The bi-monthly Land Sales Report was released on Tuesday.

A total bonus of $1,608,244.49 was received with an average of $327.01 per hectare. 4,917.96 hectares were sold. This is up from $418,982.79 and an average of $218.75 from the last offering.

Provincially the Public Offering of Crown Petroleum and Natural Gas dispositions generated $2,253,705.93 at an average of $309.50 per hectare. These numbers are up from the average of $281.62 per hectare, and a total of $1,546,513.87 from the last offering held on August 13.

 

Highlights of the Weyburn-Estevan Area Summary include:

 

The highest bonus bid was for a parcel near the Benson Midale Beds Oil Pool and within the Bakken Viewfield Oil Pool. The 129.274-hectare lease was bought by the Midale Petroleums Ltd. for $240,480.00.

A parcel near the Minard Midale Beds Oil Pool and the Benson East Midale Beds Oil Pool sold for $4,111.00/hectare at a total of $132,575.64.

Midale Petroleums Ltd. was the top bidder in the area, purchasing five leases for a total of $470,425.00