HELIUMEnergy transition

Steveville helium plant

Keranic Industrial Gas (ex-Royal Helium) · Design 22 MMcf/yr 99.999 % He from 15 MMcf/d raw gas

Alberta's first commercial helium plant; non-operational since fall 2024; CCAA Feb 2025, Keranic acquisition 2025; restart status unverified.

RESOURCE CONTEXT

No provincial reserve estimate; ~3,000 gas analyses above 0.4 % He; Worsley 15-25 contingent 323 MMcf He

Basement-sourced helium in nitrogen-rich gas over the Peace River and Sweetgrass arches.

Official reserve statements for this commodity (1)

GEOLOGICAL SETTING

Prospectivity envelopes for Helium

  • Peace River Arch / Worsley helium fairwayHighly favourable
    Basement-sourced helium trapped in Devonian / Cambrian reservoirs on a basement high
  • Sweetgrass Arch / Steveville–KnappenFavourable
    Helium in Cambrian–Devonian traps over a basement high (Montana–Saskatchewan analogue)

Development regime

Tenure
Helium is produced under petroleum & natural gas agreements (exact statutory wording unverified); AER licenses helium wells.
Royalty
4.25 % (5 % less a 0.75 % adjustment, IL 2020-22) under the Natural Gas Royalty Regulation; five-year review due 2025 (outcome unverified).

DATASETS TO STACK HERE

Public layers that cover this site

NEARBY OPERATIONS

Within reach