Business
Altura Energy Advances Helium Production with Infrastructure Upgrades and Multi-Well Development Program
Building Stable Helium Production in North America as Global Supply Vulnerabilities Come into Foc...
About this update from Altura Energy Corp
[{"type":"text","content":"Altura Energy Advances Helium Production with Infrastructure Upgrades and Multi-Well Development ProgramBuilding Stable Helium Production in North America as Global Supply Vulnerabilities Come into FocusVancouver, British Columbia--(Newsfile Corp. - March 19, 2026) - Altura Energy Corp. (TSXV: ALTU) (FSE: Y020) (\"Altura\" or the \"Company\") is pleased to provide an operational update following the successful recompletion of two helium wells, as announced on November 20, 2025.The recompleted wells demonstrated strong initial flow rates of 123 mcf/day and 118 mcf/day respectively and confirmed the presence of high-grade helium concentrations estimated between 5% and 8%, supporting the Company's strategy of redeveloping legacy wells within the project area.Following these successful recompletions, the Company completed additional field testing and diagnostics, including a detailed evaluation of the legacy pipeline infrastructure connecting the wells to the processing facility.During this evaluation, the Company discovered portions of the existing pipeline that showed evidence of degradation, resulting in lower levels of gas reaching the plant than expected. As a result, sections of exposed surface piping were repaired, and the Company ultimately made the decision to temporarily shut all wells and initiate a pipeline replacement program designed to improve long-term reliability and operational field monitoring.\"Through the operational improvements we are implementing across the field, we are focused on building a reliable production platform capable of supporting consistent helium delivery to the market,\" said Altura CEO Ashley Lastinger.Pipeline Replacement and Infrastructure UpgradesAltura has sourced and delivered a new pipeline to the project location and has executed a master service agreement (the \"Master Service Agreement\") with a contractor to complete the required installation work. Construction is expected to begin once permits have been received and will take approximately 8 weeks to complete.The infrastructure upgrade program will include the installation of a new pipeline connecting the wells to the processing plant as well as additional operational improvements intended to enhance field monitoring and maintenance.These improvements include the installation of isolation valves along the pipeline system to allow fo...