B.C.'s monthly sale of Crown petroleum and natural gas rights saw an $8.3 million lift in September thanks to the sale of a drilling licence in the Halfway River area.
Industry paid $8.97 million in bonus bids for the month, the most successful sale of the year so far for the province in terms of returns.
The biggest grab was by Contiguous Resources, which paid $31,477 per hectare for the 264-hectare drilling licence near Halfway River.
Synergy Land Services picked up the other drilling licence sold this month, paying $106,909 for 569 hectares in the Upper Halfway area.
Two leases were sold.
Concourse Petroleum paid a bonus bid of $320,152 for two tracts covering 1,395 hectares in the Martin area.
Elk Run Resources paid $234,910 for four tracts covering 1,135 hectares in the Kobes and Gundy Creek areas.
Industry paid $8.97 million in bonus bids, or $2,668 per hectare. With rent and other fees, the province brought in $8.99 million for the month.
The province has now taken in close to $12 million in bonus bids to date this year — far short of the nearly $61 million it saw through this time last year.
It's been a sluggish year for land sales in B.C., which saw zero revenue in February, March, and July.
Sales have ranged from a low of $5,500 in bonus bids in June, and a previous high of $2 million in January.
The next sale is scheduled for Oct. 9, with five leases on offer.
Email Managing Editor Matt Preprost at email@example.com.