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First Saskatchewan Land Sale of 2016 Nets $5.1 Million

February 8, 20165:20 PM Peter Ciavarella

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 complete list of successful bidders is shown in the table below.

Feb-02-16-SK-Land-Sale-by-company

The data for this post has been provided courtesy of CWD Inc.

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