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.