Oil and Gas rights sale today

It’s unlikely we’ll find out before late tomorrow morning, but today’s sale of natural gas and petroleum rights could push this year’s bonus bids total, past last year’s 12 month total.

The eight month 2010 calendar year total is over 760 million, and it would take a September sale of about 133 million, to pass the 2009 total of just under 893 million.

With four months left in the year, 2010 could also become the third calender year, in which bonus bids exceed one billion dollars.

71 parcels are being offered today, covering more than 35,000 hectares.

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