The Impact of Selling the Federal Helium Reserve (2000) / Chapter Skim
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2 U.S. Federal Helium Reserve and the Helium Privatization Act
2 U.S. Federal Helium Reserve and the Helium Privatization Act
Pages 19-25
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From page 19... ...
The Federal Helium Reserve pertains solely to the crude helium gas that currently resides in the Bush Dome reservoir and includes neither the storage facility itself nor the associated pipeline. FEDERAL AND PRIVATE HELIUM FACILITIES AND CAPACITIES Table 2.
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From page 20... ...
Of greater consequence for this study are the specifications of the Federal Helium Reserve. The Federal Helium Reserve is stored in the Bush Dome reservoir in the Cliffside gas field near Amarillo, Texas (Figure 2.~.
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From page 21... ...
The long-term storage of crude helium would be very difficult without such a facility, and the long-term storage of both gaseous and liquefied refined helium is currently not feasible. The Bush Dome reservoir could be adapted for the storage of crude helium because of its recognized ability to contain natural gas with relatively high helium concentrations (about 1.86 percent)
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From page 22... ...
Third, the rates for the fixed and variable charges assessed private industry for the storage of helium at the Cliffside facility are calculated to offset the operating expenses of the facility. Each company that currently stores helium in the Federal Helium Reserve has signed a helium storage contract between itself and BEM.
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From page 23... ...
The information presented in Table 2.l and Figure 2.2 suggests that significant private helium production is coming from the second element, which is gas fields that do not enjoy access to the helium pipeline. The Rocky Mountain producers (the most important one by far is ExxonMobil)
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From page 24... ...
104-273's setting of rigid prices and sales volumes could work against the sale of the reserve, or it could attract potential buyers convinced that the asking price must eventually nse. Some of the crude helium currently residing in the Federal Helium Reserve is already being sold.
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From page 25... ...
P.~. 104-273 provides considerable additional detail about the liquidation of the Federal Helium Reserve that probably reflects the many concerns that were presented to the Senate Committee on Energy and Natural Resources in 1996, as well as to various other committees and panels throughout the 1990s.
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