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WASTE COLLECTION

August Land Sale Brings in $3.0 Million in Revenue

The August sale of petroleum and natural gas rights raised $3.0 million in revenue for the province, at an average price of $306 per hectare.

After four sales in 2015, land sale revenues total $35.7 million.

The August sale saw the Swift Current area receive the most bids with sales of $1.4 million. The Weyburn-Estevan area was next at $1.0 million, followed by the Kindersley-Kerrobert area at $420,580 and the Lloydminster area at $167,239.

The highest price paid for a single parcel was $373,270; Mammoth Land Services Ltd. acquired the 291-hectare lease north of Shaunavon. The highest price on a per-hectare basis was $3,192; Fire Sky Energy Inc. bid $103,333 for a 32.37-hectare lease southeast of Carnduff.

“Even during current oil prices, Saskatchewan offers the petroleum and natural gas industry one of the most attractive jurisdictions in Canada for long-term investment by conventional producers,” Economy Minister Bill Boyd said. “Our province’s diversified and opportunity-rich economy, along with our strong business-friendly operating environment, will help support continued growth and activity for our communities and industry stakeholders.”

Sales in Alberta and British Columbia have been similarly impacted this year as single-sale lows in British Columbia and Alberta raised $203,533 and $3.0 million respectively.

The next sale of Crown petroleum and natural gas rights will be held on October 6, 2015.

Via: The Gull Lake Advance Facebook Page


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HOCKEY WEEK IN GULL LAKE! JANUARY 14-20, 2019

WINTERFEST 2019

Upcoming events:

  • Sat
    01
    Dec
    2018
    Tue
    01
    Jan
    2019

    Christmas Cove 2018

    05:00 pm to 10:00 pmGull Lake Campground

    Christmas Cove 2015

  • Fri
    21
    Dec
    2018

    Gull Lake Skating Club Christmas Gala

    6:30pm @Gull Lake Recreation Complex

  • Fri
    21
    Dec
    2018

    Gull Lake RBC Honors Wendy Munt on Her Retirement

    9:00pm to 5:00pmRoyal Bank