Tumbleweed Midstream signs new helium sales deal

gasworld

Tumbleweed Midstream, LLC has struck a new $500m, ten-year helium sales agreement with a global Tier One helium supplier.

The new take-or-pay agreement locks in the customer for Colorado, US-based Tumbleweed’s helium production until the end of 2030.

Specific terms of the agreement are undisclosed, but Tumbleweed estimates the value of the overall contract could exceed $500m according to a statement from the company. Final contract value will depend on the volume of helium produced by the Ladder Creek plant and delivered between now and year-end 2030.