Alternative Resources

Super basins around the world offer plentiful opportunities for exploration and development, even with the temporarily reduced financial outlook of the oil industry. Ask explorationists to pick a favorite in today’s environment and the popular choice is almost a cheat. The Gulf of Mexico isn’t just a super basin. It’s a huge expanse of prospects and possibilities, of proven resources and potential reserves. An onshore, near-shore, offshore and deepwater exploration province that is really a vast collection of basins and geological features.

Helium rose back into the news recently, in part because of drilling exploration programs planned for an area along the Alberta-Saskatchewan border in southern Canada. North American Helium Inc. of Calgary announced it had arranged additional equity financing of about $29 million to purchase and construct its second helium purification plant at the Battle Creek field in southwest Saskatchewan and to fund an active drilling program. A number of other companies are reportedly involved in North American helium exploration projects, including Desert Mountain Energy Corp. and Royal Helium Ltd. of Vancouver, Weil Group Resources LLC in Richmond, Va., and Australian explorer Blue Star Energy.