Natural Gas
Our priority is Helium
Natural Gas is an option
If the opportunity to extract natural gas, or even oil, makes sense then we will target other hydro-carbons on a case by case basis.
Independent testing corroborates the existence of large reserves of natural gas at our Holbrook and Golden Eagle prospects.
Golden Eagle
Geological opinion is that the upper Pennsylvanian Beds in the Ismay Formation at our Golden Eagle fields are highly Stressed and Fractured. In addition to Helium it is expected these features will translate into a prolific source of natural gas.
Holbrook Basin
Previous test wells drilled near the apex of the Holbrook anticline produced 2 mmcf of natural gas per day. Natural gas is likely trapped along the Devonian source rocks. We expect the reefs, beaches and sandbars at the edge of the Upper Supai Salt Basin to provide an abundant sourcen of natural gas.
thumb_up_alt Viability
Natural gas prices are at levels not seen since 2008. From 2021 prices rose more than 500% through June 2022.
Source: Trading Economics
live_help US Outlook
Demand Factors
done Higher average temperatures forces Americans to crank up the air conditioning.
done Supply has failed to keep up with strong demand for gas and there are relatively low inventory levels in the United States.
done Gas producers are under pressure from Wall Street to spend less on drilling projects and more on dividends and buybacks to shareholders.
done Europeas are reliant on energy from Russia who has slashed natural gas flows in response to Western sanctions. Prices in Europe are considerably higher than in the United States.
done Better export profits means the United States has stepped up its exports of LNG to Europe in an effort to mitigate the impact of reduced Russian gas flows.
EIA Forecast (Bcfd) 2023 2022 2021
Production 94 96 100
Consumption 83 86 85
Exports 9.8 10.8 12.7
Source: US EIA
US Natural Gas Imports / Exports
US Natural Gas Imports / Exports
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Source: US EIA
school Natural Gas 101
check_circle What
Natural gas is a fossil fuel formed from plants, animals, and microorganisms that lived millions of years ago. It is formed underground, under intense heat and pressure which causes the carbon bonds in the organic matter to break down into methane.
check_circle Where
Conventional natural gas is found within large cracks and spaces between layers of overlying rock. Shale gas is found where natural gas occurs in the tiny pores within some formations of shale, sandstone, and other types of sedimentary rock. Associated natural gas occurs with deposits of crude oil.
check_circle Discovery
Geologists identify likely formations via seismic surveys. If the site displays potential an exploratory well is drilled. Results from the test well determines if the formation is commercially viable and if so one or more production wells are drilled horizontally or vertically. In conventional deposits, the natural gas generally flows easily up through wells to the surface and is captured on site.
check_circle Extraction
Natural gas is most commonly extracted by drilling vertically from the Earth’s surface. In such cases the well is limited to the gas reserves it encounters. Horizontal wells may improve production and generally have less environmental impact. Hydraulic fracturing uses processes to further expand the amount of gas that a well can access. However this practice can have negative environmental consequences.
check_circle Processing
Wet natural gas that comes directly from the well is sent to processing plants and processed to separate natural gas liquids (NGLs) and other impurities. Dry, consumer-grade, or pipeline quality natural gas is then usually sent through pipelines to underground storage fields or to distribution facilities for final consumption.
check_circle Transportation
After natural gas is extracted, it is most frequently transported through pipelines (from 2 to 60 inches in diameter) from production fields to markets. When natural gas arrives at locations where it will be used, it flows into smaller diameter mains pipes and then into smaller service lines that go directly to homes or buildings.
check_circle Storage
Natural gas is stored in large volumes in underground facilities and in smaller volumes in tanks above or below ground. Most underground storage is in depleted natural gas or oil fields close to consumption areas. Alternatives are Salt cavern storage facilities and Water aquifers.
Methane gas is processed into LNG by cooling it to −161°C, at which point it becomes a liquid. This reduces the volume of the natural gas by a factor of more than 600. The reduced volume facilitates economical transport by sea or road to places that do not have pipelines.
factory Applications
done The United States used 30.28 trillion cubic feet (Tcf) of natural gas in 2021
done The equivalent of 31.35 quadrillion British thermal units (quads)
done Which amounted to 32% of U.S. total energy consumption.
(Source EIA)
Natural gas usage by sector
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The generation of electricity is a major use of natural gas and produces energy much cleaner than coal fired plants. Electricity generation can be via direct gas powered turbines, indirectly with steam turbines or a combination of both.
Natural gas is mostly used for thermal applications in industrial settings as well as waste treatment, food processing and for refining metals and petroleum.
In residential homes the most popular use of natural gas is heating and cooking and to power home appliances such as air conditioners, outdoor lights and clothes dryers.
Natural gas is used in commercial settings such as restaurants and shopping malls to power water heaters, dryers, and stoves.
Natural gas can also be used as an alternative fuel for cars, buses and trucks. There are more than 5 million natural gas vehicles (NGV) worldwide.
gas_meter Production

The United States is the world's largest producer of Natural Gas and since 2017 has been a net exporter.

The United States has the world's largest reserves, estimated at 1320.5 trillion cubic feet, 20% of global reserves.

The largest reserves in the USA are located in Texas, Oklahoma, and Louisiana, and even without new discoveries are estimated to last at least another 60 years.

Natural Gas producers
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Source: US Stats Division