Blue Spruce Operating
Blue Spruce Operating is a private Wyoming-based developer advancing the Dry Spruce/Dry Piney Helium & Carbon Sequestration Project in Sublette County, currently in FEED and FID evaluation, targeting semiconductor and aerospace end-markets with domestically produced high-purity helium and carbon storage.
- Company typePrivate
- Founded-
- HeadquartersPinedale, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Blue Spruce Operating does
Blue Spruce Operating is a privately-held natural resource development company headquartered in Pinedale, Wyoming, that is advancing the Dry Spruce/Dry Piney Helium & Carbon Sequestration Project in Sublette County. The project is designed to extract naturally occurring helium from subsurface formations while simultaneously sequestering carbon dioxide, combining two resource-recovery streams into a single development. The company is positioning the output to serve high-tech industrial end-markets — specifically semiconductor manufacturing and aerospace — that require high-purity helium and face ongoing domestic supply constraints.
The company is currently operating in the Front-End Engineering Design (FEED) and Final Investment Decision (FID) evaluation phase, which means the asset has not yet reached a final construction or commercial production decision. Its leadership consists of three principals: Scott Gutberlet as Corporate Executive, Robert Ferguson (CFA) as Partner, and Andrew Moses as Partner. The combination of upstream oil and gas expertise, financial structuring capability, and project development experience is intended to drive the project from feasibility into execution. Business model details — including pricing, offtake structure, revenue mix between helium sales and potential carbon credits, and customer agreements — are not disclosed in the available information, and the company has no reported revenue at this stage.
Blue Spruce Operating firmographics
Firmographics- Name
- Blue Spruce Operating
- Legal name
- Blue Spruce Operating
- Website
- https://bluespruceoperating.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Blue Spruce Operating is a private Wyoming-based developer advancing the Dry Spruce/Dry Piney Helium & Carbon Sequestration Project in Sublette County, currently in FEED and FID evaluation, targeting semiconductor and aerospace end-markets with domestically produced high-purity helium and carbon storage.
- Ownership category
- akta.pro rank
Where Blue Spruce Operating is headquartered
LocationHeadquarters
- HQ city
- Pinedale
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Blue Spruce Operating business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D
Marketing channels1 record
Blue Spruce Operating product offering
Product offeringCore offering
Blue Spruce Operating is developing the Dry Piney Helium & Carbon Sequestration Project in Sublette County, Wyoming. The project involves extracting crude helium from natural gas streams and permanently sequestering CO2 underground. The company is currently in the FEED (Front-End Engineering Design) and FID (Final Investment Decision) phase, with the project designed to supply domestic helium to high-tech industries such as semiconductor manufacturing and aerospace while delivering permanent carbon sequestration.
Product overview
Blue Spruce Operating operates as a single-project energy development company focused on the Dry Piney Helium & Carbon Sequestration Project. The flagship project addresses growing demand for domestic helium from high-tech sectors while making contributions to carbon reduction initiatives. The company is currently in the FEED (Front-End Engineering Design) development and FID (Final Investment Decision) evaluation phase for the project.
Differentiator
Problem solved
Functional benefit
Products and services
- Dry Piney Helium & Carbon Sequestration Project
Companies that use Blue Spruce Operating
Customer profileSegments1 record
Ideal customer profiles1 record
Blue Spruce Operating technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Blue Spruce Operating partnerships and signals
Strategic signalRecent moves3 records
Expansion highlights3 records
Blue Spruce Operating competitors and assessment
Company assessmentEmerging players
- Noble Helium: Australia-listed helium exploration company focused on the Rukwa project in Tanzania. Comparable as a pure-play, pre-revenue helium developer with a similar cap table structure (early-stage principals and small team) and shared exposure to helium-demand tailwinds.
- CarbonCapture Inc. U.S. direct air capture developer building mega-scale DAC facilities with geologic sequestration partnerships. Comparable as an emerging CCS developer pursuing 45Q-funded commercial scale, sharing exposure to MRV costs, sequestration geology, and federal incentive durability.
