Conservation Group and Energy Company Reach Agreement on Planned Helium Development in Emery County, Utah

SALT LAKE CITY, UTAH—The Southern Utah Wilderness Alliance (SUWA) and IACX Energy, Dallas, TX, announced today that they have reached an agreement regarding IACX’s planned helium development in Emery County, Utah. The agreement was reached in advance of any appeals or litigation and resolves concerns raised by SUWA regarding the impacts of development of the potential helium resource on the Lost Spring Wash proposed wilderness area.

“This agreement gives SUWA certainty about the impacts that helium development may have to the Lost Spring Wash proposed wilderness area,” said Stephen Bloch, Legal Director for the Southern Utah Wilderness Alliance. “We appreciate that IACX was willing to sit down with us and negotiate an agreement that protects an important public landscape.”

“We are pleased to have reached an agreement with SUWA that allows IACX to proceed with this strategically important helium project. IACX appreciates that while the U.S. urgently needs more helium, developers must earn the social license to operate on federal lands. It made good business sense to listen to the many stakeholders who care about the management of these lands and find a middle ground that allows for the timely development of helium,” said Scott Sears, the company president. IACX uses proprietary processes to capture and purify helium at lower pressures and ambient temperatures. The company recently commenced operations on another helium project at Harley Dome, Utah.

The Bureau of Land Management (BLM) is analyzing IACX’s proposal to drill a helium test well on a location previously disturbed by natural gas development. If successful, IACX hopes to drill two additional test wells in the vicinity. IACX’s activities are located in the Woodside Dome field and in an area that was classified as United States Helium Reserve #1 by President Calvin Coolidge in 1924.

Helium is an indispensable commodity for many high tech uses including MRI machines, semiconductor manufacturing, the NASA program and fiber optics.

Posted by