American Noble Gas Provides Announces Commencement of Natural Gas and Helium Sales from its Initial Exploratory Well in the Hugoton Field
Lenexa, KS, Aug. 17, 2022 (GLOBE NEWSWIRE) -- American Noble Gas, Inc. (OTC-QB: IFNY) (“AMGAS” or the “Company”) today announced that helium and natural gas sales have begun from its initial exploratory well relative to AMGAS’s participation in its previously announced farm-out agreement (the “Hugoton Farm-out Venture”) to develop oil and gas and brine interests in the Hugoton Gas Field in Haskell and Finney Counties Kansas. The initial well was successfully connected to the gathering system, on August 11, 2022, which marked the beginning of the flow of natural gas and helium for commercial sales. The success of our initial well under our exploration program may indicate the discovery of remaining reserves within the Hugoton Gas Field, which could reinvigorate the Hugoton Gas Field, the largest conventional onshore natural gas and helium field in North America.
- The success of our initial well under our exploration program may indicate the discovery of remaining reserves within the Hugoton Gas Field, which could reinvigorate the Hugoton Gas Field, the largest conventional onshore natural gas and helium field in North America.
- The Hugoton Gas Field has previously been considered a depleted conventional gas field but our initial exploratory well results may serve to reinvigorate the entire Hugoton Gas Field.
- About the Hugoton Gas Field:
The Hugoton Gas Field is a prolific natural gas and helium gas field located in the States of Kansas, Oklahoma, and Texas. - Helium is separated out as a byproduct from natural gas, from the Hugoton field, the Panhandle field in Texas, the Greenwood field in Kansas, and the Keyes field in Oklahoma.