The Alberta Government brought in $21.8 MM on its October 16th Crown land sale.
In total, 70,896 hectares were sold at an average price of $306.95/ha.
Click here to see the full land sale results on BOE Intel.
There were a couple of interesting things to note about this land sale. From an acreage perspective, a large percentage of this land sale was represented by 6 parcels of contiguous land in northwest Alberta. In total, 47,808 hectares of mineral rights in this area (shown below in Figure 1) fetched a price of slightly less than $6.1 MM ($127.11/ha.). This represented ~67% of the total area from this land sale, and ~ 28% of the total dollar bonus. Most of the mineral rights were surface to basement rights, and land brokers represented the buyer(s) for all parcels.
This is not the first time we have noticed interesting land sale activity in northwest Alberta. About five months ago we had profiled some fascinating land sale activity in the area.
Figure 1
The most expensive parcel of land was near Rimbey (and shown in Figure 2), where 2,496 hectares of mineral rights went for $6,112,405 to a land broker ($2,449/ha.). Presumably the Duvernay would be the target here.
Figure 2
