Alberta nudges C$90 million for two oil and gas land sales in 2004 - February 01, 2004

Providing coverage of Alaska and northern Canada's oil and gas industryFebruary 2004

Vol. 9, No. 5

Week of February 01, 2004

Alberta nudges C$90 million for two oil and gas land sales in 2004

Gary Park

Petroleum News Calgary correspondent

Alberta notched a second impressive sale of petroleum, natural gas and oil sands rights, collecting C$32.7 million from its Jan. 21 auction, bumping the year-to-date to almost C$90 million.

The latest round of bidding saw 107,897 hectares (266,613 acres) change hands, raising the year’s total to 250,298 hectares (618,486 acres).

The top bidder was Maverick Land Consultants for an unnamed client, which paid C$1.15 million for 3,136 hectares (7,749 acres) near Provost in central Alberta. Its average price was C$368.17 per hectare, compared with the average per-hectare bid for the sale of C$293.75.

Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.petroleumnews.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.