Altura Energy Reports Return to Helium Production; Begins Multi-Well Workover Program
Altura Energy (ALTU.V) has returned the two wells worked over to date, PSOC 23-15 and PSOC 22-8, to production following work completed during the company's 2025 field program, it said on Thursday."The flow rates are improving daily and final rates will be announced once wells have stabilized," the company said.Altura also completed cased hole log analysis on three previously drilled wells and the analysis identified additional potential within the Shinarump formation, increasing the number of prospective workover candidates from six to seven wells.A workover rig arrived on site on June 11, to "advance the next phase of field activity" and has begun workovers on the remaining five prospective wells in Saddle Horse Draw, the company added."The successful return of production is only the first step in unlocking long-term value from the Pinta South Helium Field," said Chief Executive Ashley Lastinger. "With the log analysis having identified a seventh workover target and the rig on site, we are well positioned to accelerate helium production growth and field development."Helium produced by wells in the Saddle Horse Draw area will be sold through a long-term offtake agreement, the company added.
