RE: Air Liquide position25 Mar 2026 12:28
Asking why gives:
Helix Exploration is shown as producing helium in the USA; the company officially began helium output at its Rudyard project in Montana in February 2026, making it the state's first helium producer. Recent reports confirm that gas is flowing from the Linda, Weil, and Darwin wells into the on-site PSA processing plant, and the company has secured its first helium transport trailer to support commercial delivery.
Despite this production, the perception that Helix is not yet producing may stem from the following factors:
Recent Start Date: Production only commenced in February 2026, meaning the company has been a producer for less than a month as of late March 2026.
Transition Phase: The company is currently moving from the "explorer" phase to a "producer," with management prioritizing the ramp-up of operations and the formalization of offtake agreements before scaling to full capacity.
Limited Public Visibility: Unlike established major gas producers, Helix is a pure-play exploration company that has only recently transitioned to revenue generation, so its production status is highlighted in specific industry news rather than general market data.