The US Bureau of Land Management’s (BLM) FY 2019 Crude Helium Auction that was originally scheduled to take place on 18th July – but was postponed due to a lawsuit by Weil Group Resources – has been rescheduled to take place in Amarillo, Texas at 1:00 PM on 31st August.
A total of 210 million cubic feet (MMscf) of crude helium will be sold in the auction, with 5 lots of 25 MMscf each, 5 lots of 15 MMscf each and 2 lots of 5 MMscf each. This is a reduction of 30 MMscf from the quantity that was going to be sold if the auction had taken place as originally scheduled on 18th July.
BLM cancels FY 2019 Crude Helium Auction
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