Googled Inez Helium field AI review2 Jul 2025 09:47
The Inez #1 well, located at the Rudyard Project in northern Montana, is a helium exploration and production well being drilled by Helix Exploration. It's the fourth production well at the project and is targeting the Souris River and Red River formations, which are known to contain helium. Drilling began on June 23, 2025, and is expected to take 10-14 days. The Inez #1 well is also significant as the first well in the southern dome of the Rudyard Project.
Here's a more detailed breakdown:
Location:
The Inez #1 well is situated approximately two miles south of the Linda #1 well, at the Rudyard Project in northern Montana.
Target Formations:
It's designed to test the Souris River and Red River formations, which are known to be helium-bearing.
Drilling:
Drilling commenced on June 23, 2025, and is expected to take 10-14 days.
Southern Dome:
Inez #1 is the first well to be drilled on the southern dome of the project.
Plant Construction:
Plant construction is also underway, with mobilization of membrane systems from Germany.
Production Timeline:
Helix Exploration remains on schedule for first helium production during the summer of 2025.
Company Strategy:
Helix Exploration aims to to develop its helium resources strategically and transition towards near-term cash flow.