Land Sale Results

Synopsis of Manitoba's Oil Lease Sale

August 12, 2020

black dropLease Sale Statistics (1979 - current) PDF

The results of competitive bidding on August 12, 2020 for Crown oil and gas rights which was offered by Manitoba Agriculture and Resource Development, resulted in a total of $23,750.24 being added to provincial revenue.

Nine lease parcels, covering 480 hectares (1,186.08 acres) were sold for a bonus amount totaling $18,470.24. The average price per hectare for lease parcels sold was $38.48 per hectare ($95.08 per acre).

Cougar Creek Land Ltd paid the highest price per hectare for a parcel located in the Daly Sinclair area. The firm paid $107.77 per hectare ($43.61 per acre) as a tender bonus.

This was the third sale scheduled for 2020. The next sale will be held on November 4, 2020. The deadline for posting requests is August 14, 2020.

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