An American company is in possession of a “world-class,” and “mind-boggling” deposit of subterranean helium gas, which has them excited for way more than just the potential to sell it to party supply stores.
Despite being the second most abundant gaseous element in the universe, helium is rare on Earth, and in Babbit, Minnesota, a reservoir has been identified that is being described as one of the most lucrative ever found.
Helium is an excellent coolant, and in engineering and technology, the gas is used to cool rockets, nuclear power reactors, and medical imaging technology like MRI machines. Apart from occasional deposits found underground, the only way to produce it, according to Shiran Genzi, writing for Bored Bat, is through nuclear fusion or skimming it off decaying radioactive material like uranium and thorium.
Pulsar Helium, the exploration company that is currently working at the Babbit reservoir, recently obtained results of a survey showing that it’s currently larger than earlier estimates gathered in March.
It shows that maximum concentrations are 14.5% of the total underground area, which when considering how helium reservoir can be declared economically significant with as little as 0.3% concentration, one understands why it was described in March as “mind-boggling;” even when it was believed to be less dense.
Furthermore, helium gas is coming up to the surface at a rate of 821,000 cubic feet 23,250 cubic meters per day, meaning there’s no need for fracking.
“These results are considered world-class,” Pulsar Helium representatives wrote in a statement shared with Live Science in early July.
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“The results confirm that a previously discovered pocket of helium between 1,750 and 2,200 feet (530 to 670 meters) below the surface, reports Pulsar Helium president and CEO Thomas Abraham-James said in a statement.
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Already across the world, developed countries are experiencing shortages of helium, and the Babbit reservoir could go a long way to addressing the United States’.
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