My landman buddy is working on a 70 square mile lease in Minnesota for a massive helium deposit.
Another 700 square miles in Iowa for hydrogen.
He said he has multiple jobs in multiple states for hydrogen leases.
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How do you invest in this?
Drill, Baby, Drill!
The Minnesota helium deal is Pulsar Helium. Stock is currently a penny stock. My buddy said the helium strike was huge and pure as helium goes. They aren’t sure how big the total deposit is which is why they are leasing 70 squares.
Kind of an old article from July 2024; anything newer out there
on this ? And that’s on helium , not hydrogen. Can’t burn helium as a fuel.
Duh, the part of the article of importance was the US guvmint sold off the helium surplus.
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Yea, that was dumb. They need it for things like cancer treatment.
And birthday parties.
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We gots aplenty. Just have to recite the true motto of Texas. Drill, baby, drill.
Okay, that wasn’t clear in your original post.
Helium is by productive of natural radioactive decay if I recall correctly, so Earth does generate new helium; but, turn of last century , it was thought to be extremely rare and depletable.
Worldwide reserves, exclusive of the US, was estimated to be ~ 31,300 million cubic meters. Based on these figures, we estimate the current worldwide reserves will sustain the supply for ~300 years at current rates of consumption.
This is not correct. Helium reserve in US was sold and is being depleted and we are now a net importer. Less than 5% goes to balloons - most is high tech like MRI’s, chip fabrication, rocket launches, AI cooling etc. There have been shortages ( rationed/contracts allowing for delivery of less than contracted for ) about 10 of the last 18 yrs. Nobody knows yet the extent of the helium deposit in MN - but they are flow testing the 2 appraisal wells for 2 weeks each this month ( started this past weekend ). 95% of He production is a byproduct of Nat Gas production so cannot be scaled due to shortage. Lastly, a hint of what it COULD be is emphasized by the fact that there were 2% helium concentrations up to 60 miles away. Anything above 0.3% is considered economic… Pulsar’s first 2 wells have encountered He up to 14.5%. Regarding the source - yes, it is from Radioactive decay but requires unique seal ( He can leak through anything ) and billions of years to accumulate in scale which is why it’s very, very rare to find in qty
He’s Mike d and he gets respect.
Welcome Mike d
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Seems NASA is the largest consumer of helium. And newer MRI machines require
much less.
MRIs of the future
MRI manufacturers have responded to the uncertain future of helium with their own solutions. Both Philips and Siemens Healthineers recently started selling alternatives to traditional MRI machines, which hold 1,700 to 1,800 liters of liquid helium and require constant replenishment. Some models now require just 1 to 7 liters of helium and don’t need any replenishment. Spokespeople from both companies touted these newer models as cost-effective for hospitals, especially if helium prices keep rising.
But the MRI machines are expensive to replace and probably not in the budget of
most hospitals.
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You sure your buddy didn’t mistake the area? He may have added a zero… Pulsar has about 7 sq miles ( 4181 acres ) leased. They are pursuing more but that’s what they have so far.
…or the missing “.” as in 7.0 sq miles ?
Anyways, would care to hear more “inside scoop” on the hydrogen stuff
alluded to as well.
That’s why they hired him. To expand the area.
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He said Utah’s oil is the only major action for leasing on O&G.
The majority is carbon capture & hydrogen. On hydrogen, there are a lot of states. I forgot the number he said.
You ever get an update from your buddy on the Minnesota Helium project? State land is about to be made available for lease but I’m assuming a landman would work on private landowners?