It now appears unlikely this will be another billion dollar year in the sale of natural gas and petroleum rights in Northeast B.C.
The October sale was nearly a carbon copy of the one last month, resulting in roughly $20 million in bonus bids.
That brings the 10-month calendar year total to $801 million, just over $90 million off last year’s 12-month total.
However, the next sale scheduled for Nov. 17, could be a small one since it will offer only 14 parcels covering less than six thousand hectares.
Twenty-nine of the 30 parcels offered yesterday were sold, covering nearly 20 thousand hectares.
The average per-hectare price was just over $1,000.
However, a key parcel, 30 kilometers east of Chetwynd, sold for more than $8.5 million and it had a per-hectare bid of over $8,000.
Sales for the last four months have totalled about $191 million, but that is less than half the June sale which was over $404 million.