Blue Star Helium

Name

Blue Star Helium

Legal name

Blue Star Helium Limited

Website

https://bluestarhelium.com

Company type

Public

Founded year

1987

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Helium Production

NAICS

Industrial Gas Manufacturing (32512)

akta.pro primary industry

Helium & Rare Gases (Neon/Krypton/Xenon) (IMAEACAD)

akta.pro secondary industries

Cryogenic Liquids & Distribution (IMAEACAK), Electronic Specialty Gases (UHP gases for fabs) (IMAEAKAI)

Keywords

• Helium exploration
• Helium production
• Industrial gas supply
• Natural gas extraction
• Carbon dioxide production

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Helium Sales: Blue Star generates revenue from selling helium extracted at the Pinon Canyon Plant into the US market. Sales are structured as a combination of spot price short-term contracts and long-term supply contracts. The company achieved first helium sales in July 2026 under a three-month fixed-price offtake agreement with a major US industrial gases corporation, with pricing fixed at current US spot market levels.
2. Carbon Dioxide Sales (Planned): Planned second revenue stream from CO2 liquefaction at the Pinon Canyon Plant. The Jackson-27 well with 98.3% CO2 concentration is being developed to add CO2 as a monetisable by-product alongside helium production.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Blue Star Helium is an independent helium exploration and production company that discovers, extracts, and processes helium from natural gas deposits at its flagship Galactica-Pegasus project in Las Animas County, Colorado. The company operates the Pinon Canyon Plant, which processes raw gas through an amine unit to strip carbon dioxide and a Helium Recovery Unit to refine helium into tube trailers for sale. Helium is sold directly to US industrial gas buyers under spot market and contracted offtake agreements, with planned CO2 liquefaction to add a second revenue stream.

Product overview

Blue Star Helium Ltd is an independent helium exploration and production company operating a joint venture (50/50 with Helium One Global Ltd) on the Galactica-Pegasus project in Colorado. The company's core product is helium gas produced at the Pinon Canyon Plant, which processes raw gas through amine units to strip CO2 and Helium Recovery Units to produce saleable helium. The company sells helium into the US market through spot price and long-term offtake agreements. Blue Star also plans to commercialise carbon dioxide as a second revenue stream. Additional assets include the Voyager helium discovery and Serenity CO2 prospect, with a broader exploration portfolio across Las Animas County.

Differentiator

Problem solved

Functional benefit

Products and services

• Helium High-grade helium gas extracted from the Lyons Formation sandstone at the Galactica-Pegasus project and processed at the Pinon Canyon Plant. Sold in tube trailers to US market buyers under spot price short-term contracts and long-term supply agreements, serving industrial gases purchasers for use in semiconductors, MRI, aerospace, and cryogenics.
• Carbon Dioxide (planned)

Quantifiable outcome

• Project life expectancy exceeding 12 years for Galactica-Pegasus project
• +2 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered flagship and core.

• Major US Industrial Gases Corporation (Unnamed)flagshipChannel Partner/ Reseller/ Distributor · 4 June 2026Three-month helium offtake agreement covering all output from the Pinon Canyon Plant at the Galactica Project in Colorado. The agreement runs through August 31, 2026, with pricing fixed at current US spot market levels. This represents the joint venture's first formalised helium offtake commitment. The deal serves as a bridge arrangement while partners negotiate longer-term offtake contracts as plant operations transition from commissioning toward stable production.
• Helium One Global LtdcoreStrategic or Co-development Partner50/50 joint venture partnership with Helium One Global Ltd (AIM-listed, ticker HNG) for the Galactica-Pegasus helium development project in Las Animas County, Colorado. Blue Star Helium operates the project while Helium One holds 50% working interest. The joint venture achieved first helium sales in July 2026 from the Pinon Canyon Plant. Development plans include deepening existing wells and drilling three additional development wells during H2 2026.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Desert Mountain Energy Corp: Desert Mountain Energy (TSX.V: DME) is a helium exploration and production company operating in Arizona and the broader US Southwest. It is a comparable early-to-mid-stage helium pure-play targeting similar end markets (semiconductor, medical, aerospace) and operating in similar geological settings.
• Helium One Global Ltd: Helium One Global (AIM: HNG) is Blue Star's 50/50 joint venture partner on Galactica-Pegasus. It is an independent helium exploration company focused on primary helium resources with assets in both the US and Africa, making it the most directly comparable peer on asset type, JV structure, and target market.
• Royal Helium Limited: Royal Helium is a Canadian helium exploration and production company with assets in Saskatchewan and Alberta. It is comparable as a small-cap primary helium developer targeting industrial gas off-takers, operating in similar geological formations and serving similar end-use markets.
• Noble Helium Limited: Noble Helium (ASX: NHE) is an Australia-listed helium exploration company focused on the North Rukwa Basin in Tanzania. It is directly comparable as a junior primary helium explorer listed on ASX pursuing production from a dedicated helium resource targeting the same global helium supply gap.
• Helium Evolution Incorporated: Helium Evolution (TSX: HEVI) is a Canadian helium exploration and development company with assets in Saskatchewan. It is comparable as a junior helium pure-play pursuing primary helium resources and targeting similar offtake relationships with major industrial gas players.
• Global Helium Corp: Global Helium Corp (CSE: HECO) is a helium-focused exploration company with assets in Canada and the US. It is comparable as a small-cap helium pure-play pursuing primary helium resources in North America, targeting similar end-use markets and off-taker profiles.
• Avanti Helium Corp: Avanti Helium (TSX.V: AVN) is a North American helium exploration and production company focused on Sweetgrass Arch in Montana. It is directly comparable to Blue Star as a small-cap pure-play helium E&P pursuing primary helium resource development targeting the same North American industrial gases buyers.

Broad incumbents

• Air Liquide: Air Liquide (EPA: AI) is one of the largest global industrial gases companies with a major helium business, including US operations. It is a comparable broad incumbent in the helium supply chain that competes for the same downstream customers and off-take relationships targeted by Blue Star.
• Air Products and Chemicals: Air Products (NYSE: APD) is one of the world's largest industrial gases companies and a major helium producer via its Texas and global operations. It is comparable as a broad incumbent in the helium value chain with overlapping customer base and product portfolio, but at vastly greater scale and operating as a full-spectrum industrial gases major.
• Linde PLC: Linde PLC (NYSE: LIN) is one of the world's largest industrial gases companies and a major global helium producer, with Blue Star's own director Gregg Peters having previously run North American helium operations for Praxair/Linde. Linde is the prototypical incumbent off-taker and competitive benchmark for helium supply economics at scale.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/big-star-energy-limited
• Xx.com/HeliumBlue

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Blue Star Helium