Land Sale Results

Synopsis of Manitoba's Oil Lease Sale

February 14, 2018


black dropLease Sale Statistics (1979 - Current)

The results of competitive bidding on February 14, 2018 for Crown oil and gas rights which was offered by the Department of Growth, Enterprise and Trade, resulted in a total of $213,872.81 being added to provincial revenue.

Twenty-three lease parcels, covering 1,740.040 hectares (4,299.64 acres) were sold for a bonus amount totaling $198,582.66. The average price per hectare for lease parcels sold was $114.13 ($282.01 per acre).

Silver Hawk Resources Ltd paid the highest price per hectare for a parcel located in the Birdtail Field area. The firm paid $404.21 per hectare ($163.58 per acre) as a tender bonus.

This was the first sale scheduled for 2018. The next sale will be held on May 16, 2018. The deadline for posting requests is February 16, 2018.

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