The latest Alberta sale for Oil and Gas Mineral rights was completed yesterday and the result was a total of $8,664,107 paid for a total of 78 leases. This is up slightly from the previous sale on March 9 when the total was $8.2 million. The sale result also included Oilsands leases for the first time since December 15, 2015. Two Oilsands parcels sold for $26,493, one to Canadian Natural Resources Ltd. and the other to an anonymous bidder. The chart below illustrates the trend of sale [Read more]
Alberta March 9 Land Sale Results are $8.19 Million
The March 9, 2016 Alberta Oil and Gas Crown mineral rights land sale earned the province a total of $8.19 million. This is almost double the total of the previous land sale on February 10. The chart below shows that the land sale results are trending upward after the first 4 Alberta land sales of the year. A total of 110 leases consisting of 42.9 thousand hectares of land were sold. The average price paid per hectare was $190.86 which is up from the average of $162.67 paid on [Read more]
February 10 Alberta Land Sale Earns $4.64 Million
Yesterday's Alberta Oil and Gas Crown mineral rights land sale earned the province a total of $4.64 million. A total of 64 leases consisting of 28.5 thousand hectares of land were sold. The average price paid per hectare was $162.67, slightly up from the average $116.57 paid 2 weeks ago. That brings the total for the first three sales of 2016 to $11.4 million. The largest single non-anonymous bidder was Rockeast Energy Corp. who paid $96.6 thousand for 3 and a half sections in the Delbon [Read more]
First Saskatchewan Land Sale of 2016 Nets $5.1 Million
Last week’s Saskatchewan Crown oil and gas mineral rights land sale earned $5.11 million for the province. A total of 62 crown leases consisting of 11.5 thousand hectares of land was auctioned off. The average price paid was $443.63 per hectare. That compares to an average of just $116.57 per hectare paid in Alberta just a week earlier. The largest bid for a single parcel was $1.037 million which was paid for one section in the Souris Valley, west of Estevan by an anonymous bidder. A [Read more]
Second Alberta Landsale of 2016 Nets $4.38 Million
This week's Alberta oil and gas mineral rights land sale earned the province a total of $4.38 million for 82 leases consisting of 37.6 thousand hectares of land. The average price paid per hectare was $116.57 and that brings the total for the first two sales of 2016 to $6.8 million. That compares to $32 million this time last year, which represents a drop of 78.8%. The largest single non-anonymous bidder was Nine Ring Energy Development Inc. Nine Ring paid $309.2 thousand for 6 sections in [Read more]
Alberta January 13th Land Sale Earns $2.4 Million
Yesterday's Alberta oil and gas mineral rights land sale earned the province a total of $2.4 million for 104 leases consisting of just over 40,000 hectares of land. That averages out to $59.43/hectare. For comparison, in the first land sale of 2015, Alberta earned $24 million. The largest single bidders were Birchhill Canada Corp. and Crescent Point Energy Ltd. Birchhill paid $253k for 7 sections in the Carrot Creek area of west-central Alberta and Crescent Point paid $256k for a [Read more]
Final Alberta Land Sale for 2015 Nets $12.57 Million
Yesterday's Alberta land sale brought in a total of $12.57 million. This brings the final Alberta land sale proceeds for 2015 to $294.98 million. For comparison, in 2014, Alberta earned $494.04 million which represents a decrease of 40.3% year over year. The chart below shows this sale at 10th highest overall for 2015 which puts it about the middle of the pack. Overall, 47 companies successful completed bids on 111 separate land parcels. Total land area leased was 58,286 hectares with [Read more]
Alberta Earns $3.07 million From December 2 Land Sale
The December 2 Alberta Land Sale results are in and the province has received $15,601 for Oilsands leases and $3,058,773 for conventional leases for a total result of $3.07 million. The Alberta total so far for 2015 is $282.4 million compared to $466.7 million this time last year. That represents a decline of 39.5% from this time last year. There were 28 successful bidders that picked up 53 separate parcels for a total of 29,923 hectares. The average bid price was $114.19 per hectare [Read more]
Alberta November 18 Land Sale Earns $20.59 Million
Yesterday's Alberta Land Sale results were the highest total since March 3, 2015, when the total was $40.9 million. The Alberta total so far for 2015 is $279.3 million. This time last year the cumulative land sale total was 62% higher at $453.7 million. There were 30 successful bidders that picked up 62 separate parcels for a total of 23,057 hectares. The average bid price was $893.01 per hectare. The largest amount paid for a single parcel was $5.59 million for 4 sections in the [Read more]
Alberta Land Sale Nets $2.47 Million
The downward trend for Alberta land sales is continuing with yesterday's results coming in at $2.47 million. This result is 32% lower than the result of the last sale, October 14th, which was $3.7 million. The results for the October 28th sale can be broken down as $2,321,700 for petroleum and natural gas leases and $148,969 for Oilsands leases. The total Alberta sale proceeds to date for 2015 are $252.5 million. The number of companies participating is also much lower at 26. The [Read more]