Mendell Helium

M3 Helium is engaged in the production of helium, focusing on assets located within the Hugoton gas field in Kansas, one of North America's largest natural gas fields. The company's strategy centers on capitalizing on the proximity of its wells to established infrastructure, including a gathering network and the Jayhawk gas processing plant. This access is critical for reducing operational costs and delays, enabling a swift and efficient pathway to transport extracted helium to market. The business operates in a market characterized by rapidly depleting global sources and increasing demand for helium, driven by its applications in the energy transition, electronics, and AI sectors.

The company generates revenue through its ownership interest in producing wells. For instance, M3 Helium holds a 20% interest in the Peyton well, which is currently in production and generating a monthly net return. This specific well produces naturally without the need for a pump and holds further potential, with three additional formations that can be completed for future production. The operational environment in Kansas is supported by a large, established oil and gas industry, providing a robust framework for the company's activities.

Keywords: Helium production, natural gas, Hugoton gas field, Kansas, resource extraction, energy infrastructure, gas processing, well ownership, commodity market, energy transition