• Jackson-29 well successfully drilled to a total depth of 1,183 feet, with a confirmed presence of free gas.
• High-quality gas-saturated sands encountered, with strong natural flow and no water detected during drilling.
• Helium and CO2 samples are being analyzed, and well head installation is in progress for pressure readings and flow testing.
Helium One Global (HE1) has announced the successful drilling of the Jackson-29 well at the Galactica Project in Colorado, reaching a total depth ("TD") of 1,183 feet. The well encountered 61 feet of gas-saturated sands within the Upper Lyons Sandstone Formation, boasting a high porosity range of 22-26%. This indicates robust reservoir communication and a strong natural flow, as evidenced by wireline logs.
Notably, no water was detected during the drilling process, suggesting good gas saturation. The well, which exhibited a strong natural flow, has had gas samples collected for laboratory analyses to determine helium and CO2 concentrations. As part of the next steps, well head installation is underway to conduct surface pressure readings and flow testing.
The Jackson-29 well contributes to the promising Galactica/Pegasus development, which was originally discovered in 2022. Prior results from the area have been favorable, with previous wells delivering gas flows of 125 to 412 Mcfd and helium concentrations ranging between 2.0% and 6.1%. Recent wells, such as State-16 and Jackson-31, have demonstrated production capabilities of up to 441 Mcfd and 500 Mcfd, respectively.
Helium One Global, alongside its partners, continues to advance its engineering and market analysis efforts, optimizing production forecasts and cost estimates for the Galactica Project. The initiative is part of a broader strategy to address the supply constraints in the helium market.
