November sale of petroleum and natural gas largest in bonus bids this year.

Yesterday’s sales total was also ten million dollars more than the last five months combined, and it pushed the year-to-date total up to 217 point five million, more than 78 million ahead of the full 2012 total. 

It also leaves the current eleven month total only about five million below the full 2011 calendar year total, and barring a disastrous December sale…this year will be the best one, of the last three years. 

There were only nine parcels purchased yesterday, with just over 12 thousand hectares—five leases and four drilling licenses—and as a result the average per hectare price was a gaudy 4 thousand 522 dollars.

That’s more than ten times the October sale’s, average price per hectare, and unofficial records show you need to go back to October of 2009, to find a better one. 

That was a 62-parcel, 370 million dollar sale, and the average price per hectare was the second highest in BC history at 5 thousand 625 dollars.

The next sale is scheduled for December 11th.

Thanks for Reading! is the voice of the Peace, bringing issues that matter to the forefront with independent journalism. Our job is to share the unique values of the Peace region with the rest of B.C. and make sure those in power hear us. From your kids’ lemonade stand to natural resource projects, we cover it–but we need your support.


Give $10 a month to today and be the reason we can cover the next story.

Social media doesn't show you everything!

Don't miss a story

This site uses cookies to provide you with a great user experience. By continuing to use this website, you consent to the use of cookies in accordance with our privacy policy.