October land sale pumps $15.2M into province's coffers
Published Friday, October 5, 2012 8:25AM CST
The Saskatchewan government says this month’s land sale generated $15.2 million in revenue for the province.
October’s sale of oil and natural gas rights attracted $11.8 million in bonus bids. Nine drilling licenses also sold for another $3.4 million.
The province says the highlight of the sale was the intense competition for lease parcels in the prolific Viking Sand resource play in west-central Saskatchewan.
The Kindersley and Kerrobert areas attracted the most bids with sales of $8.5 million. The Weyburn and Estevan areas were second with $3.4 million, followed by the Lloydminster area with $3.3 million.
Scott Land and Lease shelled out the most cash for a single parcel this month after it acquired a 1,300-hectare drilling license southwest of Kindersley for $1.6 million. The Calgary-based company also paid the highest price per hectare at $8,532 for a lease parcel north of Kisbey.
So far this year, monthly land sales have pumped a total of $94.2 million into the province’s coffers.