Western Canada oil and gas land sales net $13.8 million so far in February

The Alberta government sits with about half the land sale revenue it did at the same period of last year after another quiet sale.

The lone February sale held Wednesday generated $3.62 million for the provincial government on 27,760 hectares at an average price of $130.39.

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Year-to-date, the province has collected $19.49 million on 105,992 hectares at an average price of $183.88.

After three sales last year, the province had taken in $40.83 million on the sale of 154,691 at an average price of $263.93.

The next sale will be held March 6.

Saskatchewan

The Saskatchewan government kicked off its 2019 land sale schedule on February 5 with a $10.2 million land sale, which included a top bonus parcel of over $2 million.

Industry paid $10.2 million for 15,230 hectares at an average price of $696.53.

The next sale is scheduled for April 9.

British Columbia

There are no parcels posted for February. Industry had requested parcels for the sale, but First Nations asked for more time to review and comment due to Christmas break office closures.

The province has just one parcel listed for its March 27 sale, a 1,116-hectare lease in the Laprise and Black Creek areas.

Manitoba

Manitoba will hold is first sale of the year on Feb. 13.

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