Land Sale Results

Synopsis of Manitoba's Oil Lease Sale

August 10, 2011

black dropLease Sale Statistics (1979 - present PDF)
black dropSchedule of Public Offering - 2011, 2012 (PDFs)

The results of competitive bidding on August 10, 2011 for Crown oil and gas rights which was offered by the Department of Innovation, Energy and Mines, resulted in a total of $2,850,109.92 being added to provincial revenue.

Twenty Nine lease parcels, covering 1952 hectares (4,823.39 acres) were sold for a bonus amount totaling $2,831,677.92. The average price per hectare for lease parcels sold was $1,450.65 ($587.07 per acre).

BASM Land & Resources Ltd., paid the highest price per hectare for a parcel located in the Waskada area. The firm paid $15,999.99 per hectare ($6,475.10 per acre) as a tender bonus.

This is the third of four sales scheduled for 2011. The next sale will be held on November 9, 2011. The deadline for posting requests is August 12, 2011.