The Bureau of Land Management (BLM) will hold a sale and auction of federally-owned crude helium tomorrow, 26th August, at its Amarillo Field Office in Texas.
The sale and auction will begin at 1:00 p.m. local time and will be live streamed at http://www.blm.gov/live.
The sale complies with the Helium Stewardship Act of 2013 that established an auction system for the sale of the federal helium and mandated that all property, equipment and interest held by the US in the Federal Helium Reserve be disposed of by 30th September 2021.
The BLM began an implementation plan in 2014 to provide for an orderly transition to a privatised system, while ensuring minimal market disruption. The plan included a series of helium sales (auctions and conservation helium sales), measures to ensure continued access to the helium supply for federal users, and the disposal of government assets in the system.
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