August oil and gas rights sales preview

81 parcels covering over 34,000 hectares will be on offer tomorrow, at the August sale of BC Natural Gas and Petroleum Rights.



The calendar year-to-date-total in bonus bids is past 662 million dollars, and is already higher than any 12 month calendar year total prior to 2007.

The 2009 total of just under 893 million dollars was the third highest calendar year total on record.

However, this year’s total will surpass it, with an average of slightly less than 47 million in bonus bids, in each of the remaining five months.

The largest ever August sale was in the record year of 2008, when bonus bids totalled more than 502 million dollars.