No bids at B.C.'s March oil and gas sale

B.C. walked away empty handed from its monthly sale of Crown petroleum and natural gas rights this week. 

Just a single 1,116-hectare lease near near Laprise Creek and Birley Creek was put up for this month's sale, held March 27. There were no bids. 

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It's the second $0 land sale in three years, after the province recorded a zero on the ledger in February 2016.

Industry picked up four leases and one drilling licence for $2.04 million in January. There were zero parcels posted for sale in February. 

The next sale is scheduled for April 24, with five leases and one drilling licence on offer. 

Email Managing Editor Matt Preprost at editor@ahnfsj.ca.

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