Land Sale Results

Synopsis of Manitoba's Oil Lease Sale

February 10th, 2010

black dropLease Sale Statistics (1979 - present PDF)
black dropSchedule of Public Offering - 2010 (PDF)
black dropSchedule of Public Offering - 2011 (PDF)

The results of competitive bidding on February 10, 2010 for Crown oil and gas rights which was offered by the Department of Innovation, Energy and Mines, resulted in a total of $887,317.96 being added to provincial revenue.

Thirteen lease parcels, covering 1392 hectares (3,439.63 acres) were sold for a bonus amount totaling $877,245.96. The average price per hectare for lease parcels sold was $630.21 ($255.04 per acre).

BASM Land & Resources Ltd., paid the highest price per hectare for a parcel located North of the Kirkella Field. The firm paid $3,567.90 per hectare ($1,443.91 per acre) as a tender bonus.

This is the first of four sales scheduled for 2010. The next sale will be held on May 12, 2010. The deadline for posting requests is February 12, 2010.

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