The US Bureau of Land Management (BLM) held its FY 2019 Crude Helium Auction in Amarillo, Texas earlier today, with the average price rising $160.64/Mscf, or 135%, from the average price of $119.31/Mscf that resulted from the FY 2018 auction.
This was the fifth crude helium auction conducted by the BLM since passage of the Helium Stewardship Act of 2013.
It was also the last crude helium auction by the BLM as the Federal Reserve of crude helium will reach the minimum level of 3 billion cubic feet mandated by the legislation after delivery of the crude helium purchased in the FY 2019 auction and Conservation Helium Sale.
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