Jackson-29 Spud at Galactica Project
Jackson-29 development well spudded at Galactica helium project in Colorado with drilling underway.
- Jackson-29 well status Spudded, preparing intermediate hole section
- State-16 well production potential Up to 441 Mcfd, projected 250-350 Mcfd
- State-16 helium concentration 1.9%
- Jackson-31 natural flow rate Approximately 250 Mcfd
- Existing discoveries gas flows 125 to 412 Mcfd
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§ Currently preparing to drill intermediate hole section
Details
The Company is pleased to announce the spudding of the Jackson-29 SWNW 3054 development well at its Galactica helium project in Las Animas County, Colorado.
Photo of the Jackson-29 well being spud
The shallow conductor section has been set and blowout preventers are being installed and tested, and the next phase will be to drill through the intermediate hole section. After casing at the base of the intermediate section, the well will target the Lyons Sandstone Formation, with Target Depth ("TD") planned within the Upper Lyons Formation gas reservoir.
When TD is reached, wireline logging will then be conducted, followed by flow and pressure readings at the wellhead. This data will be used to estimate the production potential of the well based on the production model.
Jackson-29 is anticipated to be completed and ultimately tied-in to production facilities.
Galactica/Pegasus Development
The Galactica project forms part of the broader Galactica/Pegasus development, discovered by Blue Star in 2022. This large-scale project offers multiple potential product streams. Four existing discoveries at Galactica/Pegasus (JXSN-1 to JXSN-4) have delivered gas flows of 125 to 412 thousand cubic feet per day ("Mcfd") to 412 Mcfd with high helium concentrations of between 2.0% and 6.1%.
Blue Star further appraised the discovery of the State-16 well which was drilled in June 2024, as well as the Jackson-31 well (February 2025) and Jackson-4 well (March 2025).
Independent engineering consultants advised that State-16 is capable of producing up to 441 Mcfd with more stabilised rates constrained for production optimisation, projected to be between 250 Mcfd and 350 Mcfd. The well tested 1.9% helium and logs identified 96+ feet of gas column in the Lyons Sandstone Formation.
The Jackson-31 well has shown a natural flow rate of approximately 250 Mcfd which compares favourably to the State-16 well which showed a sustained natural flow rate of 150 Mcfd. Results are still pending on the Jackson-4 well.
Blue Star is advancing the Galactica project in joint venture with Helium One Global Ltd. Under the farm-in agreement, Helium One will fund the first US$450,000 of this well.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.