Land Sale Results

Synopsis of Manitoba's Oil Lease Sale

November 3rd, 2010

black dropLease Sale Statistics (1979 - present PDF)
black dropSchedule of Public Offering - 2011 (PDF)

The results of competitive bidding on November 3, 2010 for Crown oil and gas rights which was offered by the Department of Innovation, Energy and Mines, resulted in a total of $940,776.56 being added to provincial revenue.

Thirty lease parcels, covering 3648 hectares (9,014.21 acres) were sold for a bonus amount totaling $916,008.56. The average price per hectare for lease parcels sold was $251.10 ($101.62 per acre).

Scott land & Lease Ltd., paid the highest price per hectare for a parcel located in the Waskada area. The firm paid $1,653.25 per hectare ($669.06 per acre) as a tender bonus.

This is the last of four sales scheduled for 2010. The next sale will be held on February 9, 2011. The deadline for posting requests is November 5, 2010.

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