Land Sale Results

Synopsis of Manitoba's Oil Lease Sale

November 5, 2014

black dropLease Sale Statistics (1979 - 2014 PDF)

The results of competitive bidding on November 5, 2014 for Crown oil and gas rights which was offered by the Department of Mineral Resources, resulted in a total of $477,337.68 being added to provincial revenue.

Ten lease parcels, covering 896 hectares (2,214.016 acres) were sold for a bonus amount totaling $470,201.68. The average price per hectare for lease parcels sold was $524.78 ($212.38 per acre).

Prairie Land & Investment Services Ltd., paid the highest price per hectare for a parcel located in the Pierson area. The firm paid $2578.13 per hectare ($1,043.35 per acre) as a tender bonus.

This was the final sale scheduled for 2014. The next sale will be held on February 11, 2015. The deadline for posting requests is November 7, 2014.

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