New Era Helium Provides Operational Update on Facility Development and Strategic Progress
New Era Helium (NEHC) provided an operational update on its facility development and strategic progress. The company announced delays in the Pecos Slope Plant construction, with completion now expected in Q4 2025. The delay is attributed to ongoing negotiations with the midstream gatherer and processor, and delays in securing project financing during the de-SPAC process.
While NEHC properties are currently producing helium, the company doesn't receive payment under its existing marketing agreement, which is now continuing month-to-month. The company is actively pursuing discussions to enable access to its existing helium production.
In parallel developments, NEHC's joint venture with Sharon AI, Texas Critical Data Centers (TCDC), signed an LOI to acquire 200 acres in Ector County, Texas, for developing a 250MW net-zero AI/HPC data center. This initiative is part of the company's strategy to diversify revenue sources and leverage its helium and natural gas reserves to support AI, semiconductor manufacturing, and next-generation computing.
New Era Helium (NEHC) ha fornito un aggiornamento operativo sullo sviluppo delle sue strutture e sui progressi strategici. L'azienda ha annunciato ritardi nella costruzione della Pecos Slope Plant, con completamento ora previsto per il quarto trimestre del 2025. Il ritardo è attribuito a negoziazioni in corso con il raccoglitore e processore midstream, e a ritardi nel garantire il finanziamento del progetto durante il processo di de-SPAC.
Sebbene le proprietà di NEHC stiano attualmente producendo elio, l'azienda non riceve pagamenti ai sensi del suo attuale accordo di marketing, che ora continua mese per mese. L'azienda sta attivamente perseguendo discussioni per consentire l'accesso alla sua produzione di elio esistente.
In sviluppi paralleli, la joint venture di NEHC con Sharon AI, Texas Critical Data Centers (TCDC), ha firmato una LOI per acquisire 200 acri nella Contea di Ector, in Texas, per sviluppare un centro dati AI/HPC a emissioni nette zero da 250MW. Questa iniziativa fa parte della strategia dell'azienda di diversificare le fonti di reddito e sfruttare le sue riserve di elio e gas naturale per supportare l'IA, la produzione di semiconduttori e il calcolo di nuova generazione.
New Era Helium (NEHC) proporcionó una actualización operativa sobre el desarrollo de sus instalaciones y el progreso estratégico. La empresa anunció retrasos en la construcción de la Pecos Slope Plant, con la finalización ahora esperada para el cuarto trimestre de 2025. El retraso se atribuye a negociaciones en curso con el recolector y procesador midstream, y a demoras en la obtención de financiamiento para el proyecto durante el proceso de de-SPAC.
Aunque las propiedades de NEHC están produciendo helio actualmente, la empresa no recibe pagos bajo su acuerdo de comercialización existente, que ahora continúa mes a mes. La empresa está buscando activamente discusiones para permitir el acceso a su producción de helio existente.
En desarrollos paralelos, la empresa conjunta de NEHC con Sharon AI, Texas Critical Data Centers (TCDC), firmó una LOI para adquirir 200 acres en el Condado de Ector, Texas, para desarrollar un centro de datos AI/HPC de cero emisiones netas de 250MW. Esta iniciativa es parte de la estrategia de la empresa para diversificar las fuentes de ingresos y aprovechar sus reservas de helio y gas natural para apoyar la IA, la fabricación de semiconductores y la computación de próxima generación.
New Era Helium (NEHC)는 시설 개발 및 전략적 진행 상황에 대한 운영 업데이트를 제공했습니다. 회사는 Pecos Slope Plant 건설 지연을 발표했으며, 이제 2025년 4분기 완료가 예상됩니다. 이 지연은 중간 수집업체 및 가공업체와의 지속적인 협상과 de-SPAC 과정에서 프로젝트 자금 확보 지연에 기인합니다.
현재 NEHC의 자산은 헬륨을 생산하고 있지만, 회사는 현재 월별로 계속되고 있는 기존 마케팅 계약에 따라 지불을 받지 않습니다. 회사는 기존 헬륨 생산에 대한 접근을 가능하게 하기 위해 적극적으로 논의를 진행하고 있습니다.
병행 개발로, NEHC의 Sharon AI와의 합작 투자인 Texas Critical Data Centers (TCDC)는 텍사스 에크터 카운티에 200에이커를 인수하기 위한 LOI를 체결했습니다. 이는 250MW의 넷 제로 AI/HPC 데이터 센터를 개발하기 위한 것입니다. 이 이니셔티브는 헬륨 및 천연가스 매장량을 활용하여 AI, 반도체 제조 및 차세대 컴퓨팅을 지원하기 위한 회사의 전략의 일환입니다.
