Altura Energy Expands Helium Production Footprint in Arizona

Strategic farm-in agreement secures additional 2,560 acres near existing wells in Holbrook Basin

Apr. 6, 2026 at 11:38am

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Altura Energy Corp. has finalized a farm-in agreement covering approximately 2,560 acres in the Holbrook Basin, Arizona surrounding existing helium production from two wells in which the company holds a 20% non-working interest. The agreement provides Altura with the right to develop additional helium production across acreage directly adjacent to the existing wells, which have generated over $11 million in helium sales since 2021.

Why it matters

The expansion of Altura's helium production footprint in the Holbrook Basin comes at a critical time, as global helium supply chains face disruptions due to geopolitical tensions and natural gas processing challenges. Developing diversified and secure helium sources in North America is crucial to supporting industries that rely on consistent access to the gas, such as medical imaging, semiconductor manufacturing, and aerospace.

The details

The two existing wells that Altura has a 20% stake in have been producing helium from the Shinarump and Coconino formations, at a depth of approximately 300 meters. The new acreage acquired through the farm-in agreement potentially supports up to an additional 64 wells in a single formation, with further upside potential in other untested pay zones.

  • Altura's existing wells have been producing helium since 2021.
  • The farm-in agreement was finalized on April 6, 2026.

The players

Altura Energy Corp.

An exploration and production company with interests in the Holbrook Basin of Arizona.

Ashley Lastinger

Chief Executive Officer of Altura Energy.

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What they’re saying

“Securing this acreage is a meaningful step in building a scalable helium platform. The combination of shallow, proven formations, strong initial well economics, and multi-zone upside gives us a clear path to disciplined growth. This Agreement positions Altura to systematically develop a high-quality inventory of wells in a tightening global helium market.”

— Ashley Lastinger, Chief Executive Officer, Altura Energy

What’s next

Altura plans to begin development of additional helium production wells on the newly acquired acreage in the coming months, leveraging the existing infrastructure and knowledge gained from the two producing wells.

The takeaway

Altura's strategic expansion in the Holbrook Basin positions the company to capitalize on the growing global demand for helium, a critical industrial gas with applications in medical, technology, and aerospace sectors. By securing additional acreage near its existing production, Altura is poised to build a scalable and geopolitically secure helium platform to serve the North American market.