News & Alerts
First Federal Helium Auction Generates Over $14 Million for US Treasury
Amarillo, Texas -- July 30, 2014 -- The Bureau of Land Management conducted the first auction of federal helium under the terms of the recently enacted Helium Stewardship Act. A total of 92 Mmcf from the Federal Helium Reserve near Amarillo was sold, representing 10 percent of the total volume BLM will make available from the Reserve in Fiscal Year 2015. The helium was sold in 12 lots ranging from five to 10 MMcf, with bids ranging from $130 to $180 per Mcf, generating a total of $14,972,568 in revenue.