With a commitment to ensuring a stable supply of domestically produced helium for high-tech industries, Total Helium Ltd. (TOH.v or TTLHF for US investors) has been actively advancing its operations in the Holbrook Basin of Arizona.
Today, TOH gave an update showing that it has successfully drilled 19 wells at its flagship Pinta South Project, with nine now linked to a 6-mile pipeline. An offtake agreement with a prominent industrial gas company covers the initial 10 wells, while the rest will be sold on the spot market.
The productivity of two of the connected wells has been particularly impressive, consistently producing between 232 Mcf/d with helium concentrations ranging from 7.58% to 7.83%. During the initial testing phase of three additional wells, the total production increased to 450 Mcf/d, aligning with expectations.
TOH is enthusiastic about the prospect of enhancing production rates through the drilling of sand channel wells and deeper Coconino wells. The company's geological and engineering team has identified promising drilling locations, and it is currently filing for 28 additional drilling permits.
The company anticipates the approval of 12 permits on privately owned lands within the next 30 days, and an additional 16 permits on State-owned lands within the next 60 days.
Based on the company's prior experience with the permitting process in Arizona, it foresees no difficulty in obtaining the necessary permits.
Looking ahead, the drilling rig is scheduled to return to the field in mid-November. The previous drilling and completion operations were conducted on time and within budget, aligning with the company's projected cost of US$220,000 per well.
Valuable insights gained from earlier wells have provided a comprehensive understanding of which completion techniques are best suited for production from the project's Shinarump formation, including the use of larger casing diameters to accommodate increased helium flow.
These lessons will be implemented in the upcoming drilling program.
Full news here: https://www.totalhelium.com/cool_timeline/total-helium-announces-operational-update-at-pinta-south/
Posted on behalf of Total Helium Ltd.