Helium Evolution spuds first well; executes deal with North American Helium

Canadian helium exploration and production company Helium Evolution has spud its first helium well at its McCord property in Southern Saskatchewan.

Dubbed HE-1, the well is expected to take approximately 15 days from the spud date to reach total depth of approximately 2,670 meters targeting the Deadwood formation.

gasworld understands HE-1 well located targets a structural high, a geological characteristic typically associated with high concentrations of helium.

Greg Robb, President and CEO of Helium Evolution, said, “Spudding our first well at McCord is another significant milestone for HEVI.”