Altura begins He production from two recompleted wells

Executive Summary

• Altura Energy successfully recompleted two initial wells, re‑establishing helium flow to its on‑site processing plant.
• The wells are now producing and selling helium at a contracted $350 / mcf (less deductions), with initial 12‑hour flow rates of 123 mcf/day (Well 1) and 118 mcf/day (Well 2).
• Helium concentrations measured between 5%–8%; the company will conduct further gas analyses before recompleting additional wells.

Key Details

• Recompletion Dates: Well No. 1 – November 7, 2025; Well No. 2 – November 13, 2025.
• Initial Production Rates (first 12 hours):
• Well 1: 123 mcf/day of gas.
• Well 2: 118 mcf/day of gas.
• Helium Concentration: 5%–8% based on initial processing‑plant measurements.
• Offtake Agreement: Helium sold to an offtake partner at a contracted price of $350 U.S./mcf, less plant‑maintenance deductions.
• Downhole Pressures: Stable, indicating potential for long‑term production.
• Monitoring & Maintenance: Daily on‑site monitoring by a dedicated engineering and field team; evaluating any required maintenance for sustained output.
• Future Plans: Gas analysis pending; three additional wells are under evaluation for future recompletion once analysis is complete, aiming to optimize capital use.

Notable Quotes

“Since these wells have had no work done to them after being drilled in 2020, I was pleasantly surprised by the state of the wells and the positive pressure signs they are showing now that recompletion work has finished,” – Ashley Lastinger, Chief Executive Officer, Altura Energy Corp.