‘Land rush’ on in Alberta as demand for lighter-than-air helium takes flight: Eight Capital analyst Phil Skolnick said, “Prices have been anywhere
from $200 to $600/MCF.” (MCF is an abbreviation for 1,000 cubic feet.)
“As a frame of reference, natural gas trades at about $3/MCF. Base case,
we could see helium demand outpace supply at least until 2025.”
The
helium market has the potential to be a “significant opportunity for
Canada,” given it has one-fifth of the world’s helium resources and sits
next door to the U.S., the largest consumer of helium, Skolnick said.
Saskatchewan in particular has come out of the gates running — the
province already has nine active helium wells in the province and 24 in the drilling process, according to the government of Saskatchewan.
‘Land rush’ on in Alberta as demand for lighter-than-air helium takes flight: Eight Capital analyst Phil Skolnick said, “Prices have been anywhere
from $200 to $600/MCF.” (MCF is an abbreviation for 1,000 cubic feet.)
“As a frame of reference, natural gas trades at about $3/MCF. Base case,
we could see helium demand outpace supply at least until 2025.”The
helium market has the potential to be a “significant opportunity for
Canada,” given it has one-fifth of the world’s helium resources and sits
next door to the U.S., the largest consumer of helium, Skolnick said.
Saskatchewan in particular has come out of the gates running — the
province already has nine active helium wells in the province and 24 in the drilling process, according to the government of Saskatchewan.Read More