Oil and Gas Rights Sale today

The rights on sixty parcels of crown land in BC are up for grabs in today’s Oil and Gas rights sale. That number is down from last month’s offering of seventy one parcels, sixty four of which were purchased. However, fifty eight drilling leases have been put up for today’s sale, compared to only thirty-four offered last month.

Oil and Gas Land Rights sales so far this year have raked in over two billion dollars for the BC government, with each of the last five sales putting over two hundred million dollars in bids towards BC government coffers.