-5.7 C
Fort St. John
Sunday, December 9, 2018
Tel: 250-787-7100
Email: contact@energeticcity.ca
9924 101 ave Fort St. John, B.C.
Advertisement
Advertisement
Advertisement

Weak month for natural gas bonus bids

 

July has resulted in another low petroleum and natural gas sale this year of just $5.1 million.

That compares to $53 million in bonus bids the same time last year.

- Advertisement -

This month, there were 24 parcels put up for sale of which 17 were sold, covering 5,239 hectares, leaving 1,916 hectares unsold. The average parcel price was $970 per hectare.

Up for grabs were two drilling licences in the Montney Regional Trend area, about 80 kilometres north of Hudson’s Hope. The two licences had per-hectare bids of $6,149, making up approximately $3.5 million of the month’s sales.

The July sale brings the calendar year total to just more than $71 million.

The next sale in August is expected to offer significantly more parcels of land, covering a greater area.

Author

Advertisement
Advertisement
Advertisement
Advertisement

Warning: array_merge(): Argument #2 is not an array in /home/energet6/public_html/wp-includes/widgets/class-wp-widget-custom-html.php on line 127

Warning: array_merge(): Argument #1 is not an array in /home/energet6/public_html/wp-includes/widgets/class-wp-widget-custom-html.php on line 134
Advertisement
Advertisement
Advertisement

Must Read

Fort St. John man arrested near Trail

TRAIL, B.C. - The RCMP have arrested Ishmani Baker of Fort St. John near Trail. Baker was arrested at a rural property on Columbia Road,...