Land Sale Results

Synopsis of Manitoba's Oil Lease Sale

November 14, 2007

black dropLease Sale Statistics (1979 - 2008 PDF)
black dropSchedule of Public Offering - 2008 (PDF)
black dropSchedule of Public Offering - 2009 (PDF)

The results of competitive bidding on November 14, 2007 for Crown oil and gas rights which was offered by the Department of Science, Technology, Energy and Mines, resulted in a total of $93,174.66 being added to provincial revenue.

Eight of the Nine lease parcels offered, covering 912 hectares (2253.55 acres) were sold for a bonus amount totaling $86,782.66. The average price per hectare for lease parcels sold was $95.16 ($38.51 per acre). The average bonus at the last sale held on August 15, 2007 was $21.74.

Canadian Natural Resources Limited, paid the highest price per hectare for a parcel located in the Pierson area. The firm paid $1156.64 per hectare ($468.09 per acre) as a tender bonus.

This is the final of four sales scheduled for 2007. During the year, four sales combined for a total $384,007.04 representing 9530 hectares (23,548 acres).The next sale will be held on February 13, 2008. The deadline for posting requests is November 16, 2007.

Four sales are scheduled for 2008; February 13, May 14, August 13 and November 12, 2008. 

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