Helix Exploration (LSE:HEX) has initiated gas production at its flagship Rudyard Project, becoming the first company to produce helium in Montana and marking a key milestone as it moves from exploration into revenue-generating operations. Initial production is being delivered from three wells connected to a pressure swing adsorption processing plant, with output expected to increase as operational efficiencies improve and a fourth well, Inez, is brought online following completion of testing.
The commencement of production supports ongoing discussions with prospective offtake partners, with Helix aiming to secure a combination of short- and long-term sales agreements to optimise pricing and revenue stability. Although additional testing at the Inez well has been temporarily delayed due to drilling equipment issues, the company said the underlying helium and hydrogen resource potential remains unaffected, reinforcing confidence in the project’s long-term development prospects.
More about Helix Exploration Plc
Helix Exploration PLC is a helium exploration and development company focused on the Montana Helium Fairway in northern Montana. The group targets helium and nitrogen production from the Souris and Red River formations at its Rudyard Project, utilising existing infrastructure and cost-efficient processing solutions to build scale and generate near-term cash flow for industrial gas markets.
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