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Red Helium Project

Sector: Energy • Location: Utah, USA

Source: Smallcaps

Project
Planned

Grand Gulf Energy is undertaking a technical review of its Red Helium Project in Utah, prompted by a significant increase in global helium prices due to supply disruptions in Qatar. The review aims to optimise the existing land position, assess reprocessed seismic data, and evaluate the feasibility of drilling a third helium well. The project made its maiden discovery with the Jesse-1A well in Jun

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Project Information

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The project “Red Helium Project” is an infrastructure initiative in the Energy sector, located in Utah, USA. Taiyo aggregates data on it from Smallcaps.

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Participants

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planned

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Description

Description

Grand Gulf Energy is undertaking a technical review of its Red Helium Project in Utah, prompted by a significant increase in global helium prices due to supply disruptions in Qatar. The review aims to optimise the existing land position, assess reprocessed seismic data, and evaluate the feasibility of drilling a third helium well. The project made its maiden discovery with the Jesse-1A well in June 2022, which encountered a gas column greater than 200 feet with 101 feet of independently audited net pay and 1% helium content.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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