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30 min ago 2 min read
Exploration firm Blue Star Helium has completed the early production commissioning and optimisation phase at its Pinon Canyon plant in Las Animas County, Colorado.
The company confirmed that its first helium production tube trailer has been sold and has left the facility.
In the second half of 2026, the company is evaluating the potential to deepen the six existing wells and plans to drill three new wells to tie them in to the Pinyon Canyon plant, subject to permit approval.
The company also plans to increase ongoing helium output during the production ramp-up by debottlenecking the plant and gathering system.
Under the three-month fixed-price signed in June, a second tube trailer is currently being filled on-site.
Trent Spry, CEO of Blue Star Helium, said, “The fixed pricing secured under our new offtake agreement reflects the strength of current US spot market demand.”
Based on the value metrics published by Blue Star Helium in January, each fully loaded trailer represents an of between $59,500 and $102,000.
The Pinyon Canyon plant is the site of Blue Star Helium’s Galactica Project, a joint venture with Helium One Global, in which Blue Star holds a 50% stake.
Speaking on a recent gasworld webinar, Lorna Blaise, CEO of HeliumOne, commented, “For all projects across the globe, relationship building is very important [because] offtakers clearly are key to underpinning any financial arrangements.”
