Land Sale Results

Synopsis of Manitoba's Oil Lease Sale

November 5, 2014


black dropLease Sale Statistics (1979 - 2014 PDF)

The results of competitive bidding on November 5, 2014 for Crown oil and gas rights which was offered by the Department of Mineral Resources, resulted in a total of $477,337.68 being added to provincial revenue.

Ten lease parcels, covering 896 hectares (2,214.016 acres) were sold for a bonus amount totaling $470,201.68. The average price per hectare for lease parcels sold was $524.78 ($212.38 per acre).

Prairie Land & Investment Services Ltd., paid the highest price per hectare for a parcel located in the Pierson area. The firm paid $2578.13 per hectare ($1,043.35 per acre) as a tender bonus.

This was the final sale scheduled for 2014. The next sale will be held on February 11, 2015. The deadline for posting requests is November 7, 2014.

Top of the page