Helium, a crucial element in diverse fields like scientific research, medical technology, manufacturing, space exploration, and national defense, holds a unique status due to its irreplaceable and chemically inert nature
Total Helium Ltd. (TOH.v or TTLHF for US investors) is actively contributing to securing a stable domestic helium supply in the US through their Pinta South Helium Field in Arizona's Holbrook Basin.
In a recent update, TOH shared exciting progress from Pinta South. They've successfully drilled 19 wells, with nine already linked to a 6-mile pipeline. The remaining 10 are in various stages of pipeline connection.
The initial helium output from the first 10 wells will be purchased by a leading industrial gas company, while helium from the rest will be available on the spot market.
Two of the connected wells have exhibited impressive productivity, consistently delivering between 232 Mcf/d, with helium concentrations ranging from 7.58% to 7.83%. During testing of three additional wells, the total production reached 450 Mcf/d, aligning with TOH's expectations.
TOH is optimistic about further increasing production rates through sand channel wells and deeper drilling. Their geological and engineering team has identified promising drilling locations and is actively pursuing 28 additional drilling permits.
The company anticipates receiving approval for 12 permits on privately owned lands within the next 30 days and an additional 16 permits on State-owned lands within the following 60 days, with a smooth permitting process expected.
Looking ahead, the drilling rig is scheduled to return to the field in mid-November. Previous drilling and completion operations adhered to the projected cost of US$220,000 per well and were executed on time and within budget.
These operations have also provided valuable insights into optimizing completion techniques for production from the project's Shinarump formation, including the use of larger casing diameters to enhance helium flow, a strategy set to be implemented in the upcoming drilling program.
More info here: https://www.totalhelium.com/cool_timeline/total-helium-announces-operational-update-at-pinta-south/
Posted on behalf of Total Helium Ltd.