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Sunday, October 20, 2019
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Home Energy News Government makes just over $3 million in land rights sale in the...

Government makes just over $3 million in land rights sale in the last three months

FORT ST. JOHN, B.C. — After a big start to the year, the last three months of petroleum and natural gas land rights sales have brought paltry amounts into provincial coffers.

In Wednesday’s auction, a total of only 1,056 hectares of land rights were sold off, and both were drilling licenses. Oil and gas companies spent just $202,600.96.

Things weren’t much better in March and February. The third month of the year saw companies spend just under $891,000 on 12 plots of land covering 7,800 hectares. In February, the land rights auction brought in $2.1 million for over 8,100 hectares of drilling rights and leases.

The next petroleum land rights sale is taking place on May 16th. 

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