According to a report on Thursday by Minneapolis’s WCCO-TV, a recent discovery of subterranean helium in Minnesota may prove to be among the world’s largest.
After first breaking ground, it took the drill site, which is located just outside of Babbitt in the northeastern part of the state, approximately a month to reach a depth of 2,200 feet.
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Pulsar Helium CEO Thomas Abraham-James called the discovery “a dream come true.”
“There was a lot of screaming, a lot of hugging and high fives. It’s nice to know the efforts all worked out and we pulled it off,” Abraham-James told WCCO.
The measured helium concentration was 12.4%, which was 30 times higher than industry averages and higher than the company’s own estimates.
“12.4% is just a dream,” the CEO told the outlet. “It’s perfect.”
Naturally, more research is needed, but as the Duluth News Tribune noted, the discovery supported 2011 research that suggested helium was present at a significant depth.
According to the outlet, businesses actively seek out helium levels higher than 0.3 percent.
“So now the real hard begins to find out what is it truly that we have and the size of the prize,” Abraham-James told the News Tribune.
