Land Sale Results

Synopsis of Manitoba's Oil Lease Sale

August 8, 2012

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

The results of competitive bidding on August 8, 2012 for Crown oil and gas rights which was offered by the Department of Innovation, Energy and Mines, resulted in a total of $579,889.59 being added to provincial revenue. This sale is the second best on record.

Twenty two lease parcels, covering 1738.33 hectares (4,295.41 acres) were sold for a bonus amount totaling $565,005.43. The average price per hectare for lease parcels sold was $325.03 ($131.53 per acre).

EOGl Resources Canada Inc., paid the highest price per hectare for a parcel located in the Waskada area. The firm paid $1,052.62 per hectare ($425.99 per acre) as a tender bonus.

This is the third of four sales scheduled for 2012. The next sale will be held on November 14, 2012. The deadline for posting requests is August 10, 2012

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