How Helios Energy Is Reviving Texas Wells and Building Its US Team

Restarting Production at Presidio

Helios Energy Ltd (ASX – HE8) has taken a significant step forward in its efforts to revive production at the Presidio Oil Project in Texas. Field crews are actively working on wells 141#1 and 141#2, focusing on restoring stable output and refurbishing surface facilities. Despite some weather-related delays, the company has already recovered intermittent oil, gas, and condensate, with around 500 barrels of oil stored onsite, signaling early progress toward sustained operations.

Strengthening US-Based Expertise

In parallel with operational activities, Helios has strategically expanded its US technical team by appointing a Chief Operating Officer, Chief Geologist, and Chief Drilling Engineer; all based in Texas and engaged on a contract basis. This move enhances the company’s in-house capabilities while maintaining a disciplined approach to overhead costs. The new team members bring deep experience across US oil and gas basins and intimate knowledge of the Presidio acreage, positioning Helios well for both immediate production challenges and longer-term development plans.

Collaborating with Leaseholders and Consultants

Helios is actively engaging with the two largest leaseholders in Presidio County, who have expressed strong support for potential new lease acquisitions. This collaboration could pave the way for expanding Helios’ footprint in the region. Additionally, the company is working closely with strategic consultants W D Von Gonten (WDVG) to refine subsurface understanding and align its re-entry strategy with future drilling and development opportunities.

Balancing Growth with Cost Control

Managing Director and CEO Philipp Kin highlighted the company’s dual focus on building a capable, cohesive team and maintaining cost discipline. By engaging key technical leaders on contract rather than full-time employment, Helios aims to avoid significant fixed overheads while accelerating its operational restart. This approach reflects a pragmatic balance between ambition and financial prudence as the company moves toward steady state production.

Looking Ahead

With production restart underway and a strengthened technical team in place, Helios is positioning itself to unlock value from the Presidio Oil Project. The coming months will be critical as the company works to stabilize output, expand acreage holdings, and refine its development strategy. Investors will be watching closely for updates on production volumes and the pace of operational progress.