of Alberta. The first well tested for natural gas and was successful in delivering promising production results. The Farm-In Partner Agreement for the second joint-well will now bring another potential revenue stream to the company.
The Helium Evolution Corporation holds a diversified land package across Alberta, Saskatchewan, and the Northwest Territories, and this Farm-In Partner Agreement with the leading international oil exploration and production company allows the firm to develop the additional resource potential of the Wapiti region whilst also helping to increase the company’s ability to generate long-term and stable cash flow and revenue.
By investing in the development of new and promising land packages, Helium Evolution can continue to provide the market with alternative and sustainable energy sources. This Farm-In Partner Agreement also allows Helium Evolution to be part of the larger energy industry’s common goal of meeting global energy needs whilst simultaneously working to reduce society’s reliance on oil and gas production.
The Farm-In Partner Agreement adds to Helium Evolution’s growing portfolio of energy projects. With its first two successful joint-wells now in the arsenal, the firm looks forward to continuing to develop additional projects in the future.
Helium Evolution’s close collaboration with the unnamed international oil exploration and production company marks an important step forward in their long-term plan of diversifying their energy holdings and securing more potential sources of revenue. By investing in the development of new and promising land packages, Helium Evolution can continue to provide the market with alternative and sustainable energy sources while ensuring long-term and stable cash flow and revenue.