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Energy
Helium One Global Ltd, a pioneering helium exploration company with significant stakes in Tanzania and the United States, has recently announced a crucial operational update regarding the Jackson-29 well at the Galactica-Pegasus helium project in Colorado. This development marks a significant milestone in the advancement of helium production in the region, despite weather-induced delays that have temporarily suspended operations.
The Jackson-29 well, located within the Galactica Project in Las Animas County, Colorado, is part of an extensive helium development initiative. Blue Star Helium, Helium One's partner in this project, has been instrumental in drilling and operational activities. The well's intermediate hole section has been successfully drilled to approximately 1,110 feet (338 meters), with casing set to ensure structural integrity[1][2].
Operations are currently on hold due to adverse weather conditions, which have hindered further progress. Once weather conditions improve, the next steps will involve evaluating the cementing program and performing a cement bond log (CBL) to confirm effective bonding. Subsequently, drilling will resume to target the Lyons Formation, a key gas reservoir within the Upper Lyons Sandstone Formation[1][2].
Upon reaching the total depth, the well will undergo comprehensive wireline logging, wellhead installation, and flow and pressure testing. These assessments will provide critical insights into the well's production potential and will be pivotal for future development plans[2].
The successful development of the Jackson-29 well is expected to be a significant milestone in tying the well into production facilities. This achievement will not only boost helium supply but also underscore Helium One's growing influence in the global helium market, which is currently facing supply constraints[2].
Helium One has a substantial presence in helium exploration, particularly in Tanzania where it has achieved notable success. The company's Itumbula West-1 well in Tanzania demonstrated a continuous helium flow of 5.5% in Q3 2024, leading to the successful application for a Mining License officially accepted in March 2025[1].
The Galactica-Pegasus project is a large-scale helium development initiative, discovered by Blue Star Helium in 2022. The project includes multiple potential product streams, with existing discoveries (JXSN-1 to JXSN-4) showing gas flows ranging from 125 to 412 thousand cubic feet per day (Mcfd) and helium concentrations between 2.0% and 6.1%[3].
Additionally, the State-16 well, drilled in June 2024, demonstrated helium concentrations of 1.9%, while the Jackson-31 well showed a natural flow rate of approximately 250 Mcfd[3]. The Jackson-4 well, which reached a total depth of 1,260 feet, encountered high-quality gas saturated reservoirs in the Lyons Sandstone Formation and showed no water intrusion, indicating strong potential for helium and CO2 production[4].
The development of helium resources in both Colorado and Tanzania positions Helium One as a key player in the global helium market. This market is facing significant supply constraints, which are critical given helium's essential role in numerous industrial applications, including cryogenics, semiconductor manufacturing, and medical imaging.
Helium's importance extends beyond its use as a lifting gas; it is crucial for cooling superconducting materials, such as those used in MRI machines and superconducting magnets. Thus, the successful extraction and supply of helium are vital for maintaining and enhancing these technologies.
Helium One's progress at the Jackson-29 well, despite current operational delays, marks an important step forward in helium exploration and production. The company's strategic involvement in both the U.S. and Tanzanian markets places it at the forefront of global helium supply chain development, poised to capitalize on the increasing demand for this critical industrial gas.
The helium market is experiencing a period of flux due to supply constraints and increasing demand from emerging technologies and traditional industries. As countries like the U.S. and Qatar are focusing on helium production to meet global needs, companies like Helium One are at the forefront of this effort.
Helium is an essential component across several industries:
Given its versatility and the shortage in supply, Helium One's success in developing new helium resources will be welcomed by these sectors.
Helium exploration is expanding globally, driven by the necessity to meet increasing demand. Companies are exploring new sites in Africa, the Americas, and the Middle East to capitalize on helium's growing market value.
Despite operational challenges such as weather delays and supply constraints, the helium industry offers significant opportunities for growth. Advances in drilling technology and strategic partnerships are key factors enabling progress in helium exploration and production.
Helium One's progress at the Jackson-29 well is indicative of the company's strategic efforts to enhance helium supply globally. As the world grapples with helium shortages, developments like these are critical for ensuring that industries reliant on helium can continue to thrive.
