Too little investment is being directed toward helium exploration in North America, just as the region is on track to become a net importer.
That was the stark message delivered by Nick Snyder, Chairman and CEO of North American Helium (NAH), during day two of gasworld’s Helium Super Summit in Austin.
“The US is losing around three million cubic feet per year of [helium] production due to the decline of legacy sources,” Snyder told delegates. “The only way to replace this is with discoveries that make economic sense.”
NAH currently operates ten helium plants in Saskatchewan, Canada, and recently brought an eleventh facility online in partnership with Helium Evolution. The company now accounts for roughly 8% of North American helium production and holds nine million acres of exploration rights.
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