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Home News Richard Neufeld on the recent Oil and Gas Sale

Richard Neufeld on the recent Oil and Gas Sale

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It didn’t quite match last month’s record in government revenue but, there was another huge sale of oil and gas rights, in Northeast BC, yesterday.

It resulted in more than half a billion dollars in bonus bids and, unofficially that puts the calendar year record total, at more than two billion dollars, with four months to go…

This is Energy Minister Richard Neufeld….

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The new numbers also mean in the past two months alone, sales have nearly equalled last year’s, 12 month record total.

In addition this month’s total is more than ten times the Alberta August sale total, of 41.9 million and, if the past two month trend continues, over the next four months, BC could seriously threaten Alberta’s calendar year record….

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The Alberta record is 3.5 billion dollars and, it was set in 2006.

The next BC sale is scheduled for the 10th of September.

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