Helium One Global has reached a major milestone in its Colorado helium development project, with construction officially commencing on the production facility pad and gathering system at the Galactica-Pegasus site.
The company also said that first production is on track for December 2025.
Helium One Global, which holds a 50% working interest in the project, said contractors Redbud Partners LLC and PVC broke ground yesterday on both critical components of the project.
The news will be welcomed by Helium One’s long-term shareholders who have suffered a series of setbacks over the years.
Investors will also be pleased to hear that current works are on schedule. Helium said the production equipment for the upgraded infrastructure has been procured and delivered according to schedule.
To prepare for future connections to other wells, engineers have designed the facilities to accommodate infill and expansion wells, complete with pre-installed taps and risers.
In terms of production, Helium production remains scheduled for December 2025 and CO2 sales will follow in the first half of 2026, creating dual revenue streams from the project.
The Galactica Pinon Canyon Plant will ramp up to full capacity as wells are progressively connected throughout H1 2026.