12 C
Fort St. John
Saturday, August 24, 2019
9924 101 ave Fort St. John, B.C.
Advertisement
Home News Richard Neufeld on the Record Oil & Gas Sale

Richard Neufeld on the Record Oil & Gas Sale

Energy Minister Richard Neufeld is reluctant to speculate on a final spike, for monthly sales of oil and gas rights in Northeast BC.

Wednesday’s July sale set another record, of 610 million dollars in bonus bids, smashing the previous mark, of the 441 million, set just two months ago…

[asset|aid=117|format=mp3player|formatter=asset_bonus|title=Neufeld-July Sale-2_1_Pub.mp3]

The fiscal year total is now about one point three billion dollars and, the calendar year total is more than one and half billion.

Both those figures, break one point two billion dollar records set last year.

Shale reserves in the Montney Play, northeast of Fort St. John, remain the key investment attraction in the area.

Mr. Neufeld concedes the increase in Alberta’s oil royalities, scheduled for implementation next year may also be a factor but, he’s reluctant to dwell on that…

[asset|aid=118|format=mp3player|formatter=asset_bonus|title=Neufeld-July Sale-3_1_Pub.mp3]

get the latest news in your inbox

Author

Local Events

Must Read

School zones and school buses back in effect soon

FORT ST. JOHN, B.C. - With summer holidays quickly coming to an end, school students will be returning to class Tuesday, September 3rd, 2019...