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Business Wire
2 days ago
- Business
- Business Wire
New Era Helium Advances Hyperscaler Discussions and Prepares for Board Expansion to Accelerate AI Infrastructure Strategy in the Permian Basin
MIDLAND, Texas--(BUSINESS WIRE)--New Era Helium, Inc. (Nasdaq: NEHC) ('NEHC' or the 'Company'), a next-gen exploration and production platform in the Permian Basin, today announced that Texas Critical Data Centers, LLC ('TCDC') its joint venture with Sharon AI, Inc., is in active discussions with certain large enterprise customers to anchor its planned AI infrastructure buildout in Ector County, Texas. While no formal agreement has been signed, the Company is actively working to align TCDC's Permian Basin AI Infrastructure efforts with the needs of a large-scale, high-performance computing (HPC) development. As part of these discussions, TCDC is pursuing additional land in close proximity to the current site with the goal of scaling the data center campus to potentially support significant expansion of powered capacity. This could represent a transformative digital infrastructure footprint in the Permian Basin that will link abundant local energy in the Permian Basin with the surging demand for AI compute. In addition, the Company has also identified three new board candidates with expertise spanning energy, infrastructure, and digital innovation. The Company is completing final due diligence, and the appointments are expected to reinforce the Company's governance and long-term growth strategy. E. Will Gray II, CEO of New Era Helium, Inc., commented: 'Our vision is to power the next era of AI infrastructure from the heart of America's energy backyard, the Permian Basin. Interest in Texas Critical Data Center validates the value of our location and our strategy. We're committed to building out a scalable, resilient platform to meet the rising energy demands of AI.' About New Era Helium, Inc. New Era Helium, Inc. is a next-gen exploration and production platform unlocking the full value of its Permian Basin assets. The Company controls over 137,000 acres in Southeast New Mexico, with more than 1.5 Bcf of proved and probable helium reserves sourced alongside natural gas production. Through its joint venture, Texas Critical Data Centers, LLC, NEHC is capturing multi-sector growth across helium, power, and data infrastructure. For more information, visit Follow New Era Helium on LinkedIn and X. Forward Looking Statements: This press release may contain forward-looking statements. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms 'believe,' 'estimate,' 'project,' 'anticipate,' 'expect,' 'seek,' 'predict,' 'continue,' 'possible,' 'intend,' 'may,' 'might,' 'will,' 'could,' would' or 'should' or, in each case, their negative, or other variations or comparable terminology. These forward looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our product candidates, commercialization objectives, prospects, strategies and the industry in which we operate. Forward-looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance or results will be achieved. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements.
Associated Press
29-04-2025
- Business
- Associated Press
New Era Helium Receives Approval for Approximately 120 Miles of Rights-of-Way to Support Midstream Business Unit and Responsibly Sourced Gas Initiatives within the Pecos Slope, Permian Basin
MIDLAND, Texas--(BUSINESS WIRE)--Apr 29, 2025-- New Era Helium, Inc. (Nasdaq: NEHC) ('NEH' or the 'Company'), an exploration and production (E&P) company sourcing helium from natural gas reserves in the Permian Basin, today announced it will commence its infrastructure buildout within the Pecos Slope Field within the next two weeks as it has secured approval for approximately 120 miles of Rights-of-Way (ROW) in collaboration with the U.S. Department of the Interior's Bureau of Land Management (BLM) Pecos District Office. This major milestone supports the Company's efforts focused on delivering Responsibly Sourced Gas (RSG) and Responsibly Sourced Helium (RSH™). NEH is advancing plans to replace the aging gathering infrastructure originally installed in the early 1980s, which currently poses significant inefficiencies and environmental concerns. The legacy system, owned and operated by a third party, experiences approximately 25% Field Loss and Unaccounted For (FL&U) gas, leading to substantial financial and environmental impacts. For example, NEH's current daily production of approximately 4,000 Mcfpd, combined with a 25% loss, results in approximately 30,000 Mcf of monthly vented methane ('Ch4') equivalent to the CO₂ emissions produced by approximately 37,905 passenger vehicles per year. These estimates reflect the Company's production and does not take into account the remaining volumes that are gathered and treated by this aging system each day. With this new infrastructure, NEH Midstream LLC, New Era Helium's wholly owned subsidiary, aims to minimize methane emissions, positioning its production for RSG certification and enhancing the value of its helium as RSH™, a designation trademarked by the Company. Since 95% of the world's helium is produced alongside natural gas, NEH sees a major opportunity to lead the industry in both reducing emissions alongside creating Methane Performance Certificates (MPCs), similar to carbon credits. NEH has been granted an initial six-month window by the BLM to temporarily shut in its wells during the installation of the new gathering system, should it elect to utilize this option. The Company is also working closely with the New Mexico State Land Office to ensure alignment with regulatory standards. Expected regulatory updates within the next 90 days could further streamline pipeline installations, potentially reducing project costs and timelines. In parallel, NEH is finalizing design optimizations with its plant manufacturer, Arjae Design Solutions, focusing on enhancing helium purity at the plant's tailgate. The Company remains committed to begin helium sales in late Q4 2025, pending timely construction progress. Additional updates will be provided in the coming weeks. E. Will Gray II, CEO of New Era Helium, Inc., commented: 'Reducing fugitive methane emissions is critical to our environmental stewardship goals and supports our broader mission to deliver responsibly sourced products. Methane has a significantly higher global warming potential than CO₂ and modernizing the Pecos Slope Field's infrastructure will not only improve operational efficiency but also greatly reduce the region's carbon footprint, located within southeastern New Mexico portion of the Permian Basin, while positioning us to meet evolving regulatory standards and enhance long-term value for our stakeholders.' About New Era Helium, Inc. New Era Helium, Inc. is an exploration and production company that sources helium produced in association with the production of natural gas reserves in North America. The company currently owns and operates over 137,000 acres in Southeast New Mexico and has over 1.5 billion cubic feet of proved and probable helium reserves. For more information, visit Follow New Era Helium on LinkedIn and X. Cautionary Note Regarding Forward-Looking Statements This press release contains 'forward-looking statements.' Forward-looking statements reflect the current view about future events. When used in this press release, the words 'anticipate,' 'believe,' 'estimate,' 'expect,' 'future,' 'intend,' 'plan' or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this press release relating to our business strategy, our future operating results and liquidity and capital resources outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward–looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation: (a) our ability to effectively operate our business segments; (b) our ability to manage our research, development, expansion, growth and operating expenses; (c) our ability to evaluate and measure our business, prospects and performance metrics; (d) our ability to compete, directly and indirectly, and succeed in a highly competitive and evolving industry; (e) our ability to respond and adapt to changes in technology and customer behavior; (f) our ability to protect our intellectual property and to develop, maintain and enhance a strong brand; and (g) other factors (including the risks contained in the 'Risk Factors' section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results. View source version on CONTACT: Investor and Media Contact: Investor Relations [email protected] Tel +1 475 477 9401 KEYWORD: UNITED STATES NORTH AMERICA TEXAS INDUSTRY KEYWORD: OIL/GAS ENERGY SOURCE: New Era Helium, Inc. Copyright Business Wire 2025. PUB: 04/29/2025 07:30 AM/DISC: 04/29/2025 07:29 AM
