You win some, you lose some. Helium Evolution reports drilling and abandonment of fifth farmout well

Brian Zinchuk

Brian Zinchuk is editor and owner of Pipeline Online

Helium Evolution’s first well. Photo courtesy Rob Pinckston

CALGARY, MANKOTA – Helium Evolution’s continuing its farm-in strategy with Saskatchewan helium leader North American Helium (NAH), having just drilled their fifth well together. However, that well didn’t work out too well, so to speak.

The well in question was at 6-13-5-7W3, what Helium Evolution (HEVI) refers to as “Test Well Area #2”.

This well was pursuant to a previously announced seismic agreement announced in June and October of 2022. Test Well Area #2 is situated approximately 20 kilometers northeast of the NAH helium discovery at Mankota. NAH is responsible for 100 per cent of the drilling costs for Test Well Area #2, while HEVI retains a 20 per cent working interest in that well.

NAH has also informed HEVI of its intention to amend one of its previously selected locations from 5-36-3-9W3 to 12-36-3-9W3 (“Test Well Area #1”), due to surface issues at the originally selected location. As Test Well Area #1 is now relocated on native prairie with regulatory requirements only allowing drilling access on frozen ground conditions, HEVI has granted NAH an extension of the spud date from the original August 31, 2023 to a date that is on or before Nov. 1, 2023.

Test Well Area #2 was drilled and fully funded by HEVI’s farmout partner, North American Helium Inc. (“NAH”), pursuant to a previously announced farmout arrangement. Helium Evolution reported on Aug. 30 that after reaching total depth, NAH notified HEVI that Test Well Area #2 will be abandoned.

As for future plans, on or before November 1, 2023, the Mankota location selected at 5-36-3-9W3 (“Test Well Area #1”) is scheduled to be spud by NAH. On or before March 31, 2024, the Fox location selected at 11-13-13-29W3 (“Test Well #4”) is scheduled to be spud by NAH.

NAH is responsible for 100 per cent of the drilling costs for Test Well Area #1 and Test Well #4, while HEVI retains a 20 per cent working interest in the wells.

• 0121 Ministry of Energy and Resources April 2026
  0121 Ministry of Energy and Resources April 2026
• 0134 SASPO-2956_ Safety 2026
  0134 SASPO-2956_ Safety 2026
• 0133 LC Trucking hiring Class 1A Payden
  0133 LC Trucking hiring Class 1A Payden
• 0132 UMWA 2026
  0132 UMWA 2026
• 0129 Turnbull drivers operators
  0129 Turnbull drivers operators
• 0128 OSY Rentals updated
  0128 OSY Rentals updated
• 0126 Steel_Reef_Promo_
  0126 Steel_Reef_Promo_
• 0118 IBEW 30 sec
  0118 IBEW 30 sec
• 0114 Prospera Bold Vision
  0114 Prospera Bold Vision
• 0113 Miller Epic Cinematic Hollywood trailer
  0113 Miller Epic Cinematic Hollywood trailer
• 0102 Lori Carr Coal Extended
  0102 Lori Carr Coal Extended
• 0099 Mryglod Steel 1080p
  0099 Mryglod Steel 1080p
• 0095 Fast Trucking nearly 70 years good at it
  0095 Fast Trucking nearly 70 years good at it
• 0046 City of Estevan This is Estevan Teaser
  0046 City of Estevan This is Estevan Teaser
• 0077 Caprice Resources Stand Up For Free Speech
  0077 Caprice Resources Stand Up For Free Speech
• 0061 SIMSA 2024 For Sask Buy Sask
  0061 SIMSA 2024 For Sask Buy Sask
• 0051 JML Hiring Pumpjack assembly
  0051 JML Hiring Pumpjack assembly
• 0049 Scotsburn Dental soft guitar
  0049 Scotsburn Dental soft guitar
• 0032 IWS Summer hiring rock trailer music
• 0022 Grimes winter hiring
• 0018 IWS Hiring Royal Summer
• 0013 Panther Drilling PO ad 03 top drive rigs
• 0002 gilliss casing services
  0002 gilliss casing services
• 9002 Pipeline Online 30 sec EBEX
  9002 Pipeline Online 30 sec EBEX
• 9001