"flow rates at the State 16 SWSE 3054 helium discovery"
"independent engineering consultants have advised that the State 16 well is capable of a maximum rate of 441 thousand cubic feet per day"
"more stabilised rates constrained for production optimization projected to be between 250 - 350 thousand cubic feet per day"
"well is currently completed for tie-in to production facilities"
"commercial discussions with interested buyers ongoing"
"application for a new oil and gas development plan for 5 additional wells at Galactica has passed the completeness and technical review"
"Colorado Energy and Carbon Management Commission have set a hearing date of 4 September 2024"
"wells are expected to commence drilling in Q4 2024"
"tie-in to production facilities is also targeted for Q4 2024"
"work continues to de-risk the greater Galactica/Pegasus development"
"has been further derisked by the successful third-party commercialisation of the adjoining Red Rocks helium project"
https://oilman.beehiiv.com/p/oilman-jims-letter-july-3-2024
Worth reading
Ann: Development Well Permitting and Scheduling Update, page-12
Add to My Watchlist
What is My Watchlist?
