Ex TSD rig18 Jun 2026 15:21
Helix Exploration was selected by Renaissance Philanthropy's Chimaera Fund to join the Air Force Geologic Hydrogen Energy Resilience Initiative.
The demonstration program is assessing whether naturally occurring geological hydrogen can be used to strengthen energy resilience at critical Air Force bases. As a core partner, Helix is contributing subsurface measurements, drilling cost data, and geological expertise to a USAF techno-economic assessment, giving the company a valuable, government-affiliated foothold.
Owning the rig means that cheap drilling costs can be submitted. Probably another factor that accelerated the purchase.