HyTerra, an Australian company focused on hydrogen exploration and production, has secured 100% owned and operated leases on the Nemaha Ridge of Kansas.
These leases cover more than 7,500 acres and are located in an area known for natural hydrogen occurrences. The company’s expansion in the US, including its existing interest in Project Geneva in Nebraska, reflects its commitment to exploring and exploiting hydrogen resources.
The operated leases on the Nemaha Ridge, located in Riley, Geary, and Morris counties, grant HyTerra exclusive rights for exploration and exploitation of minerals, oil, gases, and particularly hydrogen and helium. The company aims to expand its lease holdings throughout 2023 as part of its strategic growth plan.
The Nemaha Ridge leases are significant because they contain several well sites with published hydrogen occurrences. Gas analysis from the wellbores has confirmed at least 10 natural hydrogen occurrences in the area, with hydrogen concentrations reaching up to 92%. These occurrences are in proximity to industries, infrastructure, and potential end-users, making them attractive for future development.
The Nemaha Ridge is a structural feature that spans across eastern Kansas and Nebraska. It is associated with the Mid-Continent Rift, where hydrogen originates from iron-rich rocks. The rift’s faulting provides pathways for hydrogen migration to the Nemaha Ridge, resulting in the presence of multiple hydrogen occurrences.
HyTerra has adopted a data-driven approach to understand the natural hydrogen prospectivity on the Nemaha Ridge. By analyzing well logs, geochemical data, and geophysical data, the company has developed a geological model for natural hydrogen exploration. This model serves as the basis for their leasing strategy and identifies areas with the highest potential for hydrogen resources.
To expedite the exploration and development process, HyTerra has outlined a focused exploration program. This program includes conducting geophysical surveys, independent resource assessments, and well design and permitting. The company aims to mature a portfolio of prospects and have permitted well sites by 2023.
In addition to the Nemaha Ridge, HyTerra is also progressing its activities at Project Geneva in Nebraska, where it collaborates with Natural Hydrogen Energy LLC. The company is conducting well testing and planning for future activities at the site.
To support its US hydrogen strategy, HyTerra intends to raise up to A$2.5 million through a placement. These funds will be allocated equally between the Nemaha Ridge and Project Geneva, ensuring both projects have sufficient financial backing for advancement over the next 12 months. The placement is subject to compliance with listing rules and may require shareholder approval.
HyTerra’s expansion in the US and its focus on exploring natural hydrogen resources in Kansas and Nebraska demonstrate the growing importance of hydrogen as a clean energy source. The company’s efforts align with global goals to decarbonize industries and reduce reliance on fossil fuels. As HyTerra continues its exploration and development activities, it contributes to the advancement of the hydrogen sector and the transition to a sustainable energy future.
