Helios Energy Engages W.D. Von Gonten (ASX:HE8)
Industry-Leading Partnership
Helios Energy (ASX: HE8) has engaged W.D. Von Gonten Engineering LLC, a prominent petroleum engineering consultancy based in Houston, Texas. This partnership aims to leverage WDVG’s expertise in geological evaluation and advanced modelling services for the development of the Presidio Project in West Texas.
Expertise and Experience
W.D. Von Gonten Engineering brings over 30 years of experience within the oil and gas industry, with notable projects internationally, including Australia. The firm has conducted evaluations on more than 50,000 producing wells and offers state-of-the-art capabilities such as 3D hydraulic fracture modelling and comprehensive laboratory testing. Managing Director Philipp Kin expressed pride in partnering with WDVG, stating, “Their involvement speaks volumes about the quality of the asset and Helios Energy’s commitment to developing it in the most effective way possible.”
Significance for Helios Energy
This engagement underscores the strong potential of the Presidio Project, which is strategically positioned in the Marfa Sub-Basin. Helios Energy aims to use WDVG’s advanced technical solutions to support the successful realisation of the project’s commercial objectives. WDVG’s work will help de-risk the project, reinforcing the company’s growth strategy in a promising operating environment.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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