Only $27k brought in from July petroleum land rights sale

Must Read

Four new cases of COVID reported in the Northern Health region

VICTORIA, B.C. - The Province of B.C. confirmed another 46 cases of COVID-19 in across the Province.

BC Promises More Overdose Prevention Sites. But Will They Slow Rising Death Rates?

An advocate for drug users says a B.C. government commitment to fund more overdose prevention sites is...

Start of school year delayed

VICTORIA, B.C. - The school year will not start as planned on September 8.

FORT ST. JOHN, B.C. – Though the provincial government saw a windfall of over $42 million during last month’s petroleum and natural gas land rights sale, the same can’t be said for this month’s sale.

In Wednesday’s auction, the provincial government netted just $26,938.00 from the sale of two drilling licenses, which were the only parcels of land on the auction block. The two 264-hectare parcels are located northeast of Inga Lake, around 70 kilometres northwest of Fort St. John. The two parcels were both bought by Scott Land & Lease for $7,357 and $16,732 respectively.

So far this year, petroleum land rights auctions have brought in just $59,468,373.01. That number, while still more than the roughly $33.6 million paid for land rights in 2015 and 2016 combined, is still well below the $173 million the Province earned last year.

- Advertisement -

Community Interviews with Moose FM

The next petroleum land rights sale is taking place on August 15th, when three drilling licenses will be put up for auction.

More Articles Like This