Land Sale Results

Synopsis of Manitoba's Oil Lease Sale

November 14, 2012

black dropLease Sale Statistics (1979 - present PDF)
black dropSchedule of Public Offering - 2012 (PDF)

The results of competitive bidding on November 14, 2012 for Crown oil and gas rights which was offered by the Department of Innovation, Energy and Mines, resulted in a total of $194,059.24 being added to provincial revenue.

Eighteen lease parcels, covering 2384 hectares (5,890.86 acres) were sold for a bonus amount totaling $178,515.24. The average price per hectare for lease parcels sold was $74.88 ($30.30 per acre).

Newalta Corporation, paid the highest price per hectare for a parcel located in the Waskada area. The firm paid $1,250.31 per hectare ($505.99 per acre) as a tender bonus.

This is the last of four sales scheduled for 2012. The next sale will be held on February 13, 2013. The deadline for posting requests is November 16, 2012.

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