Out on Colorado’s southeastern plains, not far from the Kansas state line, there’s a rare kind of plant that processes a natural resource found in limited amounts globally and produces something the world literally can’t get enough of.
The Ladder Creek plant just west of Cheyenne Wells is one of a handful of sites that extracts helium from natural gas after an involved process that freezes it, turns helium gas into a liquid and funnels it into waiting tanker trucks. Helium might make most people think of party balloons, but birthdays and election night celebrations aren’t the reason why the price of helium has more than doubled over the last 18 months or so.
And it’s not the reason Durell Johnson decided to buy the plant that he helped design and build in 1997 while working for Union Pacific Resources. His company, Tumbleweed Midstream, acquired the plant in December from Denver-based DCP Midstream.
Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.