Blue Star Helium has spudded its maiden helium exploration well, Enterprise 16#1, in Las Animas County, Colorado, in what has been described as a “significant” milestone for the company.
Confirming the news on Wednesday (Feb 17), the helium exploration company said it will now take approximately six days to reach a total depth (TD) of approximately 980 feet.
The well is set to test an interpreted structural high within the Enterprise prospect targeting a helium pay zone in the Lyons formation.
Trent Spry, Managing Director at Blue Star Helium, said, “The spudding of our maiden helium exploration well is a significant milestone for the company.”
“We have bult an industry-leading helium exploration and development business with a premier holding of prospective lands that we are now looking to rapidly advance.”
Once drilling is complete, the evaluation and testing programme can begin.
Already, open hole wireline logging across the Lyons formation is planning, following by flow testing. Gas sampling for compositional analysis will be conducted throughout the well testing programme.
Interim results from wireline logging and initial flow-back can be expected prior to the completion of flow testing.
Spry continued, “The drilling of Enterprise 16#1 represents just the first in a series of ten wells planned to be permitted and drilled across the portfolio this year.”
“The helium market is currently experiencing server and protracted supply restrictions, particularly in the US, marking our 2022 exploration programme of critical interest to market participants.”