Bonus From Single Alberta Auction Hits Lowest Level Since November 2002
Wednesday’s Alberta land sale brought in the lowest overall bonus since November 2002 as the total, including bidding on four oilsands parcels, brought in just $15.38 million.
The last time Alberta collected less than $16 million from an overall land sale was the Dec. 11, 2002 auction that collected just $15.78 million, including rights to one Metis parcel. The lowest total of 2002 was the $10.29 million collected in the Nov. 27 auction of that year.
Wednesday’s land sale drew just $15.38 million overall or about $218 per hectare for rights to 70 689 hectares. According to Daily Oil Bulletin records, the per-hectare price on Wednesday was the lowest since the April 21, 2004 auction, when the average was just under $197 per hectare.
Rights to conventional leases on 26 401 hectares brought in just $9.16 million or an average of about $347 per hectare in Wednesday’s sale. Conventional licences on 43 264 hectares attracted just under $4.72 million or an average of $109 per hectare. Four oilsands parcels drew just $1.5 million or an average of $199 per hectare for rights to 1 024 hectares.
From Nickle's Daily Oil Bulletin
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