Industry paid more than $2 million for eight leases and five drilling licences at B.C.'s sale of petroleum and natural gas rights this week.
The province sold a total of 8,200 hectares for an average price of $254.88 at the Oct. 10 sale.
Of that, five drilling licences covering 5,503 hectares sold at an average price of $266.97.
Contiguous Resources Ltd. paid the land sale high for a licence, $779,724 for a 1,029-hectare parcel containing two tracts in the Flatrock area.
BASM Land & Resources Ltd. paid $440,820 for a licence on a 779-hectare parcel containing two tracts in the Flatrock area.
Buffalo Hill Resources Ltd. paid $212,125 for a licence on a 3,167-hectare parcel containing three tracts near Halfway River First Nation.
Cougar Creek Land Ltd. paid $36,450 for two licences, each covering 264 hectares in the Wonowon area.
The province sold eight leases covering 2,697 hectares at an average price of $230.21.
Primavera Resources Corp. paid $15,600 for four 260-hectare leases in the Charlie Lake area south of the Alaska Highway.
Basm Land and Resources Ltd. paid $15,540 for a 259-hectare lease in Montney.
Cougar Creek Land paid $150,855 for a 280-hectare lease.
Storm Resources paid $352,380 for one 839-hectare lease, and $86,490 for another 279-hectare lease.
With rent and other fees, the province took in $2.1 million for October.
The province has collected around $62.5 million at land sales so far in 2018.
Click here for full sale results.
The next sale is Nov. 14.
Email Managing Editor Matt Preprost at firstname.lastname@example.org.