New Era Helium is constructing a 20,000 MCF/D natural gas and helium processing plant processing gas produced from the Pecos Slope Field located approximately 20 miles north of Roswell, New Mexico. The Pecos Slope Field is the only field in the Permian Basin that has commercial helium concentration levels. It covers an area of 731 mi2 (1893 km2) and is geographically one of the largest gas fields in the northwestern section of the Permian Basin, and ranks in the top 10 fields in gas reserves in the state of New Mexico.

New Era Helium’s plant will produce approximately 2.7 million standard cubic feet (MMscf) of gaseous helium per month or, an estimated 32 MMscf per year. The plant will also produce 477,000 MCF/D per month of methane and 32,545 bbls per month of natural gas liquids. Once operational in Q4 2024, production will represent between 1%-2% of the North American Helium Market.