Land Sale Results

Synopsis of Manitoba's Oil Lease Sale

February 12, 2014

black dropLease Sale Statistics (1979 - present PDF)

The results of competitive bidding on February 12, 2014 for Crown oil and gas rights which was offered by the Department of Mineral Resources, resulted in a total of $831,513.70 being added to provincial revenue.

Twenty Three lease parcels, covering 3024 hectares (7472.30 acres) were sold for a bonus amount totaling $811,729.70. The average price per hectare for lease parcels sold was $268.43 ($108.63 per acre).

Fire Sky Energy Inc., paid the highest price per hectare for a parcel located in the Virden area. The firm paid $2,083.34 per hectare ($843.12 per acre) as a tender bonus.

This is the first of four sales scheduled for 2014. The next sale will be held on May 14, 2014. The deadline for posting requests is February 15, 2014.

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