Land Sale Results

Synopsis of Manitoba's Oil Lease Sale

February 15, 2006

black dropLease Sale Statistics (1979 - 2008 PDF)
black dropSchedule of Public Offering - 2008 (PDF)
black dropSchedule of Public Offering - 2009 (PDF)

The results of competitive bidding on February 15, 2006 for Crown oil and gas rights which was offered by the Department of Industry, Economic Development and Mines, resulted in a total of $920,601.53 being added to provincial revenue.

Thirty-seven of the forty-four lease parcels offered, covering 3475 hectares (8,687 acres), were sold for a bonus amount totaling $893,639.97. The average price per hectare for lease parcels sold was $257.18 ($102.87 per acre). The average bonus at the last sale held on November 9, 2005 was $220.69 ($88.28 per acre).

Scott Land & Lease Ltd. paid the highest price per hectare for a parcel located in the Kirkella area. The firm paid $1,212.84 per hectare ($485.14 per acre) as a tender bonus.

This is the first of four sales scheduled for 2006. The next sale will be held on May 17, 2006. The deadline for posting requests is February 17, 2006.

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