Land Sale Results

Synopsis of Manitoba's Oil Lease Sale

November 4, 2020

black dropLease Sale Statistics (1979 - current) PDF

The results of competitive bidding on November 4, 2020 for Crown oil and gas rights which was offered by Manitoba Agriculture and Resource Development, resulted in a total of $50,426.28 being added to provincial revenue.

Seven lease parcels, covering 528 hectares (1,304.68 acres) were sold for a bonus amount totaling $45,778.28. The average price per hectare for lease parcels sold was $86.70 per hectare ($214.23 per acre).

Synergy Land Services Ltd paid the highest price per hectare for a parcel located in the Daly Sinclair area. The firm paid $304.33 per hectare ($123.16 per acre) as a tender bonus.

This was the final sale scheduled for 2020. The next sale will be held on February 10, 2021. The deadline for posting requests is November 6, 2020.

Top of the page