This week’s Alberta land sale has earned the province $26.6 million in Lease and License fees from petroleum and natural gas leases. The total for the first seven sales of 2017 so far is $109.3 million, compared to $39.3 million earned by this time last year. The interactive map below shows the lease locations.
There were a total of 103 parcels with successful bids for this sale. The chart below illustrates the trend of the Alberta land sales since the beginning of the year and also shows the running total for that period.
The total area of the 103 parcels was 43,667 hectares with an average bid price of $608.44 per hectare. That compares to $325.03 per hectare for the last sale on April 5 which is an 87% increase in the average price per hectare.
Thirty-six companies participated, compared to fifty in the last sale. The highest amount paid was $15.1 million by a land agent for a 14 section parcel in the Twining area East Central Alberta. That works out to $4,220/hectare. The largest successful bid from a non agent was from TransCanada Energy Ltd. who paid $468 thousand for 8 sections in the Crossfield area of West-Central Alberta. That area is known for gas production from the Elkton.
The complete list of successful bidders is in the chart below.
The data for this post has been provided courtesy of CWD Inc.
