Helium exploration and development company Helix Exploration has reported helium concentrations of 1.1% at its Darwin #1 well at the Rudyard project in Montana.
The Rudyard Project is a large-scale domal anticline with proven helium gas up to 1.3% flowed to the surface from two adjacent wells.
Helix tested target reservoirs at Darwin #1 in the Souris and Red River intervals. All reservoirs were tested simultaneously in a single perforation over 236ft from 5,000ft to 5,100ft and 5,140ft to 5,276ft.
Testing delivered what the company described as highly encouraging results, flowing 2,750 Mcf/d of raw gas on a 40/64″ choke. Sample gas was formed of 1.1% helium and 95% nitrogen with very low levels of methane and no significant CO2 or water.
Bo Sears, CEO of Helix Exploration, said that with capacity for several production wells to operate of Rudyard field simultaneously, the project has potential to generate multi-million-dollar revenues per year.
“With low capital requirements and high yield return on investment Rudyard is attractive to many forms of project finance.”
He added that the Board is uniquely positioned to rapidly advance the company’s projects.
The Rudyard project includes three stacked reservoir horizons within two co-joined domed anticlinal structures.
News of the helium discovery comes just under a month after Helix reported helium concentrations of 2.5% at the Clink #1 well at the Ingomar Dome project in Montana.
Read more: Helix reports 2.5% helium concentrations, discovers hydrogen in Montana
Described by the company’s CEO, Bo Sears, as “encouraging results,” the helium concentration follows Helix earlier this year reporting “significantly elevated” helium at the location.
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