$115M Transferred From Amarillo-managed Federal Helium Reserve To U.S. Treasury

A total of $115 million generated from the 2016 sale and auction of crude helium from the Federal Helium Reserve — which is managed by the Amarillo Bureau of Land Management field office — is being transferred to the U.S. Treasury, according to a news release. The Helium Reserve has returned more than $1.75 billion to the US Treasury between 2005-2017 through the sale and auction of crude helium, according to the BLM. Crude helium is used in national defense, energy, medicine, space exploration and technology development. The BLM’s crude helium plant currently supplies about 15 percent of the global helium demand and about 42 percent of the need in the U.S.

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