February Natural Gas and Oil Rights Sale

Must Read

Northern Health Region sees three new cases of COVID-19

VICTORIA, B.C. - Three new cases of COVID-19 were confirmed on Wednesday, bringing the total in the Northern Health...

Ball Game fundraiser this weekend in support of Natalie Small

FORT ST. JOHN, B.C. - This weekend, October 3 and 4, the Mixed Slowpitch team, the Bombers, will be holding...

Indigenous Resource Network to help Indigenous Peoples connect with oil and gas industry

FORT ST. JOHN, B.C. - In early September, the Indigenous Resource Network was formally launched in Fort St. John. To...

The February sale of natural gas and oil rights in Northeastern BC generated nearly 17 million dollars in bonus bids.

That’s just slightly less than last year’s February sale, but it puts the calendar year total for the first two months of 2010 at 30 million and that’s well ahead of the 2009 pace.

19 of the 22 parcels offered in yesterday’s sale were sold covering more than 13,000 hectares.

- Advertisement -

The average price per hectare for this sale was nearly 1,300 dollars and the key parcels included four drilling licences located in the Horn River Basin, about 40 kilometres northeast of Fort Nelson, with per hectare bids as high as 3,526 dollars.

The next sale is scheduled for March 25th and it could be a big one as it will offer 77 parcels covering over 25,000 hectares.

- Advertisement -

Community Interviews with Moose FM


Subscribe to our newsletter

Get the latest news delivered to your mailbox every morning.

More Articles Like This