Helium Evolution, one of the leading producers of helium gas in the US, today announced that it has partnered with Farm-in, a local exploration company, to drill their second joint well. This joint venture between Helium Evolution and Farm-in is being done in order to increase the potential of an existing helium resource in an area near Butte, Montana.
The joint venture between Helium Evolution and Farm-in is expected to open up new opportunities for both companies. Farm-in is looking to leverage its geological expertise and geographic positioning while Helium Evolution is hoping to use the farm’s experience of drilling in the area to further increase the potential of the existing helium resource.
Both companies are confident that their joint venture will be a success and will help them to increase their production of helium. Helium’s properties make it a key resource for modern industrial and medical use, and the bubbles produced by helium are one of the most popular toys for children all across the world.
Helium Evolution has been involved in a number of successful joint ventures, but this is the first with Farm-in. This new partnership has allowed both companies to expand their reach beyond their respective geographical boundaries and to work collaboratively in the development of a new resource.
The joint well that Helium Evolution and Farm-in are planning to drill is in an area that has already been identified as having a rich helium resource. The hope is that this new venture will help to increase production of helium, which in turn could help to reduce prices for customers who rely on helium gas.
As the demand for helium continues to grow, companies like Helium Evolution and Farm-in are looking to partner up to increase production and meet customer needs. Their joint venture to drill their second joint well has the potential to be a beneficial one for both of them as well as customers who rely on helium for their day-to-day needs.