RE: Helium extraction patent, too late?24 Nov 2019 11:18
I they've found a viable way of extracting the Helium and are now siphoning that part of the company off surely that's not right!
From the Patent:
[0108] In various embodiments, even in helium containing reservoirs (e.g., underground formations and/or aquifers), containing small amounts of helium (e.g., less than about 1% by volume), coalescing of the helium gas with a provided gas can provide an economically feasible method of producing helium. For example, in a 100-foot mining zone having an about 17% porosity, a helium concentration of about 0.5% by volume, and an about 50% recovery by volume, an economically advantageous amount of helium may be recovered using the methods and systems disclosed herein. For about 15% to about 25% gas saturation, there may be about 5,500 mcf of helium per section, which may result in about 6 to about 10 billion cubic feet (bcf) of recoverable helium. Such recovery may provide an undiscounted gross resource value of about one billion US dollars in helium and an undiscounted gross resource value of about one billion US dollars in natural gas, which would result in a total undiscounted resource value of about two billion US dollars. These illustrative estimates assume a one dollar per mcf for natural gas after processing the low BTU (e.g., nitrogen) comingled gas.