By: AGORACOM Staff
In a significant milestone for the helium industry, Royal Helium Ltd. announced the awarding of installation contracts for the state-of-the-art Steveville helium processing facility. Royal is well positioned to be a leading North American producer of this increasingly high value commodity.
With meticulous consideration, Vise Energy Services of Lacombe, Alberta has been chosen as the lead Mechanical contractor, while Medallion Energy Services of Grande Prairie, Alberta takes the helm as the lead Electrical and Instrumentation contractor. Their expertise and commitment to excellence align perfectly with Royal’s vision for the Steveville facility, ensuring a seamless and efficient installation process.
The groundwork is already underway, with Broersen Construction of Brooks, Alberta and DFI Piling of Edmonton, Alberta leading the lease construction and civil works, nearing completion. Rangeland Trucking and Cranes of Airdrie, AB are primed to deliver the 5 main process skids and 6 minor skids, solidifying Royal’s commitment to meeting project milestones.
Meanwhile, Campus Energy Partners of Calgary, Alberta have been entrusted with engineering, procurement, construction, and management for the midstream pipeline services. Impressive progress has already been made, with the completion of the “South Pipeline” and the near-finalization of the “North Pipeline,” marking a significant stride forward.
John Styles, Royal’s esteemed lead engineer, expressed his satisfaction, stating, “The Steveville Facility fabrication and construction project is on track to be completed and onstream in Q3 of this year. We, along with Obsidian Engineering, are thrilled with the coordinated effort and exceptional quality of the preparation and construction work on-site, a testament to our unwavering commitment to excellence.”
The Steveville plant, at the forefront of innovation, is designed to process a staggering 15,000,000 cubic feet per day of raw gas, sourced from the two 100% owned helium wells at Steveville, Alberta. With an impressive annual production capacity of 22,000 mcf of 99.999% pure helium, the plant will cater to the burgeoning demand for this critical resource.
Furthermore, the plant will generate ample fuel gas to power its own operations and produce up to 22,000,000 pounds of commercial CO2, unlocking a potentially significant secondary cash flow stream for Royal.
As an exploration, production, and infrastructure company, Royal Helium Ltd. controls over 1,000,000 acres of prospective helium permits and leases across southern Saskatchewan and southeastern Alberta. With the current global undersupply of this non-renewable resource, Royal is on the proverbial launchpad as the company already signed a supply agreement with a major space launch company.
Setting itself apart from other jurisdictions, Royal’s helium reservoirs are predominantly carried with nitrogen, a non-greenhouse gas. This environmentally friendly approach significantly reduces the greenhouse gas footprint compared to regions relying on natural gas production for helium extraction. By extracting helium from wells in Saskatchewan and Alberta, Royal is leading the way, offering up to 90% less carbon-intensive helium extraction processes.
Royal Helium’s commitment to innovation, sustainability, and responsible practices is paving the way for a brighter, greener future in the helium industry. With the Steveville helium processing facility on the brink of completion, Royal is poised to shape the future of helium production and emerge as a trailblazer in this ever-growing and valuable market.
View press release here: https://agoracom.com/ir/RoyalHelium/forums/discussion/topics/791536-royal-helium-awards-installation-contracts-for-steveville-helium-processing-facility/messages/2387048#message
YOUR NEXT STEPS
Visit $RHC HUB On AGORACOM: https://agoracom.com/ir/RoyalHelium
Visit $RHC 5 Minute Research Profile On AGORACOM: https://agoracom.com/ir/RoyalHelium/profile
Visit $RHC Official Verified Discussion Forum On AGORACOM: https://agoracom.com/ir/RoyalHelium/forums/discussion
DISCLAIMER AND DISCLOSURE
This record is published on behalf of the featured company or companies mentioned (Collectively “Clients”), which are paid clients of Agora Internet Relations Corp or AGORACOM Investor Relations Corp. (Collectively “AGORACOM”)
AGORACOM.com is a platform. AGORACOM is an online marketing agency that is compensated by public companies to provide online marketing, branding and awareness through Advertising in the form of content on AGORACOM.com, its related websites (smallcapepicenter.com; smallcappodcast.com; smallcapagora.com) and all of their social media sites (Collectively “AGORACOM Network”) . As such please assume any of the companies mentioned above have paid for the creation, publication and dissemination of this article / post.
You understand that AGORACOM receives either monetary or securities compensation for our services, including creating, publishing and distributing content on behalf of Clients, which includes but is not limited to articles, press releases, videos, interview transcripts, industry bulletins, reports, GIFs, JPEGs, (Collectively “Records”) and other records by or on behalf of clients. Although AGORACOM compensation is not tied to the sale or appreciation of any securities, we stand to benefit from any volume or stock appreciation of our Clients. In exchange for publishing services rendered by AGORACOM on behalf of Clients, AGORACOM receives annual cash and/or securities compensation of typically up to $125,000.
Facts relied upon by AGORACOM are generally provided by clients or gathered by AGORACOM from other public sources including press releases, SEDAR and/or EDGAR filings, website, powerpoint presentations. These facts may be in error and if so, Records created by AGORACOM may be materially different. In our video interviews or video content, opinions are those of our guests or interviewees and do not necessarily reflect the opinion of AGORACOM.
From time to time, reference may be made in our marketing materials to prior Records we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.
NO INVESTMENT ADVICE
This record, and any record we publish by or on behalf of our clients, should not be construed as an offer or solicitation to buy or sell products or securities.
You understand and agree that no content in this record or published by AGORACOM constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person and that no such content is tailored to any specific person’s needs. We will never advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.
Neither the writer of this record nor AGORACOM is an investment advisor. Both are neither licensed to provide nor are making any buy or sell recommendations. For more information about this or any other company, please review their public documents to conduct your own due diligence.
If you have any questions, please direct them to [email protected]
For our full website disclaimer, please visit https://agoracom.com/terms-and-conditions