Blue Star Helium Advances in Colorado: Key Insights into Jackson 29 Well

April 10, 2025 03:48 PM AEST | By Team Kalkine Media

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Blue Star Helium Advances in Colorado: Key Insights into Jackson 29 Well — Image source: Shutterstock

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Highlights

Discovery of gas at Jackson 29 propels Blue Star Helium forward.

North American helium market projected for robust growth.

Blue Star Helium (BNL) collaborates with Helium One Global in development efforts.

Blue Star Helium (ASX:BNL) recently announced a significant gas find at its Jackson 29 well, marking another milestone in its Galactica project located in Colorado. The discovery is part of the company's ongoing development efforts, which have shown promising results, further cementing its position in the helium industry.

Upon hitting the targeted Lyons formation at a depth of 1,122 feet, the drilling proceeded to reach a total depth of 1,183 feet, venturing 61 feet into the upper sand of the Lyons formation. The successful encounter of the gas-rich sandstone, which has shown strong natural flow and no water presence, aligns with the expectations set by adjacent wells. This promising development is underpinned by wireline tests and observations from nearby wells, all suggesting a high saturation of gas in the upper Lyons sand layers.

As part of the next steps, Blue Star Helium is working on installing a wellhead at the Jackson 29 site. This setup will facilitate critical surface pressure readings, enable comprehensive flow testing, and allow for more detailed gas sampling. These tests are crucial as they will determine the well's potential for future commercial production.

In collaboration with Helium One Global, which is funding the initial drilling costs up to US$450,000, Blue Star Helium is keenly focused on bringing Jackson 29 to production readiness. The joint venture underscores a strategic partnership aiming to leverage each company's resources and expertise to maximize the project's success.

The importance of these developments is magnified by the broader market dynamics. According to Precedence Research, the North American helium market, already valued at around $2.4 billion in 2024, is expected to experience significant growth. Forecasts suggest a compound annual growth rate of 6.85% from 2025 to 2034, driven by looming supply shortages. Globally, the helium market is anticipated to expand to approximately US$12.1 billion by 2034, with a steady annual growth rate of 6.72%.

This continued success at the Jackson 29 well not only supports Blue Star Helium's strategic objectives but also highlights its role in addressing the growing global demand for helium. With its commitment to advancing its projects and its strategic collaboration with Helium One Global, Blue Star Helium is well-positioned to play a significant role in the future helium supply landscape.

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