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18 min ago 2 min read
Helium exploration firms Helium One Global and Blue Star Helium have delayed plans to drill three new wells in Colorado, US, until March 2027 following longer-than-expected permitting.
The three wells at the Galactica-Pegasus project in Las Animas County are being developed through its 50:50 joint venture (JV) with project operator Blue Star Helium, with permits expected during Q4 2026.
Helium One originally expected to begin drilling the assets in , followed by six additional development wells in 2027 and the deepening of three existing wells.
The new wells would add to the project’s six production wells and could be tied into the project’s existing , which the firm said would not need to be expanded.
The Pinon Canyon processing plant has a nameplate capacity of approximately 2,200 thousand cubic feet of helium per month, with the JV targeting full capacity by the end of 2027.
“Success at these new wells would further increase raw gas throughput and helium production output,” Helium One said.
The update came as the JV reported delivering six helium tube trailers since starting commercial sales in July, generating AUD $460,000 ($323,100) in helium sales receipts during Q3 2026.
In September, Blue Star extended a helium offtake agreement covering “ helium” produced at the facility through 31 March 2027.
The JV also plans to tie in its Jackson 27 well, which contains around 98.3% carbon dioxide (CO2), to support future commercial CO2 sales.
However, Blue Star has said that starting CO2 liquefaction and sales remains subject to finalising commercial agreements and completing additional plant modifications.
The duo has identified up to 30 potential drilling locations across the Galactica-Pegasus project area.
