The Bureau of Land Management (BLM) has announced that its second annual auction of Federal helium at the Amarillo Field Office in Texas, held yesterday under the terms of the Helium Stewardship Act (HSA) of 2013, generated more than $28m.
A total of 300 MCF (thousand cubic feet) from the Federal Helium Reserve near Amarillo was offered, representing 25% of the total volume the BLM will make available from the Reserve in Fiscal Year 2016.
The helium was offered in 18 lots, ranging from 5-25 MCF, to a diverse array of companies from around the world. Bids ranged from $100 to $106 per MCF, generating a total of $28.5m in revenue.
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