New Era Helium (NEHC) a fourni une mise à jour opérationnelle sur le développement de ses installations et ses progrès stratégiques. L'entreprise a annoncé des retards dans la construction de la Pecos Slope Plant, dont l'achèvement est désormais prévu pour le quatrième trimestre 2025. Ce retard est attribué à des négociations en cours avec le collecteur et le processeur midstream, ainsi qu'à des retards dans l'obtention du financement du projet au cours du processus de de-SPAC.
Bien que les propriétés de NEHC produisent actuellement de l'hélium, l'entreprise ne reçoit pas de paiement en vertu de son accord de marketing existant, qui se poursuit désormais mois par mois. L'entreprise poursuit activement des discussions pour permettre l'accès à sa production d'hélium existante.
Dans des développements parallèles, la coentreprise de NEHC avec Sharon AI, Texas Critical Data Centers (TCDC), a signé une LOI pour acquérir 200 acres dans le comté d'Ector, au Texas, afin de développer un centre de données AI/HPC à zéro émission nette de 250 MW. Cette initiative fait partie de la stratégie de l'entreprise pour diversifier ses sources de revenus et tirer parti de ses réserves d'hélium et de gaz naturel pour soutenir l'IA, la fabrication de semi-conducteurs et l'informatique de nouvelle génération.
New Era Helium (NEHC) hat ein operatives Update zu seiner Anlagenentwicklung und strategischen Fortschritten gegeben. Das Unternehmen gab Verzögerungen beim Bau der Pecos Slope Plant bekannt, deren Fertigstellung nun für das vierte Quartal 2025 erwartet wird. Die Verzögerung wird auf laufende Verhandlungen mit dem Midstream-Sammler und -Verarbeiter sowie auf Verzögerungen bei der Sicherstellung der Projektfinanzierung während des de-SPAC-Prozesses zurückgeführt.
Obwohl die NEHC-Standorte derzeit Helium produzieren, erhält das Unternehmen aufgrund seines bestehenden Marketingvertrags, der jetzt monatlich fortgeführt wird, keine Zahlungen. Das Unternehmen führt aktiv Gespräche, um den Zugang zu seiner bestehenden Heliumproduktion zu ermöglichen.
In parallelen Entwicklungen hat die Joint Venture von NEHC mit Sharon AI, Texas Critical Data Centers (TCDC), ein LOI unterzeichnet, um 200 Acres im Ector County, Texas, zu erwerben, um ein 250MW-Netto-Null-AI/HPC-Rechenzentrum zu entwickeln. Diese Initiative ist Teil der Strategie des Unternehmens, die Einnahmequellen zu diversifizieren und seine Helium- und Erdgasreserven zu nutzen, um KI, Halbleiterfertigung und rechnergestützte Technologien der nächsten Generation zu unterstützen.
- Signed LOI for 200-acre acquisition to develop 250MW net-zero data center
- Company is one of only two U.S. exchange-listed companies with proved and probable helium reserves
- Current properties are producing helium, though payments are pending
- Pecos Slope Plant construction delayed until Q4 2025
- Company not receiving payments under existing helium marketing agreement
- Ongoing uncertainty in negotiations with midstream gatherer and processor
- Delays in securing project financing during de-SPAC process
Insights
New Era Helium's operational update reveals significant timeline adjustments that impact the company's near-term outlook. The extension of the Pecos Slope Plant construction timeline to Q4 2025 represents a substantial delay that pushes revenue expectations further into the future. This postponement, attributed to ongoing negotiations with midstream partners and financing delays during the de-SPAC process, creates uncertainty around the company's path to full-scale commercialization.
Particularly concerning is the revelation that while NEHC properties are currently producing helium, the company does not receive payment under its existing marketing agreement, which has expired its primary term and continues month-to-month. This represents lost revenue opportunity in the near term, though management appears focused on rectifying this situation.
The data center development joint venture provides a potentially valuable diversification strategy, with tangible progress through the LOI for 200 acres in Ector County. This initiative aligns with broader industry trends connecting critical elements like helium and stable power generation to AI infrastructure needs.
NEHC's position as one of only two U.S. exchange-listed companies with both proved and probable helium reserves offers long-term strategic value, but the extended timeline for monetization increases execution risk. The coming 90-day period will be critical as management works to secure project financing and finalize agreements with midstream partners. Investors should closely monitor these negotiations as they represent significant near-term catalysts for the company's development trajectory.
Facility Construction Update
NEH is actively working with its Pecos Slope Field midstream gatherer and processor following a recent change in both its ownership and management. Discussions are ongoing and constructive, with NEH focused on securing the most efficient and economically advantageous outcome for the Company.
