Drilling rights sale nets $63-million for Alberta
Posted Jan 12, 2012 7:51 am.
This article is more than 5 years old.
A slow start for the province’s drilling rights this year.
Land sold in the first auction of 2012 netted $403 per hectare, that’s less than half the $861 paid on average last year according to The Calgary Herald.
Alberta Energy posted the results on its website, saying it raised $63-million for the sale of 157,000 hectares.
In 2011, $3.54-billion poured in for 4.1-million hectares of land.
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