OIl and Gas Rights Sale

It generated only about 50 percent of the record 441 million dollars in bonus bids last month but, yesterday’s BC oil and gas rights sale was still another big one and, keeps the province on pace for another calendar year record.

The total was nearly 213 and half million dollars paid, for 89 of 99 parcels offered.

They covered nearly 59 thousand hectares bringing the average price per hectare, to about 36 hundred dollars second only to last month’s record, of more than nine thousand.

The June sale also pushes the calendar year-to-date total, to more than 970 million dollars.

With half the year left, that’s already less than 50 million dollars, from the 2007 calendar year record, of one point two billion.