British Columbia oil and gas rights auction takes $610 million
Published July 18th, 2008
British Columbia’s monthly auction of gas and oil rights featured once on the Montney shale gas area near Dawson Creek, with some bidders paying more than $32,500 per hectare making a monthly auction record of $610 million.
The average price per hectare for a leased parcel was $24,690.
The next auction is set for Aug. 13, when British Columbia will offer 136 parcels covering 115,879 hectares.
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