As the world continues to shift towards less carbon-intensive energy sources, one company is making significant strides in facilitating this transition. First Helium, a Canadian natural gas company, is well on its way to becoming a principal actor in the extraction and supply of helium, which boasts a range of applications from cooling MRI machines to powering rockets. In its commitment to stake a formidable claim in this market, the company recently organized a webinar to present high-impact exploration targets for the fall of 2024.
In the webinar, First Helium detailed its strategic goals and plans pertaining to its helium, natural gas, and oil projects. The company’s focus is on an exploration regime that is defined by the application of modern seismic techniques, to more effectively locate and exploit these resources. These innovative approaches are expected to increase productivity while reducing the company’s carbon footprint.
First Helium’s operations are centered in Western Canada—one of the world’s richest areas for helium. The company is working to introduce the previously untapped potential of this region to helium markets worldwide. In the webinar, the company highlighted a proposed plan for extensive exploration of roughly 134,000 acres over the next 18 months in this prime region.
An essential aspect of First Helium’s strategy involves exploiting natural gas wells that contain significant helium percentages. Utilizing these combined natural gas and helium wells allows the company to generate conventional hydrocarbon revenue while simultaneously extracting helium.
One of the high-impact exploration targets included in the webinar was the Worsley property in Alberta. This region is renowned for its high helium potential. First Helium currently plans to drill at least six wells in Worsley, with the potential to add more depending on the outcome of the initial drills.
Another noteworthy target identified by First Helium is the Krydor property in Saskatchewan. With a significant helium percentage in its natural gas reserves, this location is another lucrative exploration target. Both locations, Worsley and Krydor, are expected to add substantial value to the company’s helium portfolio.
Also emphasized in the webinar was First Helium’s commitment to safety, its responsible operating practices, and its adherence to environmental regulations. The company aims to ensure all operations are conducted in a manner consistent with industry best practices while mitigating any potential adverse impacts on the environment.
In conclusion, First Helium’s recent webinar advances its leadership in the burgeoning helium market. The high-impact exploration targets offer significant potential for helium production as well as the generation of conventional hydrocarbon revenue. With its strategic decision to focus on helium-rich natural gas wells, First Helium is poised to fuel the world’s growing demand for this versatile and indispensable gas, while also contributing to clean and responsible energy production.