Helium Evolution, an oil and gas exploration company focused on advanced technology exploration, recently announced the spudding of their joint well. The company has been at the forefront of developing and deploying cutting-edge technology to create reliable upstream oil and gas products since its launch in 2020.
The joint well, located in the Blanco County of Southern Texas, will be in partnership with Raven Resources and is the first of many plans from Helium Evolution expected over the next 5 years. It will initially be operated and drilled by Helium Evolution and then will be contracted to being run and managed by Raven Resources on a long-term basis.
The two companies have used science to identify resources on the land and have conducted geospatial mapping, which has identified large volumes of both oil and gas reserves on the property. By implementing advanced data-driven analysis and employing exploration tools such as seismic surveys and downhole logging, Helium Evolution is also able to quantify the volumes of resources located on the property.
The spudding of the joint well is a major milestone in the continuing development of Helium Evolution. “This well is the first step in our journey to develop more of the natural resources of the region and to build strong relationships with our partners,” said James Davies, CEO of Helium Evolution. “We are confident that this investment is going to provide us with a successful long-term plan in the upcoming years.”
In addition to identifying the natural resources located on the property, Helium Evolution is also working to build relationships with landowners in the area and has begun negotiations for long-term agreement to secure mineral rights in the area.
Helium Evolution is committed to being a responsible partner in the region and has promised to not only operate with industry best practices but to also donate to local charities in order to improve the quality of life in Blanco County.
Helium Evolution’s ability to deploy advanced technology and create reliable upstream oil and gas products for the industry is a positive sign for the future of the company. This joint well spudding is the latest achievement of the company and could lead to more successful projects in the future.