In a move that is sure to change the face of the helium supply market as we currently know it, the US’ Bureau of Land Management (BLM) has recently revised its methodology for calculating the price of crude helium for open market sales.
Representing more than just the average cost pass-through news announcements, the BLM has revised its methodology for calculating the price of the crude helium offered during its yearly Open Market Sale – a move that could now have far reaching consequences.
As a result, Federal Crude Helium will be sold at $75.00 per thousand cubic feet in FY2011, compared to $64.75 in 2010, signaling a 15.8% price increase. This price covers helium debt repayment and interest and includes administrative and storage costs.
Minimum price
The BLM is responsible for administering the Department of the Interior’s Federal Helium Program, following the intent and requirements of the Federal Helium Privatization Act of 1996 (Act).
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