11 C
Fort St. John
Tuesday, June 25, 2019
9924 101 ave Fort St. John, B.C.
Advertisement
Home News March land rights sale generates millions

March land rights sale generates millions

Advertisement

Be Energeticcity.ca staff

 

The Province raked-in more than $13 million in bonus bids, for the March Oil and Gas land-rights sale.

- Advertisement -

That’s slightly down from last year’s sale, which generated almost $15 million.

Wednesday’s sale offered 77 parcels in northeast B.C., covering 25,171 hectares, and sold 66 parcels covering 18,736 hectares. The average price per hectare for this sale was approximately $715.

Included in the sale are four leases for deep-drilling rights in the Blair Creek area, around 105 km northwest of Fort St. John. Bids ranged between roughly $4,000 and $7,000 per hectare, for a total of nearly $6.1 million.

Also, two leases were awarded in the eastern portion of the Horn River Basin, about 70 km northeast of Fort Nelson totaling nearly $1.1 million.

The next sale is scheduled for April 21 and will offer 30 parcels covering more than 27,000 hectares.

get the latest news in your inbox

Author

Advertisement

Local Events

Must Read

Inconnu Swim Club wraps-up season with Annual Awards Ceremony

FORT ST. JOHN, B.C. - On June 13, the Inconnu Swim Club wrapped-up their season with their Annual Awards Ceremony. This event was to celebrate...