The sale of Federal Helium Reserve Assets, initially announced in Jun'23 and extended until January 23, 2024, by the US General Services Administration (GSA), is set to conclude with a sealed bid opening on January 25th, 2024. This extension has provided potential bidders with additional time to assess updated helium and natural gas reserves data in the Bush Dome. Despite a legal challenge from Air Products, a court decision in Nov'23 facilitated the GSA to proceed with the sale. The assets for sale include federally owned crude helium gas with 1bcf of crude helium (Lot 1) and the Federal Helium System with 800mmcf of crude helium and 144bcf of native gas with 1.8% helium content (Lot 2), along with associated facilities, wells, and pipelines.
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