Helium Auction Canceled; Federal Judge Grants Temporary Restraining Order

Order filed in response to complaint against the Bureau of Land Management

A temporary restraining order granted by a federal judge yesterday has canceled today’s planned helium auction. The order is in response to a civil complaint filed by Weil Group Resources, LLC against the Bureau of Land Management. Weil claims that the allocation rules set by the BLM are detrimental to smaller distributors who purchase smaller amounts of helium at the auction. The company said the current allocation system could cause smaller companies issues with access, delivery, and storage of their purchased helium. So far, the auction has not been rescheduled.

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