February land sale brings in $3.4 million

The Feb. 6, 2018 public offering of Crown petroleum and natural gas dispositions generated $3,439,121, an average of $411/hectare. This compares to $9,551,628, an average of $695/hectare received at the last offering held on Dec. 5, 2017.

The top purchaser of acreage in the province was Spartan Energy Corp., who spent $1,039,680 to acquire 18 lease parcels.

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The lone licence in this offering fetched $54,639, paid by Prairie Land & Investment Services Ltd. for a 1,554 hectare parcel situated adjacent to the Whitemud Second White Specks Gas Pool, 15 kilometres south of Eastend.

The top price paid for a single lease was $325,347, paid by Spartan Energy Corp. for a 129.5 hectare parcel situated adjacent to the Workman Midale and Frobisher Beds Oil Pools, 20 kilometres southeast of Carnduff.

The highest dollar per hectare in the offering was received from Synergy Land Services Ltd., who paid $2,523/hectare for a 64.75 hectare parcel located within the Pinto Midale and Frobisher Beds Oil Pools, 35 kilometres east of Estevan.

Estevan area

The total bonus received in the area was $2,452,992, an average of $711/hectare. This compares to $5,084,478, an average of $773/hectare at the last offering. There were 52 leases posted, and 47 sold, for a total of 3,448 hectares.

Top purchaser of acreage in this area was Spartan Energy Corp., who spent $1,039,679.96 to acquire 18 lease parcels.

The top price paid for a single lease in this area was the aforementioned $325,346.74, paid by Spartan Energy Corp.

The highest dollar per hectare in this area was received from the aforementioned Synergy Land Services Ltd.

Swift Current area

The total bonus received in the area was $357,675, an average of $139/hectare. This compares to $403,051, an average of $104/hectare at the last offering. Eight leases were posted, and six sold, along with one licence in the Swift Current area.

Top purchaser of acreage in this area was Elk Run Resources Ltd., who spent $150,906 to acquire two lease parcels.

The single licence in this area fetched $54,639, paid by Prairie Land & Investment Services Ltd. for this 1,554 hectare parcel situated adjacent to the Whitemud Second White Specks Gas Pool, 15 kilometres south of Eastend.

Top price paid for a single lease in this area was $90,544, paid by Elk Run Resources Ltd. for a 194.25 hectare parcel situated within the Cantuar East Cantuar Sand and Roseray Sand Oil Pools, 20 kilometres west of Swift Current.

The highest dollar per hectare in this area was received from Synergy Land Services Ltd., who paid $913/hectare for a 59.14 hectare parcel located within the Gull Lake Basal Cantuar Sand and Gull Lake Central Upper Shaunavon Oil Pools, 55 kilometres southwest of Swift Current.

Kindersley area

The total bonus received in the area was $578,155, an average of $279/hectare. This compares to $949,462, an average of $458/hectare at the last offering. Only about half of the posted leases sold, with eight out of 15 actually being acquired.

Top purchaser of acreage in this area was Buffalo Hill Resources Ltd., who spent $322,323 to acquire three lease parcels.

Top price paid for a single lease in this area was $140,293, paid by Buffalo Hill Resources Ltd. for a 259 hectare parcel situated adjacent to the Whiteside Viking Sand Oil Pool, 35 kilometres west of Kindersley. This was the highest dollar per hectare in this area at $542/hectare.

Lloydminster area

The total bonus received in the area was $50,299, an average of $183/hectare. This compares to $3,114,637, an average of $2,565/hectare at the last offering. Six leases were posted but only two sold.

The top purchaser of acreage in this area was Canadian Natural Resources Limited, who spent $29,523 to acquire one lease parcel. This 210.44 hectare parcel is situated five kilometres west of the Mervin South Mannville Sands Oil Pools, 10 kilometres southeast of Turtleford.

The highest dollar per hectare in this area was received from Baytex Energy Ltd., who paid $321/hectare for a 64.75 hectare parcel located adjacent to the Freemont South Colony Oil Pool, 25 kilometres west of Cutknife.

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