StJohns Field is a massive helium reservoir and immense carbon storage basin located on 152,000 acres in Apache County, Arizona. Extensive third-party geological studies performed on the property indicate reserves of up to 33 billion cubic feet of helium in shallow, easily accessible reservoirs. Capable of producing one billion cubic feet of helium per year, it will be among the most prolific helium production sites in the world.
While most helium is extracted from natural gas deposits, the helium produced at St Johns is highly unusual in that it does not contain any hydrocarbons. The gas deposit is composed almost entirely of carbon dioxide, and as the helium is extracted in the production process, all of the excess CO2 will be reinjected into isolated geological formations and safely sequestered deep underground for millennia. As a result, the helium produced at St Johns is exceptionally clean and environmentally friendly, with a net zero carbon footprint.
Helium is the only element on the planet that is a completely non-renewable resource. It is both scarce and finite, with no commercially viable industrial process to replicate it. Helium is formed by the natural radioactive decay process of Uranium, and can be trapped underground if a halite or anhydrite cap exists above it. If helium is not trapped in this way, it escapes to the atmosphere and rises into space.
Helium is the coldest element, with a boiling point of only 4° Kelvin, and has unique superfluid properties. It has many applications as a high-tech coolant, and is a critical component for nearly all modern technology systems.
For example, liquid helium is used to cool the magnets in MRI systems, helping to optimize their function. It is also used to control the temperature of silicon in the semiconductor manufacturing process. Because Helium is inert and non-flammable, it is used in space and satellite systems as a purge gas in hydrogen systems, and as a pressurizing agent for ground and flight fluid systems. Both NASA and SpaceX are major consumers of helium.
Data centers use helium to encapsulate hard drives, which reduces friction and energy consumption - Google, Amazon, and Netflix are all major consumers. Quantum computing systems also use liquid helium in dilution refrigerators, providing temperatures as low as 2 mK.
Inaddition to its immense helium reserves, the geological characteristics of St Johns make it an ideal storage basin for carbon dioxide. With the ability to inject 22 million metric tons of CO2 per year and a total storage capacity of over 1 billion metric tons, St Johns is set to become one of the largest carbon capture sites in the world. Strategically located in the fast-growing American Southwest near several coal-fired power plants, Proton Green is well positioned to become a critical carbon sequestration hub in the region. The exceptionally well-suited geological storage structure, with its remote location, pipeline infrastructure, right of way, and Class VI storage permits (once granted) will be significant barriers to entry for competitors.
Hydrogen is steadily emerging as one of the most effective fossil fuel replacements and could become a lucrative opportunity for Proton Green as the global movement toward decarbonization and a net zero economy continues. Our processing plants are capable of producing large volumes of industrial-grade hydrogen while simultaneously sequestering the excess CO2 in underground storage basins, thereby qualifying as blue hydrogen. The hydrogen we produce can then be sold into the California markets and will be eligible for Low Carbon Fuel Standard (LCFS) credits as we help drive the transition toward a sustainable fuel and energy source.
Proton Green will partner with government agencies, NGOs, research institutions, and startup companies to create a cutting-edge incubator and innovation center for emerging carbon-neutral technologies and processes like blue hydrogen, CO2-enhanced geothermal energy, biomass energy, and carbon fiber materials. The research center will be located in a designated Opportunity Zone in the extreme southwest corner of the property, and Proton Green will provide CO2 to support research and development activities. We are currently pursuing an opportunity to develop a bioenergy plant that will convert forest-wood waste into biofuel.
A seasoned independent oil and gas producer since 1982, Mr. Looper has extensive experience drilling and operating wells in Colorado, Kentucky, Louisiana, New Mexico, Oklahoma, Texas and Wyoming. He also has project management in Botswana, Canada, South Africa and Zimbabwe. Since 1993, Mr. Looper has been focused on the development of large resource plays in West Texas at Riata Energy, Inc. and most recently in the Barnett Shale trend, where his capital providers achieved>100% rates of return. Mr. Looper is an alumni of West Texas State University, T. Boone Pickens School of Business and participated in the Harvard Business School, Executive Management Program 2003-2007.
Mr. Coates is a highly experienced oil and gas professional with a career emphasis on large-scale, unconventional resource development. He is currently involved in Helium development, carbon capture, oil and gas, and geothermal projects. His educational background in geology, geochemistry and engineering led to an initial career with Advanced Resources International, a domestic and international technical consulting firm at the forefront of unconventional resource development and Carbon Capture technology. He subsequently joined MCN Corp (now DTE Energy) in a senior management role to successfully develop a multi TCF natural gas reserve base in the US. He also co-founded an E&P company Patrick Energy with the funding of a family office that has led to a series of privately funded ($200MM capital) E&P companies built and sold over the past twenty years.
Ms. Fazio is an accomplished finance executive with broad functional expertise building and transforming finance functions. She has led diverse teams across multiple countries in accounting, finance, treasury, tax, risk management and investor relations. Her experience varies across industries with prior roles at Airswift, Frank’s International, Axon, and ThermoFisher Scientific. Ms. Fazio graduated from Bentley University in Waltham, MA.