Jul 29, 2021   SOURCE: BusinessWire

Paradox Resources Announces Completion of Strategic Pipeline and First Deliveries of Helium Rich Gas from Capitol Operating Group on the Navajo Nation

Paradox Resources, LLC (“Paradox Resources” or the “Company”) today announced that—for the first time in history—Helium rich Navajo Nation gas produced by Capitol Operating Group, LLC is flowing to and being processed and sold at the Lisbon Valley Gas and Helium Processing Plant in southeast Utah. Capitol Operating Group, LLC is among the largest producers of helium in the 4 Corners area. This achievement was made possible by the completion of a new pipeline connection by Paradox Resources, which unlocked bottlenecks impeding the Navajo Nation’s access to the Lisbon Valley Gas and Helium Processing Plant.

“The completion of this highly strategic pipeline connection was made possible by the continued support of the Navajo Nation and Navajo Minerals Department for which we are thankful,” said Todd A. Brooks, Paradox Resources’ Chairman and Chief Executive Officer.

In conjunction with connecting the resources of the Navajo Nation to the Lisbon Valley Gas and Helium Processing Plant, Paradox Resources is continuing to advance the helium optimization and automation initiatives already underway at its Lisbon Valley Gas and Helium Processing Plant as it continues to expand the Company’s midstream system.

“Paradox Resources can process and sell the highest quality, purified and liquified helium, which is in short supply globally and is a critical element for the Semiconductor, Medical, Research, Space, and Defense Industries. The Company’s Lisbon Valley Gas and Helium Processing Plant is one of only eight material helium liquefiers in the United States, representing 7% of total North American helium liquefaction capacity,” explained Mr. Brooks.

About Paradox Resources:

Paradox Resources, LLC is an integrated energy company that now owns multiple producing oil and gas fields in Utah and Colorado and owns or operates ~600 miles of interconnected Pipelines and Gathering Systems in 4 states – the Four Corners Region of the US – all of which now interconnect enabling integrated and diversified gas flows to its Lisbon Valley Gas and Helium Processing Plant. The Lisbon Valley Gas and Helium Processing Plant is an advanced processing facility capable of treating 60 MMcf/d of natural gas with a 45 MMcf/d cryogenic plant and a 7,500 Bbl/d fractionation train. High quality residue gas, propanes, butanes, natural gasolines, and helium are all currently being sold at the Lisbon Plant. The once mothballed Lisbon Plant was restarted by the Company in 2018 and has since undergone material upgrades. At full capacity, it will strip and polish up to 1,100 Mcf/d of Helium to “6 Nines”, or 99.9999% purity. The Paradox Basin has been noted by the U.S. Geological Survey as having one of the largest undeveloped oil and natural gas fields in the United States and contains reservoirs with world-class helium content of up to 8% of the total natural gas stream. The vast majority of these volumes are now accessible by the Lisbon Valley Gas and Helium Processing Plant. More information about the Company may be found at paradoxresources.com.