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Alberta Land Sale Nets $2.47 Million

October 29, 201512:24 PM Peter Ciavarella

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.

AB-Oct-28--sale-YTD

The number of companies participating is also much lower at 26.  The complete list is in the table below.  The most notable bidder was Brio Energy Corporation, who acquired 5 sections in the Hythe area of north-western Alberta at an average bid price of $578 per hectare.  This is in a primarily a gas producing region.

AB-Oct-28-Land-Sale-by-company
The data for this post has been provided courtesy of CWD Inc.

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