-20.1 C
Fort St. John
Saturday, February 23, 2019
9924 101 ave Fort St. John, B.C.
Advertisement
Home Energy News 2016's first natural gas rights sale millions less than last year's

2016’s first natural gas rights sale millions less than last year’s

Advertisement

FORT ST. JOHN, B.C. — Despite recording a dismal 2015 bonus bids total of $18.3 million, the province has started the New Year with a monthly sale of natural gas and petroleum rights of only $212,000.

It’s more than $2 million less than the January sale last year, lower than any monthly total in 2015, and the sixth monthly sale in the last twelve months under $1 million.

Six of the eight parcels offered this week — all drilling licenses — were purchased, but the price per hectare was only $76.53:  also lower than any monthly sale last year.

- Advertisement -

The next sale is set for February 24, 2016.

get the latest news in your inbox

Author

Advertisement

Local Events

Must Read

Midget Predators to host AA Midget Peace Country Storm today

FORT ST. JOHN, B.C. - The Midget Predators female hockey team is home today, Saturday, as they host the AA Midget Peace Country Storm.Last...

NWJHL playoffs continues tonight