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.

Top of the page