Land Sale Results

Synopsis of Manitoba's Oil Lease Sale

May 11, 2016

black dropLease Sale Statistics (1979 - 2015 PDF)

The results of competitive bidding on May 11, 2016 for Crown oil and gas rights which was offered by the Department of Growth, Enterprise and Trade, resulted in a total of $57,371.25 being added to provincial revenue.

Five lease parcels, covering 269.26 hectares (673.15 acres) were sold for a bonus amount totaling $54,428.85. The average price per hectare for lease parcels sold was $202.14 ($80.85 per acre).

Red River Oil Inc. paid the highest price per hectare for a parcel located in the Daly Sinclair area. The firm paid $357.87 per hectare ($143.14 per acre) as a tender bonus.

This was the second sale scheduled for 2016. The next sale will be held on August 10, 2016. The deadline for posting requests is May 13, 2016.

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