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Desert Mountain Energy secures permit for well drilling in Arizona

Desert Mountain Energy

Desert Mountain Energy, the exploratory company focused on rare earth gas fields, announced this Thursday it secured a permit from the Arizona Oil & Gas Conservation Commission, to drill an exploratory helium well in NE, Arizona.

Firstly, this wouldn’t be the first well that the company drills in the region; in fact, last year Desert Mountain Energy completed two wildcat helium wells; the new one would be located approximately 30 miles from those.

Secondly, all of these wells are situated among a known anticlinal feature; which the company ran proprietary geophysical studies pertinent to locating specific trapping mechanisms; those required to confirm commercial quantities of helium.

Thirdly, Desert Mountain Energy subcontracted the drilling company, which name was not disclosed. However, it said is now in queue for the drill rig; in addition to the open hole logging and cementing companies. 

Moreover, the company expects to the drilling company on site in seven to ten days; and it anticipates that the drilling of three new wells will happen prior to the completion procedures.

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Desert Mountain Energy expanding its solutions in the U.S.

In addition, according to the company’s statement, it will be adding additional staff during the time of the drilling activities, as production of other wells in the region is possible.

On the other hand, the company has been expanding its solutions in the U.S. Back in March 11, it announced the opening of its corporate offices, in Surprise, Arizona. It has also secured locations for further processing facilities in the Navajo County.

In fact, over the last 12 months, Desert Mountain Energy has grown the company from market cap of approximately $10,000,000.00 CDN; it has also reached a market cap in excess of $125,000,000, CDN.

Furthermore, its activities are particularly focused on the discovery and development of rare earth gas fields in the United States; as the discovery and development of these elements are proving to be vital for the clean energy sector; particularly to the development of solar panels and EV batteries.

Finally, the output of the company in its rare earth gases include helium (He), neon (Ne), argon (Ar), krypton (Kr), xenon (Xe), and radon (Rn).

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