Land Sale Results

Synopsis of Manitoba's Oil Lease Sale

May 16, 2018

black dropLease Sale Statistics (1979 - Current)

The results of competitive bidding on May 16, 2018 for Crown oil and gas rights which was offered by the Department of Growth, Enterprise and Trade, resulted in a total of $63,733.37 being added to provincial revenue.

Fifteen lease parcels, covering 1,535.41 hectares (3,793.99 acres) were sold for a bonus amount totaling $52,359.43. The average price per hectare for lease parcels sold was $34.10 ($84.26 per acre).

Silver Hawk Resources Ltd paid the highest price per hectare for a parcel located in the Manson Field area. The firm paid $152.47 per hectare ($61.70 per acre) as a tender bonus.

This was the second sale scheduled for 2018. The next sale will be held on August 15, 2018. The deadline for posting requests is May 18, 2018.

Top of the page