- Helium One Global: UK-listed helium exploration company advancing helium projects in Tanzania and the U.S. Comparable as a pure-play helium developer at a similar early-development stage targeting the same end-use markets (semiconductors, medical, aerospace).
Broad incumbents
- Air Products and Chemicals: Global industrial gas major and one of the largest helium producers and distributors worldwide. Comparable as the dominant incumbent whose supply decisions and pricing directly shape the helium market that Blue Spruce Operating is targeting, and a likely offtake or strategic counterparty for the Dry Piney Project.
- Linde plc: Largest industrial gas company globally with significant helium sourcing, processing, and distribution capabilities. Comparable as a broad incumbent in the helium value chain whose long-term supply contracts, pricing, and strategic partnerships will influence Dry Piney's commercial outcomes.
Direct peers
- Desert Mountain Energy: Public helium exploration and development company pursuing helium production from wells in the U.S. Southwest. Closely comparable as a focused helium developer with a single-asset thesis, similar stage of development, and shared exposure to helium pricing and offtake dynamics.
- ExxonMobil (LaBarge / Shute Creek Helium Operations): Operates the largest helium production and processing complex in the U.S. at LaBarge/Shute Creek in Sweetwater County, Wyoming, extracting helium from natural gas reservoirs. Directly comparable to Blue Spruce Operating on geography (Wyoming), feedstock (helium-bearing natural gas), and end-markets (industrial gas, high-tech).
- IACX Energy: Private U.S. helium recovery and production company operating helium extraction plants associated with natural gas processing. Highly comparable as a helium-focused operator extracting and marketing helium to industrial-gas end-users from gas-field feedstock.
- Occidental Petroleum (1PointFive): Occidental's 1PointFive subsidiary is developing large-scale carbon capture and sequestration projects, including direct air capture at STRATOS in Texas. Comparable as a developer pairing subsurface CO2 storage with revenue-generating industrial activity, accessing the same 45Q tax credit and voluntary carbon credit markets.
Regional players
- SM Energy: U.S. upstream operator with active Rocky Mountain operations and prior employer of Blue Spruce's corporate executive (Scott Gutberlet). Comparable as a Rockies-focused operator with overlapping subsurface, midstream, and reservoir-engineering expertise, providing a regional talent-pool and infrastructure analog.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights5 records
Customer concentration
Blue Spruce Operating social profiles
Digital presenceBlue Spruce Operating financial estimates
Financial estimateRevenue estimate
Valuation estimate
Blue Spruce Operating leadership team
Management profileNumber of profiles
Profiles3 records
Blue Spruce Operating funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Blue Spruce Operating M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Blue Spruce Operating
What does Blue Spruce Operating do?
Blue Spruce Operating is developing the Dry Piney Helium & Carbon Sequestration Project in Sublette County, Wyoming. The project involves extracting crude helium from natural gas streams and permanently sequestering CO2 underground. The company is currently in the FEED (Front-End Engineering Design) and FID (Final Investment Decision) phase, with the project designed to supply domestic helium to high-tech industries such as semiconductor manufacturing and aerospace while delivering permanent carbon sequestration.
Is Blue Spruce Operating a public or private company?
Blue Spruce Operating is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Blue Spruce Operating founded?
Blue Spruce Operating was founded in -1. It employs 1 to 10 people.
Where is Blue Spruce Operating based?
Blue Spruce Operating is headquartered in Pinedale, United States, in the North America region.
Who are Blue Spruce Operating's main competitors?
Emerging players on record are Noble Helium, CarbonCapture Inc. and Helium One Global. Broad incumbents are Air Products and Chemicals and Linde plc. Direct peers are Desert Mountain Energy, ExxonMobil (LaBarge / Shute Creek Helium Operations), IACX Energy and Occidental Petroleum (1PointFive). SM Energy is listed as a regional player.
Does Blue Spruce Operating have an API?
No public API is recorded for Blue Spruce Operating.