Skip to content

July land sale nets $510K

The province brought in $510,660 from the sale of 14 drilling licenses at the latest auction held July 13. Sale totals have been all over the map so far this year, from a high of $1.
landsale

The province brought in $510,660 from the sale of 14 drilling licenses at the latest auction held July 13.

Sale totals have been all over the map so far this year, from a high of $1.9 million in March to a low just one month before that of $0 — the first time in history the government walked away from an oil and gad land sale with nothing to show for it.

July's auction covered 4,249 hectares of land. The average selling price per acre, which is a gauge of the demand on land's geological potential, sat at $115.04. Five drilling licences did not sell. 

Last July's sale brought in $1.3 million, while July 2014's sale raised just over $3 million.

The next land sale is scheduled for August 10.

Full details of the July auction can be found here.

dcreporter@dcdn.ca