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.

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