As a result of ongoing negotiations and delays in securing project financing during the de-SPAC process, the construction timeline for the Pecos Slope Plant has been extended. Completion of the Pecos Slope Plant is now expected to coincide with the commencement of plant operations in Q4 2025, in line with NEH’s updated development and financing milestones. NEH’s goal is to have the plant operational and project financing secured within the next 90 days, subject to the successful conclusion of ongoing discussions and approvals. Management continues to evaluate all options to accelerate this timeline should an expedited agreement be reached with its midstream gatherer and processor or should an alternative development path emerge.
Helium Offtake Agreement Contingencies
To ensure a seamless path to monetization, NEH has initiated contingency planning for helium offtake agreements in parallel with ongoing construction efforts and timing. The Company remains in active communication with its existing counterparties, while pursuing additional commercial flexibility to secure long-term value for future production.
In the helium sector, NEH is only one of only two companies trading on a major
As previously mentioned, NEH is actively engaged in discussions with the midstream gatherer and processor for the Pecos Slope Field and remains optimistic that a resolution can be reached to enable access to its existing helium production. Securing access to the Company’s current helium production would generate additional revenues to complement its current natural gas revenues. While there is no guarantee that NEH will reach an acceptable agreement with its current midstream operator and processor, the Company remains fully committed to executing its planned vertical integration model to unlocking the value of its helium production.
Data Center Development on Track
In parallel with the Company’s helium and natural gas operations, NEH’s data center activities with joint venture partner Sharon AI, Inc. remain on track, with progress continuing. The Company’s joint venture, Texas Critical Data Centers, LLC (TCDC), recently signed a Letter of Intent (LOI) [read here] to acquire 200 acres in
The data center initiative is part of the Company’s broader strategy to diversify revenue sources beyond traditional commodity-based sales and pursue an integrated energy solutions strategy that leverages both its helium and natural gas reserves to support AI, semiconductor manufacturing, and next-generation computing. Reliable power is key to unlocking data center growth and NEH is strategically positioned at various critical points in the AI ecosystem, including:
- Upstream (Creation of AI): Supplying helium for semiconductor fabrication, GPU cooling, and quantum computing, which are essential for developing AI hardware.
- Midstream (AI Processing & Infrastructure): Providing natural gas-based power solutions for AI data centers and high-performance computing (HPC) workloads.
- Downstream (AI Deployment & End-Use Applications): Supporting the scaling of AI-driven industries by ensuring stable, sustainable energy solutions.
E. Will Gray II, CEO of New Era Helium, Inc. commented: “We continue to advance a vertically integrated strategy that will strengthen New Era Helium’s position across multiple high-growth sectors. Right now, we’re at a pivotal stage where our helium production plans, and energy infrastructure strategy are beginning to converge. We remain focused on hitting key production milestones while building a resilient business capable of meeting the energy needs of today with the infrastructure and scale to support the accelerating demands of tomorrow. Although we remain optimistic about ongoing conversations with our midstream gatherer and processor, there is no assurance the outcome will result in an economically viable solution that aligns with the interests of both the Company and its shareholders. With this in mind, we remain diligent in our efforts to secure a vertically integrated operational model within the Pecos Slope so that we may maintain certain production milestones. That is where long-term value will be created, and we are pursuing this objective with diligence and urgency.”
About New Era Helium, Inc.
New Era Helium, Inc. is an exploration and production company that sources helium produced in association with the production of natural gas reserves in
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements.” Forward-looking statements reflect the current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this press release relating to our business strategy, our future operating results and liquidity and capital resources outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward–looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation: (a) our ability to effectively operate our business segments; (b) our ability to manage our research, development, expansion, growth and operating expenses; (c) our ability to evaluate and measure our business, prospects and performance metrics; (d) our ability to compete, directly and indirectly, and succeed in a highly competitive and evolving industry; (e) our ability to respond and adapt to changes in technology and customer behavior; (f) our ability to protect our intellectual property and to develop, maintain and enhance a strong brand; and (g) other factors (including the risks contained in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of
View source version on businesswire.com: https://www.businesswire.com/news/home/20250409753433/en/
Investor and Media Contact:
Investor Relations
Jonathan.Paterson@harbor-access.com
Tel +1 475 477 9401
Source: New Era Helium, Inc.
FAQ
When is New Era Helium's (NEHC) Pecos Slope Plant expected to be operational?
What is the status of NEHC's current helium production and revenue?
What are the details of NEHC's data center development project?
How does NEHC plan to integrate its resources with AI development?
