Land Sale Results

Synopsis of Manitoba's Oil Lease Sale

February 8, 2017


black dropLease Sale Statistics (1979 - 2017 PDF)

The results of competitive bidding on February 8, 2017 for Crown oil and gas rights which was offered by the Department of Growth, Enterprise and Trade, resulted in a total of $152,135.76.00 being added to provincial revenue.

Four lease parcels, covering 176 hectares (434.90 acres) were sold for a bonus amount totaling $149,919.76. The average price per hectare for lease parcels sold was $851.82 ($2,104.85 per acre).

Tundra Oil & Gas Partnership paid the highest price per hectare for a parcel located in the Daly Sinclair area. The firm paid $2,654.00 per hectare ($1,074.06 per acre) as a tender bonus.

This was the first sale scheduled for 2017. The next sale will be held on May 10, 2017. The deadline for posting requests is February 10, 2017.

Top of the page