City plans to make helium play in Saskatchewan
The Gas City could be harnessing a major new source of revenue.
According to a briefing note attached to the latest agenda for Medicine Hat’s Energy and Utilities Committee, the city’s energy corporation will be drilling a well to produce helium in the near future, and moves would be made to locate a helium upgrader inside the city.
Long term benefits from construction and operation jobs are expected from the move to both produce and refine helium, though an exact number for the expected jobs was not included in the briefing.
The city expects to partner with other entities in the project, though the anticipated partners were not named. The royalty regime in Alberta was also described as ‘economically restrictive and non-competitive’ compared to Saskatchewan, with discussions underway with the government of Alberta about the issue.