Helix Exploration (LSE:HEX) has expanded its leasehold position at the Rudyard Helium Project in northern Montana to approximately 7,927 acres after securing an additional 360 acres of State of Montana mineral leases through a recent auction. The expanded acreage strengthens the company’s control over the crest and key flanks of the Rudyard Anticline, which hosts all three of Helix’s producing wells as well as its confirmed helium-bearing reservoir interval.
Since the original farmout, the company has grown its footprint at Rudyard by around 43%, consolidating ownership over the most prospective portion of the roughly 10,600-acre geological structure. The expansion comes at a time when global helium supply is under pressure following QatarEnergy’s declaration of force majeure on its LNG operations, a disruption estimated to remove about 30% of global helium production capacity. In this environment, domestically sourced U.S. helium is gaining strategic importance, positioning Helix among a small group of dedicated producers operating with their own processing facilities and a fully domestic supply chain.
More about Helix Exploration Plc
Helix Exploration PLC is a helium exploration and production company focused on the Montana Helium Fairway in northern Montana. The company became the first helium producer in the state and has been listed on AIM since April 2024. At its Rudyard Project, Helix utilizes existing infrastructure and low-cost processing to support production, while also evaluating the potential for hydrogen resources in the field as part of its longer-term growth strategy.
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