Land Sale Results

Synopsis of Manitoba's Oil Lease Sale

May 14, 2014

black dropLease Sale Statistics (1979 - 2014 PDF)

The results of competitive bidding on August 13, 2014 for Crown oil and gas rights which was offered by the Department of Mineral Resources, resulted in a total of $259,775.51 being added to provincial revenue.

Twenty Three lease parcels, covering 2398 hectares (5,925.46 acres) were sold for a bonus amount totaling $242,181.66. The average price per hectare for lease parcels sold was $100.98 ($40.87 per acre).

NAL Resources Ltd, paid the highest price per hectare for a parcel located in the Pierson area. The firm paid $1077.00 per hectare ($435.86 per acre) as a tender bonus.

This was the third of four sales scheduled for 2014. The next sale will be held on November 5, 2014. The deadline for posting requests is August 15, 2014.

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