Land Sale Results

Synopsis of Manitoba's Oil Lease Sale

February 11, 2015

black dropLease Sale Statistics (1979 - 2015 PDF)

The results of competitive bidding on February 11, 2015 for Crown oil and gas rights which was offered by the Department of Mineral Resources, resulted in a total of $642,410.48 being added to provincial revenue.

Six lease parcels, covering 832 hectares (2,055.87 acres) were sold for a bonus amount totaling $637,098.48. The average price per hectare for lease parcels sold was $765.74 ($309.89 per acre).

Plunkett Resources Ltd, paid the highest price per hectare for a parcel located in the Manson area. The firm paid $4026.00 per hectare ($1,629.30 per acre) as a tender bonus.

This was the first sale scheduled for 2015. The next sale will be held on May 13, 2015. The deadline for posting requests is February 13, 2015.

Top of the page