Another petroleum and natural gas land rights sale under $5 million

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It leaves the ten month calendar year total at $163 million, which is about $24 million more than the full twelve month total last year. However, in the last five months the bonus bid total has been less than $45 million, and nearly half of that came in one $20.5 million dollar sale in August. 

All 22 of the parcels offered this month were purchased, but the per-hectare price was the lowest of the 10 monthly sales this year at just $410. That’s less than 12 per cent of this year’s monthly sale high of $3,550, which occurred in March,when just 19 of 25 parcels were purchased for nearly $42 million. 

The next monthly sale is scheduled for November 13th.

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