The February 8th Alberta land sale has netted the province $35.1 million in Lease and License fees. That’s the best result since the October 15th, 2014 sale, when the result was $38.2 million for oil and gas and oilsands leases.
There were a total of 188 parcels with successful bids for this sale. The chart below illustrates the trend of the Alberta land sales since the beginning of 2016 and also shows the running total for that period.
The total area of the 188 parcels in this week’s sale was 86.9 thousand hectares with an average bid price of $403.24 per hectare. That compares to $229.64 per hectare for the last sale on January 25 and is a 76% increase.
Forty-nine companies participated, compared to sixty in the last sale. Two land agents paid $7.9 million for 2 separate parcels in this sale. Both parcels are in the Sylvan Lake area of Central Alberta, an area which is known for Late Cretaceous gas production (Edmonton Group). One parcel is 12 sections while the other is 10.75 sections.
The complete list of successful bidders is in the chart below.
The data for this post has been provided courtesy of CWD Inc.