2012 Crown petroleum and natural gas rights sales lowest since 1998

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Erica Fisher

Erica is a reporter for Moose FM and energeticcity.ca in Fort St. John, B.C. She grew up in Victoria, B.C. and received her Bachelor's Degree in Journalism from Concordia University in Montreal, Quebec.


Even though the year end total is dismal, there's room for encouragement from the Wednesday sale, since the total was more than the previous eight months combined. 
40 of the 46 parcels offered were purchased yesterday, and they consisted of about 30,400 hectares, leaving the per hectare price at just over $1,000.
However, unofficially, the sale left the calendar year total, at about $140 million, making this the worst year in terms of bonus bids since 1998, when the total was $96.3 million. It is also the first year this century the annual total has fallen below $200 million.
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